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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Jul. 31, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Berry Petroleum Corp
Entity Central Index Key	0001705873
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		80,973,285

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 227	$ 68,680
Accounts receivable, net of allowance for doubtful accounts of $1,377 at June 30, 2019 and $950 at December 31, 2018	54,871	57,379
Derivative instruments	29,945	88,596
Other current assets	22,250	14,367
Total current assets	107,293	229,022
Noncurrent assets:
Oil and natural gas properties	1,581,035	1,461,993
Accumulated depletion and amortization	(163,948)	(123,217)
Total oil and natural gas properties, net	1,417,087	1,338,776
Other property and equipment	129,190	119,710
Accumulated depreciation	(20,273)	(15,778)
Total other property and equipment, net	108,917	103,932
Derivative instruments	8,282	3,289
Other non-current assets	15,162	17,244
Total assets	1,656,741	1,692,263
Current liabilities:
Accounts payable and accrued expenses	127,110	144,118
Derivative instruments	7,409	0
Total current liabilities	134,519	144,118
Noncurrent liabilities:
Long-term debt	397,315	391,786
Derivative instruments	206	0
Deferred income taxes	44,946	45,835
Asset retirement obligation	102,291	89,176
Other noncurrent liabilities	25,148	14,902
Commitments and Contingencies - Note 4
Equity:
Common stock ($.001 par value; 750,000,000 shares authorized; and 80,973,285 and 81,202,437 shares outstanding, at June 30, 2019 and December 31, 2018, respectively)	85	82
Additional paid-in-capital	897,322	914,540
Treasury stock, at cost, (3,648,823 shares at June 30, 2019 and 448,661 shares at December 31, 2018)	(39,225)	(24,218)
Retained earnings	94,134	116,042
Total equity	952,316	1,006,446
Total liabilities and equity	$ 1,656,741	$ 1,692,263

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,377	$ 950
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares outstanding (in shares)	80,973,285	81,202,437
Treasury stock, at cost (in shares)	3,648,823	448,661

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues and other:
Revenues and other	$ 142,686	$ 143,874	$ 284,347	$ 275,735
Gains (losses) on derivatives			(45,297)	(112,787)
Other revenues	104	251	221	317
Total revenues and other	170,066	65,982	246,605	163,265
Expenses and other:
Transportation expenses	1,694	2,343	3,867	5,321
Marketing expenses	421	407	1,272	987
General and administrative expenses	16,158	12,482	30,498	24,466
Depreciation, depletion, and amortization	23,654	21,859	48,240	40,288
Taxes, other than income taxes	11,348	8,715	19,434	16,972
(Gains) losses on derivatives			45,297	112,787
Other operating expenses	3,119	123	4,364	123
Total expenses and other	116,886	90,581	231,740	181,701
Other income (expenses):
Interest expense	(8,961)	(9,155)	(17,766)	(16,951)
Other, net	0	(239)	155	(212)
Total other income (expenses)	(8,961)	(9,394)	(17,611)	(17,163)
Reorganization items, net	(26)	456	(257)	9,411
Income (loss) before income taxes	44,193	(33,537)	(3,003)	(26,188)
Income tax expense (benefit)	12,221	(5,476)	(877)	(4,537)
Net income (loss)	31,972	(28,061)	(2,126)	(21,651)
Series A preferred stock dividends	0	(5,650)	0	(11,301)
Net income (loss) attributable to common stockholders	$ 31,972	$ (33,711)	$ (2,126)	$ (32,952)
Net income (loss) per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.39	$ (0.94)	$ (0.03)	$ (0.89)
Diluted (in dollars per share)	$ 0.39	$ (0.94)	$ (0.03)	$ (0.89)
Oil, natural gas and natural gas liquids sales
Revenues and other:
Revenues and other	$ 136,908	$ 137,385	$ 268,010	$ 263,010
Expenses and other:
Cost of goods sold	47,879	41,517	105,807	85,819
Electricity sales
Revenues and other:
Revenues and other	5,364	5,971	15,093	11,423
Expenses and other:
Cost of goods sold	3,164	3,135	10,924	7,725
Oil
Revenues and other:
Gains (losses) on derivatives	27,276	(78,143)	(37,963)	(112,787)
Expenses and other:
(Gains) losses on derivatives	(27,276)	78,143	37,963	112,787
Marketing revenues
Revenues and other:
Revenues and other	414	518	1,244	1,302
Natural gas sales
Revenues and other:
Revenues and other	4,086	5,400	10,800	11,963
Gains (losses) on derivatives	(9,449)	0	(7,334)	0
Expenses and other:
(Gains) losses on derivatives	$ 9,449	$ 0	$ 7,334	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands

Total

Preferred Stock

Common stock

Additional Paid-in Capital

Treasury Stock

Retained Earnings (Accumulated Deficit)

Beginning balance at Dec. 31, 2017

$ 859,310

$ 335,000

$ 33

$ 545,345

$ 0

$ (21,068)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stock based compensation

1,042

Cash dividends declared on Series A preferred stock

(5,650)

