Berry Corporation Announces the Retirement of Kent Potter from the Board, Effective November 7, 2020
October 17, 2020 at 02:39 am IST
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On October 14, 2020, Kent Potter, a member of the Board of Directors (the “Board”) of Berry Corporation (bry) (the “Company”) and the Chairman of the Audit Committee thereof, notified the company of his intention to retire from the Board, effective November 7, 2020. Mr. Potter’s decision to retire is solely for personal reasons and not as a result of any disagreement with the Company, its management, the Board or any member or Committee thereof, on any matter relating to its operations, policies or practices. The Board has commenced a search for an additional independent director to fill the vacancy resulting from Mr. Potter’s retirement.
Berry Corporation (bry) is an independent upstream energy company. The Company operates through two segments: exploration and production (E&P) and well servicing and abandonment (CJWS). The E&P segment consists of the development and production of onshore, low geologic risk, long-lived conventional oil and gas reserves, primarily located in California, as well as Utah. Its California operating area consists of properties located in Midway-Sunset, South Belridge, McKittrick and Poso Creek fields in the San Joaquin basin in Kern County. The Company operates Uinta basin operations in the Brundage Canyon, Ashley Forest, and Lake Canyon areas in Utah. The well servicing and abandonment segment provides wellsite services in California for oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics. The Companyâs subsidiaries include Berry Petroleum Company, LLC; CJ Berry Well Services Management, LLC; and C&J Well Services, LLC.