UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): May 11, 2007
BERRY
PETROLEUM COMPANY
(Exact
Name of Registrant as Specified in its Charter)
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DELAWARE
(State
or Other Jurisdiction of
Incorporation
or Organization)
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1-9735
(Commission
File Number)
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77-0079387
(IRS
Employer
Identification
Number)
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5201
TRUXTUN AVE., STE. 300, BAKERSFIELD, CA
(Address
of Principal Executive Offices)
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93309
(Zip
Code)
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Registrant’s
telephone number, including area code: (661)
616-3900
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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1
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Item
2.01 Completion
or Acquisition or Disposition of Assets
On
May
11, 2007, Berry Petroleum Company (Company) issued a news release titled
"Berry Petroleum Completes Sale of West Montalvo Assets" regarding
the Company's sale of certain non-core West Montalvo assets, near
Ventura, California, to
Venoco,
Inc. (NYSE:VQ). The sales price based on a January 1, 2007 effective date
is $63 million cash, subject to customary adjustments. The
news
release dated May 11, 2007 is attached hereto as Exhibit 99.1, which is
incorporated by reference in its
entirety.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
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Exhibit
No.
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Description
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99.1
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News
Release dated May 11, 2007 titled "Berry Petroleum Completes Sale of
West Montalvo Assets".
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereto
duly authorized.
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BERRY
PETROLEUM COMPANY
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By:
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/s/ Kenneth
A. Olson
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Kenneth
A. Olson
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Corporate
Secretary
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Date: May
11, 2007
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2
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Berry
Petroleum Company News
Contact:
Berry Petroleum Company
5201
Truxtun Ave., Ste.
300
Bakersfield,
CA 93309
1-661-616-3900
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Contacts:
Robert F. Heinemann, President and CEO - - Ralph J. Goehring, Executive
Vice President and CFO
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Berry
Petroleum Completes Sale of West Montalvo Assets
Bakersfield,
Calif. -- (BUSINESS WIRE) -- May 11, 2007
-- Berry
Petroleum Company (NYSE: BRY) today completed the previously
announced sale of
its non-core West Montalvo assets, near Ventura, California.
The sales price
based on the January 1, 2007 effective date is $63 million, subject
to customary
adjustments.
About
Berry Petroleum Company
Berry
Petroleum Company is a publicly traded independent oil and gas
production and
exploitation company with its headquarters in Bakersfield, California.
Safe
harbor under the “Private Securities Litigation Reform Act of
1995”
Any
statements in this news release that are not historical facts
are
forward-looking statements and indicate risk and uncertainty,
and actual
outcomes may differ from those indicated.
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