Net (loss) income

6,410

Ending balance at Mar. 31, 2018

861,112

335,000

540,737

(14,658)

Beginning balance at Dec. 31, 2017

859,310

335,000

545,345

(21,068)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net (loss) income

(21,651)

Ending balance at Jun. 30, 2018

808,496

335,000

536,188

(20,006)

(42,719)

Beginning balance at Mar. 31, 2018

861,112

335,000

540,737

(14,658)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Shares withheld for payment of taxes on equity awards and other

(176)

Stock based compensation

1,278

Cash dividends declared on Series A preferred stock

(5,651)

Purchase of rights to common stock

(20,006)

Net (loss) income

(28,061)

Ending balance at Jun. 30, 2018

808,496

335,000

536,188

(20,006)

(42,719)

Beginning balance at Dec. 31, 2018

1,006,446

914,540

(24,218)

116,042

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Shares withheld for payment of taxes on equity awards and other

(270)

Stock based compensation

1,498

Purchases of treasury stock

(24,375)

Purchase of rights to common stock

^[1]

(20,265)

20,265

Common stock issued to settle unsecured claims

(3)

Dividends declared on common stock, $0.12/share

(10,072)

Net (loss) income

(34,098)

Ending balance at Mar. 31, 2019

939,129

895,500

(28,328)

71,872

Beginning balance at Dec. 31, 2018

1,006,446

914,540

(24,218)

116,042

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Purchases of treasury stock

(35,000)

Net (loss) income

(2,126)

Ending balance at Jun. 30, 2019

952,316

897,322

(39,225)

94,134

Beginning balance at Mar. 31, 2019

939,129

895,500

(28,328)

71,872

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Shares withheld for payment of taxes on equity awards and other

(675)

Stock based compensation

2,497

Purchases of treasury stock

(10,897)

Dividends declared on common stock, $0.12/share

(9,710)

Net (loss) income

31,972

Ending balance at Jun. 30, 2019

$ 952,316

$ 0

$ 85

$ 897,322

$ (39,225)

$ 94,134

[1]	In 2018, we entered into several settlement agreements with general unsecured creditors from our bankruptcy process. We paid approximately $20 million to purchase their claims to our common stock. These claims were settled in February 2019 with no shares issued.

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Preferred stock, dividends declared (in dollars per share)	$ 0.15	$ 0.158

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net (loss) income	$ (2,126)	$ (21,651)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion and amortization	48,240	40,288
Amortization of debt issuance costs	2,517	2,651
Stock-based compensation expense	3,918	2,320
Deferred income taxes	(877)	(4,537)
Increase (decrease) in allowance for doubtful accounts	427	(20)
Other operating expenses	395	123
Reorganization expenses, net (non-cash)	0	(10,763)
Derivative activities:
Total losses	45,297	112,787
Cash settlements on derivatives	11,578	(46,110)
Cash payments on early-terminated derivatives	0	(126,949)
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	2,108	(2,120)
(Increase) in other assets	(13,021)	(1,859)
(Decrease) increase in accounts payable and accrued expenses	(8,319)	8,421
(Decrease) in other liabilities	336	(2,129)
Net cash provided by (used in) operating activities	90,473	(49,548)
Capital expenditures:
Development of oil and natural gas properties	(95,538)	(37,609)
Purchases of other property and equipment	(9,190)	(7,760)
Acquisition of properties	(2,689)	0
Proceeds from sale of property and equipment and other	38	3,022
Net cash (used in) investing activities	(107,379)	(42,347)
Cash flows from financing activities:
Borrowings under RBL credit facility	123,400	96,800
Repayments on RBL credit facility	(118,200)	(409,800)
Proceeds from issuance of senior unsecured notes	0	400,000
Dividends paid on common stock	(19,662)	0
Purchase of treasury stock	(36,139)	(20,006)
Shares withheld for payment of taxes on equity awards and other	(946)	(176)
Dividends paid on Series A Preferred Stock	0	(11,301)
Debt issuance costs	0	(9,050)
Net cash (used in) provided by financing activities	(51,547)	46,467
Net decrease in cash, cash equivalents and restricted cash	(68,453)	(45,428)
Cash, cash equivalents and restricted cash:
Beginning	68,680	68,738
Ending	$ 227	$ 23,310

