94-year-old independent still exploring new opportunities

With 97% of its current production in heavy oil from California, Berry Petroleum Co., Bakersfield, Calif., is diversifying through pilot programs to develop coalbed natural gas (CBNG) in Kansas and Illinois and a major acquisition this year that gave it an operating position in the Rocky Mountains. Berry Petroleum Co. Pres. and CEO Jerry V. Hoffman Click here to enlarge image"Our primary focus will be in the Rocky Mountains and the Midcontinent. We will diversify into gas and light oil through acquisitions that have high development potential," said Berry Petroleum Chairman, Pres., and CEO Jerry V. Hoffman in a recent meeting with financial analysts.Pioneer spiritApparently the company...

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