Download PDF. Bakersfield, Calif. Buckley will serve as the chairman of the board. The level of business experience and expertise represented is exceptional. Berry also announced its executive officers which will include Cary Baetz, executive vice president and chief financial officer; Gary Grove, executive vice president and chief operating officer; Kurt Neher, executive vice president of business development; Steven B.
Wilson, senior vice president of finance and administration; and Kenneth A. Olson, corporate secretary and human resource director. In addition, the Company expounded on the recently announced Hill purchase and sale agreement and provided information related to its activities. It was announced on May 23, that Berry entered into a purchase and sale agreement to acquire Linn Energy Inc.
It reaffirms our commitment to California energy production. The acreage is underdeveloped and represents a real opportunity for value creation and growth of reserves and production through a multi-year drilling and development program. The Hill asset is located within the historic Belridge oil field, approximately 60 miles west of Bakersfield, California. It is 15 miles long, two miles wide, and covers more than 8, acres. The effective date of the transaction is March 1, The completion of the transaction is subject to certain conditions and there is no assurance that all such conditions will be satisfied.
It is expected to close in the third quarter of Berry is an independent privately-held energy company with its corporate office in Bakersfield, CA, and is engaged in the acquisition, exploration, development and production of domestic oil and natural gas reserves primarily focused in the San Joaquin Basin in California, the Uinta Basin in Utah, the Piceance Basin in Colorado, and the Hugoton Field in Kansas.
For more information please visit berrypetroleum. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements.