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation “Berry Corp.” refers to Berry Petroleum Corporation, a Delaware corporation, which is the sole member of Berry Petroleum Company, LLC ("Berry LLC"). As the context may require, the “Company”, “we”, “our” or similar words refer to (i) Berry Corp. and Berry LLC, its consolidated subsidiary, as a whole or (ii) either Berry Corp. or Berry LLC. Nature of Business Berry Corp. is an independent oil and natural gas company that was incorporated under Delaware law on February 13, 2017. Berry Corp. operates through its wholly-owned subsidiary, Berry LLC. Our properties are located in the United States (the “U.S.”), in California (in the San Joaquin and Ventura basins), Utah (in the Uinta basin), and Colorado (in the Piceance basin). Principles of Consolidation and Reporting The condensed consolidated financial statements were prepared in conformity with U.S. generally accepted accounting principles ("GAAP"), which requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In management’s opinion, the accompanying financial statements contain all normal, recurring adjustments that are necessary to fairly present our interim unaudited condensed consolidated financial statements as of June 30, 2019. We eliminated all significant intercompany transactions and balances upon consolidation. For oil and gas exploration and production joint ventures in which we have a direct working interest, we account for our proportionate share of assets, liabilities, revenue, expense and cash flows within the relevant lines of the financial statements. We prepared this report pursuant to the rules and regulations of the U.S. Security and Exchange Commission ("SEC") applicable to interim financial information, which permit the omission of certain disclosures to the extent they have not changed materially since the latest annual financial statements. We believe our disclosures are adequate to make the disclosed information not misleading. The results reported in these unaudited condensed consolidated financial statements may not accurately forecast results for future periods. This Form 10-Q should be read in conjunction with the consolidated financial statements and the notes thereto in our Annual Report on Form 10-K for the year ended December 31, 2018. Recently Adopted Accounting Standards During 2016, the FASB issued rules clarifying the new revenue recognition standard issued in 2014. The new rules are intended to improve and converge the financial reporting requirements for revenue from contracts with customers. We are an emerging growth company and elected to delay adoption of these rules until they are applicable to non-SEC issuers which is for fiscal years beginning after December 31, 2018. As such, we adopted these rules in the first quarter of 2019 and applied the modified retrospective approach, meaning the cumulative effect of initially applying the standard is recognized in the most current period presented in the financial statements. We have performed an analysis of existing contracts and determined adoption did not have a material impact on our condensed consolidated financial statements. In addition, we have evaluated the changes to relevant business practices, accounting policies and control activities and we did not experience a material change in our revenue accounting as a result of the adoption of these rules. Refer to Note 8 for additional disclosure information. New Accounting Standards Issued, But Not Yet Adopted In February 2016, the FASB issued rules requiring lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months and to include qualitative and quantitative disclosures with respect to the amount, timing, and uncertainty of cash flows arising from leases. As an emerging growth company, we have elected to delay the adoption of these rules until they are applicable to non-SEC issuers which is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We expect the adoption of these rules to increase other assets and other liabilities on our balance sheet and do not expect a material impact on our consolidated results of operations.

Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

The following table summarizes our outstanding debt:



	June 30, 2019			December 31, 2018			Interest Rate	Maturity	Security
	(in thousands)
RBL Facility	$	5,200		$	—		variable rates of 6.25% (2019) and 4.5% (2018), respectively	June 29, 2022	Mortgage on 85% of Present Value of proven oil and gas reserves and lien on other assets
2026 Senior Unsecured Notes	400,000			400,000			7.00%	February 15, 2026	Unsecured
Long-Term Debt - Principal Amount	405,200			400,000
Less: Debt Issuance Costs	(7,885		)	(8,214		)
Long-Term Debt, net	$	397,315		$	391,786

Deferred Financing Costs

We incurred legal and bank fees related to the issuance of debt. At June 30, 2019 and December 31, 2018, debt issuance costs for the RBL Facility (as defined below) reported in "other noncurrent assets" on the balance sheet were approximately $13 million and $16 million net of amortization, respectively. The amortization of debt issuance costs is presented in interest expense on the condensed consolidated statements of operations. At June 30, 2019 and December 31, 2018, debt issuance costs, net of amortization, for the 2026 Senior Unsecured Notes were both $8 million.

For the three months ended June 30, 2019 and June 30, 2018, the amortization expense for the RBL Facility and 2026 Senior Unsecured Notes was approximately $1 million, which was included in "interest expense" in the condensed consolidated statements of operations. For the six months ended June 30, 2019 and June 30, 2018, these amounts were approximately $3 million, which was included in “interest expense” in the condensed consolidated statements of operations.

Fair Value

Our debt is recorded at the carrying amount on the balance sheets. The carrying amount of the RBL Facility approximates fair value because the interest rates are variable and reflect market rates. The fair value of the 2026 senior unsecured notes was approximately $388 million and $368 million at June 30, 2019 and December 31, 2018, respectively.

The RBL Facility

On July 31, 2017, we entered into a credit agreement (“RBL Facility”), with Wells Fargo Bank, N.A. as administrative agent and certain lenders with up to $1.5 billion of commitments, subject to a reserves-based borrowing base. In April 2019, we completed a borrowing base redetermination under our RBL Facility that resulted in our borrowing base being set at $750 million and we reaffirmed our elected commitment amount at $400 million. The RBL Facility matures on July 29, 2022, unless terminated earlier in accordance with the RBL Facility terms.

We were in compliance with all financial covenants as of June 30, 2019.

As of June 30, 2019, we had approximately $386 million of available borrowing capacity under the RBL Facility.

As of June 30, 2019 and December 31, 2018, we had letters of credit outstanding of approximately $9 million and $7 million, respectively, under our RBL facility. These letters of credit were issued to support ordinary course of business marketing, insurance, regulatory and other matters.

