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CRC, Berry agree to merge amid ‘improving’ California landscape
['Mikaila Adams']
Home | Oil & Gas Journal
Berry brings about 20,000 b/d of California oil production and about 20,000 acres anchored in the San Joaquin basin.
Berry’s producing areas in California include North and South Midway-Sunset, McKittrick, South Belridge, Poso Creek, and Round Mountain.
Berry currently holds permits to execute a one-rig drilling program in California through 2026.
Oilfield service, Uinta basin assetsThrough the proposed deal, CRC also will own C&J Well Services, a California-focused oilfield services subsidiary of Berry.
The operator recently brought online four horizontal wells which together are producing about 3,800 boe/d gross (~93% oil) with peak production expected late this month or early October.
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