Derivatives

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

We utilize derivatives, such as swaps, puts, and calls to hedge a portion of our forecasted oil production and gas purchases to reduce exposure to fluctuations in oil and natural gas prices. We target covering our operating expenses and fixed charges, including maintenance capital expenditures, interest and dividends, with the oil hedges for a period of up to two years out. We have hedged a portion of our exposure to differentials between ICE Brent oil (“Brent”) and NYMEX West Texas Intermediate oil (“WTI”) as well. Additionally, we target fixing the price for a large portion of our natural gas purchases used in our steam operations for up to two years. We also, from time to time, have entered into agreements to purchase a portion of the natural gas we require for our operations, which we do not record at fair value as derivatives because they qualify for normal purchases and normal sales exclusions.

As of June 30, 2019, our hedge position consisted of oil swaps, puts and calls, and natural gas swaps. We use oil swaps and puts to protect against decreases in the oil price and natural gas swaps to protect against increases in natural gas prices. We do not enter into derivative contracts for speculative trading purposes and have not accounted for our derivatives as cash-flow or fair-value hedges. We did not designate any of our contracts as cash flow hedges; therefore, the changes in fair value of these instruments are recorded in current earnings. Gains (losses) on oil hedges are classified in the revenues and other section of the condensed consolidated statements of operations and (gains) losses on natural gas hedges are presented in the expenses and other section of the condensed consolidated statements of operations.

As of June 30, 2019, we had the following crude oil production and gas purchases hedges.



	Q3 2019			Q4 2019			FY 2020
Sold Oil Calls Options (Brent):
Hedged volume (MBbls)	92			92			—
Weighted-average price ($/Bbl)	$	81.00		$	81.00		$	—
Purchased Oil Put Options (Brent):
Hedged volume (MBbls)	460			460			—
Weighted-average price ($/Bbl)	$	50.00		$	50.00		$	—
Fixed Price Oil Swaps (Brent):
Hedged volume (MBbls)	1,472			1,380			4,392
Weighted-average price ($/Bbl)	$	72.64		$	72.21		$	65.70
Fixed Price Oil Swaps (WTI):
Hedged volume (MBbls)	92			92			121
Weighted-average price ($/Bbl)	$	61.75		$	61.75		$	61.75
Oil basis differential positions (Brent-WTI basis swaps):
Hedged volume (MBbls)	46			46			—
Weighted-average price ($/Bbl)	$	(1.29	)	$	(1.29	)	$	—
Fixed Price Gas Purchase Swaps (Kern, Delivered):
Hedged volume (MMBtu)	4,600,000			4,295,000			13,725,000
Weighted-average price ($/MMBtu)	$	2.91		$	2.95		$	2.98
Fixed Price Gas Purchase Swaps (SoCal Citygate):
Hedged volume (MMBtu)	460,000			460,000			1,525,000
Weighted-average price ($/MMBtu)	$	3.80		$	3.80		$	3.80

For our purchased puts, we would receive settlement payments for prices below the indicated weighted-average price per barrel of Brent. For some of our purchased puts we paid a premium at the time the positions were created and for others, the premium payment is deferred until the time of settlement. We have mitigated the exposure to a substantial portion of these premium payments by entering into offsetting put positions. We paid approximately $4 million and $19 million of the deferred premiums during the three and six months ended June 30, 2019, which is partially offset by premiums received during the six months ended June 30, 2019. The remaining deferred premiums of approximately $2 million are reflected in the mark-to-market valuation and will be payable through the first quarter of 2020.

For fixed-price swaps, we make settlement payments for prices above the indicated weighted-average price per barrel of Brent or WTI and receive settlement payments for prices below the indicated weighted-average price per barrel of Brent or WTI.

For oil basis swaps, we make settlement payments if the difference between Brent and WTI is greater than the indicated weighted-average price per barrel of our contracts and receive settlement payments if the difference between Brent and WTI is below the indicated weighted-average price per barrel.

For fixed-price natural gas purchase swaps, we are the buyer so we make settlement payments for prices below the weighted-average price per MMBtu and receive settlement payments for prices above the weighted-average price per MMBtu.

Our commodity derivatives are measured at fair value using industry-standard models with various inputs including publicly available underlying commodity prices and forward curves, and all are classified as Level 2 in the required fair value hierarchy for the periods presented. These commodity derivatives are subject to counterparty netting. The following tables present the fair values (gross and net) of our outstanding derivatives as of June 30, 2019 and December 31, 2018:



	June 30, 2019
	Balance Sheet Classification	Gross Amounts Recognized at Fair Value			Gross Amounts Offset in the Balance Sheet			Net Fair Value Presented on the Balance Sheet
	(in thousands)
Assets:
Commodity Contracts	Current assets	$	39,116		$	(9,172	)	$	29,945
Commodity Contracts	Non-current assets	9,301			(1,020		)	8,282
Liabilities:
Commodity Contracts	Current liabilities	(16,581		)	9,172			(7,409		)
Commodity Contracts	Non-current liabilities	(1,226		)	1,020			(206		)
Total derivatives		$	30,611		$	—		$	30,611



	December 31, 2018
	Balance Sheet Classification	Gross Amounts Recognized at Fair Value			Gross Amounts Offset in the Balance Sheet			Net Fair Value Presented on the Balance Sheet
	(in thousands)
Assets:
Commodity Contracts	Current assets	$	89,981		$	(1,385	)	$	88,596
Commodity Contracts	Non-current assets	3,289			—			3,289
Liabilities:
Commodity Contracts	Current liabilities	(1,385		)	1,385			—
Total derivatives		$	91,885		$	—		$	91,885

By using derivative instruments to economically hedge exposure to changes in commodity prices, we expose ourselves to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes us, which creates credit risk. We do not receive collateral from our counterparties.

We minimize the credit risk in derivative instruments by limiting our exposure to any single counterparty. In addition, our RBL Facility prevents us from entering into hedging arrangements that are secured, except with our lenders and their affiliates that have margin call requirements, that otherwise require us to provide collateral or with a non-lender counterparty that does not have an A- or A3 credit rating or better from Standards & Poor’s or Moody’s, respectively. In accordance with our standard practice, our commodity derivatives are subject to counterparty netting under agreements governing such derivatives which partially mitigates the counterparty nonperformance risk.

Lawsuits, Claims, Commitments and Contingencies	6 Months Ended
Lawsuits, Claims, Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Lawsuits, Claims, Commitments and Contingencies	Lawsuits, Claims, Commitments and Contingencies In the normal course of business, we, or our subsidiary, are subject to lawsuits, environmental and other claims and other contingencies that seek, or may seek, among other things, compensation for alleged personal injury, breach of contract, property damage or other losses, punitive damages, civil penalties, or injunctive or declaratory relief. We accrue reserves for currently outstanding lawsuits, claims and proceedings when it is probable that a liability has been incurred and the liability can be reasonably estimated. We have not recorded any reserve balances at June 30, 2019 and December 31, 2018. We also evaluate the amount of reasonably possible losses that we could incur as a result of these matters. We believe that reasonably possible losses that we could incur in excess of reserves accrued on our balance sheet would not be material to our consolidated financial position or results of operations. We, or our subsidiary, or both, have indemnified various parties against specific liabilities those parties might incur in the future in connection with transactions that they have entered into with us. As of June 30, 2019, we are not aware of material indemnity claims pending or threatened against us. During the six months ended June 30, 2019, we entered into agreements to replace our Bakersfield, California office lease for approximately $11 million in aggregate over 8 years beginning August 2019. The annual costs under our current office lease, which ends in 2019, are similar to the costs under the new leases.

Equity	6 Months Ended
Equity	Jun. 30, 2019
Equity [Abstract]
Equity	Equity Cash Dividends Our board of directors approved $0.12 per share quarterly cash dividends on our common stock for the first, second and third quarters of 2019. We paid the second quarter dividend in July 2019 and declared the third quarter dividend in July 2019, which is payable in October 2019. Stock Repurchase Program In December 2018, our Board of Directors adopted a program for the opportunistic repurchase of up to $100 million of our common stock. Based on the Board’s evaluation of market conditions for our common stock they authorized initial repurchases of up to $50 million under the program. Purchases may be made from time to time in the open market, in privately negotiated transactions or otherwise. The manner, timing and amount of any purchases will be determined based on our evaluation of market conditions, stock price, compliance with outstanding agreements and other factors, may be commenced or suspended at any time without notice and does not obligate Berry Petroleum to purchase shares during any period or at all. Any shares acquired will be available for general corporate purposes. For the three months ended June 30, 2019, we repurchased 1,000,000 shares at an average price of $10.90 per share for $11 million, which is reflected as treasury stock. For the six months ended June 30, 2019, we repurchased 3,200,162 shares at an average price of $11.02 per share for $35 million, which is reflected as treasury stock. The Company has repurchased a total of 3,648,823 shares under the stock repurchase program for $39 million as of June 30, 2019. Stock-Based Compensation In March 2019, the Company granted awards of 706,314 shares of restricted stock units ("RSUs"), which will vest annually in equal amounts over three years and 553,902 performance-based restricted stock units ("PSUs"), which will cliff vest at two or three years. The fair value of these awards was approximately $16 million. The RSUs awarded are service-based awards. The PSUs awarded include a market objective measured against both absolute total stockholder return (“Absolute TSR”) and total stockholder return relative (“Relative TSR”), to the Vanguard World Fund - Vanguard Energy ETF index (the “Index”) over the performance period, assuming the reinvestment of dividends. Depending on the results achieved during the two or three year performance period, the actual number of shares that a grant recipient receives at the end of the period may range from 0% to 200% of the Target Shares granted. The fair value of the PSUs was determined using a Monte Carlo simulation analysis to estimate the total shareholder return ranking of the Company, including a comparison against the Index over the performance periods. The expected volatility of the Company’s common stock at the date of grant was estimated based on blended historical average volatility rates for the Company and selected guideline public companies. The dividend yield assumption was based on the current annualized declared dividend. The risk-free interest rate assumption was based on observed interest rates consistent with the approximate two and three year performance measurement period.

Supplemental Disclosures to the Financial Statements

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Disclosures to the Financial Statements

Other current assets reported on the condensed consolidated balance sheets included the following:



	June 30, 2019		December 31, 2018
	(in thousands)
Prepaid expenses	$	7,382	$	4,656
Materials and supplies	10,909		5,461
Inventories	3,717		4,012
Other	243		238
Total	$	22,250	$	14,367

The major classes of inventory were not material and therefore not stated separately. Other non-current assets at June 30, 2019 and December 31, 2018, included approximately $13 million and $16 million of deferred financing costs, net of amortization, respectively.

Accounts payable and accrued expenses on the condensed consolidated balance sheets included the following:



	June 30, 2019		December 31, 2018
	(in thousands)
Accounts payable-trade	$	20,693	$	13,564
Accrued expenses	52,070		66,417
Royalties payable	16,160		26,189
Taxes other than income tax liability	8,526		10,766
Accrued interest	10,516		10,500
Dividends payable	10,112		9,992
Asset retirement obligation - current portion	8,927		6,372
Other	106		318
Accounts payable and accrued expenses - total	$	127,110	$	144,118

The increase in the long-term portion of the asset retirement obligation largely reflected an increase in the change in estimate of $18 million, $2 million in new wells, and accretion expense of $3 million. The change in estimate was a result of California's new idle well regulations effective in the second quarter. This accelerated the timing of abandonment of certain wells. These increases were partially offset by liabilities settled during the period of $8 million and an increase to the current portion of the asset retirement obligation of $3 million.

Other non-current liabilities at June 30, 2019 and December 31, 2018 included approximately $25 million and $15 million of greenhouse gas liability, respectively.

Supplemental Information on the Statement of Operations

Other operating expenses mainly consist of excess abandonment costs, as well as gain (loss) on sale of assets.

Supplemental Cash Flow Information

Supplemental disclosures to the condensed consolidated statements of cash flows are presented below:



	Six Months Ended June 30,
	2019		2018
	(in thousands)
Supplemental Disclosures of Significant Non-Cash Investing Activities:
(Increase) decrease in accrued liabilities related to purchases of property and equipment	$	3,938	$	8,614
Supplemental Disclosures of Cash Payments (Receipts):
Interest, net of amounts capitalized	$	15,272	$	3,298
Reorganization items, net	$	—	$	1,352

The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported in the condensed consolidated statements of cash flows to the line items within the condensed consolidated balance sheets:



	Six Months Ended June 30,
	2019		2018
	(in thousands)
Beginning of Period
Cash and cash equivalents	$	68,680	$	33,905
Restricted cash	—		34,833
Cash, cash equivalents and restricted cash	$	68,680	$	68,738

Ending of Period
Cash and cash equivalents	$	227	$	3,600
Restricted cash	—		19,710
Cash, cash equivalents and restricted cash	$	227	$	23,310

Restricted cash was associated with cash reserved to settle claims with general unsecured creditors. Cash and cash equivalents consist primarily of highly liquid investments with original maturities of three months or less and are stated at cost, which approximates fair value.

Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

We calculate basic earnings (loss) per share by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during each period, which is approximately 82 million shares in 2019. Common shares issuable upon the satisfaction of certain conditions pursuant to a contractual agreement, are considered common shares outstanding and are included in the computation of net income (loss) per share. Our initial capitalization included the issuance of 32,920,000 shares of common stock and another 7,080,000 shares reserved to settle claims of unsecured creditors, all of which were included in our computation of net income (loss) per share until the claims were settled and the shares issued. At the end of February 2019, we finalized settlement of these claims and issued approximately 2,770,000 shares. In all prior periods presented we retrospectively adjusted the weighted average shares in our earnings per share calculations for the ultimate shares issued, instead of the 7,080,000 shares that had been reserved.

The Series A Preferred Stock was not a participating security, therefore, we calculated diluted EPS using the “if-converted" method under which the preferred dividends are added back to the numerator and the convertible preferred stock is assumed to be converted at the beginning of the period. No incremental shares of Series A Preferred Stock were included in the diluted EPS calculation for the three and six months ended June 30, 2019, as all outstanding shares of our Series A Preferred Stock were converted to common shares in connection with the IPO of our common stock in July 2018. No Series A Preferred Stock were included in the diluted EPS calculation for the three and six months ended June 30, 2018 as their effect was anti-dilutive under the "if converted" method. The RSUs are not a participating security as the dividends are forfeitable. We included 164,000 incremental RSU shares in the diluted EPS calculation for the three months ended June 30, 2019. No incremental RSU shares were included in the diluted EPS calculation for the six months ended June 30, 2019 and the three and six months ended June 30, 2018, as their effect was anti-dilutive under the "if-converted" method. No PSU's were included in the EPS calculations for any of the periods presented due to their contingent nature.



	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019			2018
	(in thousands except per share amounts)
Basic EPS calculation
Net income (loss)	$	31,972	$	(28,061	)	$	(2,126	)	(21,651		)
less: Series A Preferred Stock dividends and conversion to common stock	—		(5,650		)	—			(11,301		)
Net income (loss) attributable to common stockholders	$	31,972	$	(33,711	)	$	(2,126	)	$	(32,952	)
Weighted-average shares of common stock outstanding	81,519		35,873			82,061			37,224
Basic earnings (loss) per share⁽²⁾	$	0.39	$	(0.94	)	$	(0.03	)	$	(0.89	)
Diluted EPS calculation
Net income (loss)	$	31,972	$	(28,061	)	$	(2,126	)	$	(21,651	)
less: Series A Preferred Stock dividends and conversion to common stock	—		(5,650		)	—			(11,301		)
Net income (loss) attributable to common stockholders	$	31,972	$	(33,711	)	$	(2,126	)	$	(32,952	)
Weighted-average shares of common stock outstanding	81,519		35,873			82,061			37,224
Dilutive effect of potentially dilutive securities⁽¹⁾	164		—			—			—
Weighted-average common shares outstanding - diluted	81,683		35,873			82,061			37,224
Diluted earnings (loss) per share⁽²⁾	$	0.39	$	(0.94	)	$	(0.03	)	$	(0.89	)

__________


(1)	No potentially dilutive securities were included in computing earnings (loss) per share for the six months ended June 30, 2019 and the three and six months ended June 30, 2018, because the effect of inclusion would have been anti-dilutive.

Revenue Recognition

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

We account for revenue in accordance with the Accounting Standards Codification 606, Revenue from Contracts with Customers, which we adopted on January 1, 2019, using the modified retrospective method, which was applied to all contracts that were not completed as of that date. Prior period results were not adjusted and continue to be reported under the accounting standards in effect for the prior period. The new standard did not affect the timing of our revenue recognition and did not impact net income; accordingly, we did not record an adjustment to the opening balance of retained earnings.

We adopted the practical expedient related to disclosing the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied at the end of the reporting period. The performance obligations that are unsatisfied at the end of a reporting period relate solely to future volumes that we have yet to sell. As such, these are wholly unsatisfied performance obligations as each unit of product represents a separate performance obligation as well as a wholly unsatisfied promise to transfer a distinct good that forms part of a single performance obligation.

We derive substantially all of our revenue from sales of oil, natural gas and natural gas liquids ("NGL"), with the remaining revenue generated from sales of electricity and marketing activities.

The following is a description of our principal activities from which we generate revenue. Revenues are recognized when a customer obtains control of promised goods or services, in an amount that reflects the consideration we expect to receive in exchange for those goods or services.

Oil, Natural Gas and NGLs

We recognize revenue from the sale of our oil, natural gas and NGLs production when delivery has occurred and control passes to the customer. Our oil and natural gas contracts are short term, typically less than a year and our NGL contracts are both short and long term. We consider our performance obligations to be satisfied upon transfer of control of the commodity. Our commodity sales contracts are indexed to a market price or an average index price. We recognize revenue in the amount that we have a right to invoice once we are able to adequately estimate the consideration (i.e., when market prices are known). Our contracts with customers typically require payment within 30 days following invoicing.

Electricity Sales

The electrical output of our cogeneration facilities that is not used in our operations is sold to the California market based on market pricing, which includes capacity payments. The majority of the portion sold from three of our cogeneration facilities is sold under long-term contracts to two California utility companies, based on the market pricing. Revenue is recognized over time when obligations under the terms of a contract with our customer are satisfied; generally, this occurs upon delivery of the electricity. Revenue is measured as the amount of consideration we expect to receive based on average index pricing with payment due the month following delivery. Capacity payments are based on a fixed annual amount per kilowatt hour and monthly rates vary based on seasonality, which is consistent with how we earn the capacity payment. Capacity payments are settled monthly. We consider our performance obligations to be satisfied upon delivery of electricity or as the contracted amount of energy is made available to the customer in the case of capacity payments. We report electricity revenue as electricity sales on our consolidated statements of operations.

Marketing Revenue

Marketing revenue primarily includes our activities associated with transporting and marketing third-party volumes. These sales are made under the same agreements with the same purchaser as our natural gas sales discussed above. We consider our performance obligations to be satisfied upon transfer of control of the commodity. Revenues are presented excluding costs incurred prior to transferring control of these volumes to the customer, or the costs to purchase these volumes when we are acting as the principal. The revenues and expenses related to the sale and purchase of third-party volumes are presented separately as marketing revenue and marketing expenses on the condensed consolidated statements of operations.

Disaggregated Revenue

As a result of adoption of this standard, we are now required to disclose the following information regarding revenue from contracts with customers on a disaggregated basis.



	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019			2018
	(in thousands)
Oil sales	$	132,165	$	130,464		$	255,616		$	248,367
Natural gas sales	4,086		5,400			10,800			11,963
Natural gas liquids sales	657		1,521			1,594			2,680
Electricity sales	5,364		5,971			15,093			11,423
Marketing revenues	414		518			1,244			1,302
Revenues from contracts with customers	142,686		143,874			284,347			275,735
Gains (losses) on oil derivatives	27,276		(78,143		)	(37,963		)	(112,787		)
Other revenues	104		251			221			317
Total revenues and other	$	170,066	$	65,982		$	246,605		$	163,265

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Reporting	The condensed consolidated financial statements were prepared in conformity with U.S. generally accepted accounting principles ("GAAP"), which requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In management’s opinion, the accompanying financial statements contain all normal, recurring adjustments that are necessary to fairly present our interim unaudited condensed consolidated financial statements as of June 30, 2019. We eliminated all significant intercompany transactions and balances upon consolidation. For oil and gas exploration and production joint ventures in which we have a direct working interest, we account for our proportionate share of assets, liabilities, revenue, expense and cash flows within the relevant lines of the financial statements. We prepared this report pursuant to the rules and regulations of the U.S. Security and Exchange Commission ("SEC") applicable to interim financial information, which permit the omission of certain disclosures to the extent they have not changed materially since the latest annual financial statements. We believe our disclosures are adequate to make the disclosed information not misleading. The results reported in these unaudited condensed consolidated financial statements may not accurately forecast results for future periods. This Form 10-Q should be read in conjunction with the consolidated financial statements and the notes thereto in our Annual Report on Form 10-K for the year ended December 31, 2018.
Recently Adopted Accounting Standards and New Accounting Standards Issued, But Not Yet Adopted	Recently Adopted Accounting Standards During 2016, the FASB issued rules clarifying the new revenue recognition standard issued in 2014. The new rules are intended to improve and converge the financial reporting requirements for revenue from contracts with customers. We are an emerging growth company and elected to delay adoption of these rules until they are applicable to non-SEC issuers which is for fiscal years beginning after December 31, 2018. As such, we adopted these rules in the first quarter of 2019 and applied the modified retrospective approach, meaning the cumulative effect of initially applying the standard is recognized in the most current period presented in the financial statements. We have performed an analysis of existing contracts and determined adoption did not have a material impact on our condensed consolidated financial statements. In addition, we have evaluated the changes to relevant business practices, accounting policies and control activities and we did not experience a material change in our revenue accounting as a result of the adoption of these rules. Refer to Note 8 for additional disclosure information. New Accounting Standards Issued, But Not Yet Adopted In February 2016, the FASB issued rules requiring lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months and to include qualitative and quantitative disclosures with respect to the amount, timing, and uncertainty of cash flows arising from leases. As an emerging growth company, we have elected to delay the adoption of these rules until they are applicable to non-SEC issuers which is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We expect the adoption of these rules to increase other assets and other liabilities on our balance sheet and do not expect a material impact on our consolidated results of operations.

Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table summarizes our outstanding debt:



	June 30, 2019			December 31, 2018			Interest Rate	Maturity	Security
	(in thousands)
RBL Facility	$	5,200		$	—		variable rates of 6.25% (2019) and 4.5% (2018), respectively	June 29, 2022	Mortgage on 85% of Present Value of proven oil and gas reserves and lien on other assets
2026 Senior Unsecured Notes	400,000			400,000			7.00%	February 15, 2026	Unsecured
Long-Term Debt - Principal Amount	405,200			400,000
Less: Debt Issuance Costs	(7,885		)	(8,214		)
Long-Term Debt, net	$	397,315		$	391,786

Derivatives (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Transactions Resulting in Crude Oil Production and Gas Purchases Hedges

As of June 30, 2019, we had the following crude oil production and gas purchases hedges.



	Q3 2019			Q4 2019			FY 2020
Sold Oil Calls Options (Brent):
Hedged volume (MBbls)	92			92			—
Weighted-average price ($/Bbl)	$	81.00		$	81.00		$	—
Purchased Oil Put Options (Brent):
Hedged volume (MBbls)	460			460			—
Weighted-average price ($/Bbl)	$	50.00		$	50.00		$	—
Fixed Price Oil Swaps (Brent):
Hedged volume (MBbls)	1,472			1,380			4,392
Weighted-average price ($/Bbl)	$	72.64		$	72.21		$	65.70
Fixed Price Oil Swaps (WTI):
Hedged volume (MBbls)	92			92			121
Weighted-average price ($/Bbl)	$	61.75		$	61.75		$	61.75
Oil basis differential positions (Brent-WTI basis swaps):
Hedged volume (MBbls)	46			46			—
Weighted-average price ($/Bbl)	$	(1.29	)	$	(1.29	)	$	—
Fixed Price Gas Purchase Swaps (Kern, Delivered):
Hedged volume (MMBtu)	4,600,000			4,295,000			13,725,000
Weighted-average price ($/MMBtu)	$	2.91		$	2.95		$	2.98
Fixed Price Gas Purchase Swaps (SoCal Citygate):
Hedged volume (MMBtu)	460,000			460,000			1,525,000
Weighted-average price ($/MMBtu)	$	3.80		$	3.80		$	3.80

Fair Values (Gross and Net) of Outstanding Derivatives

The following tables present the fair values (gross and net) of our outstanding derivatives as of June 30, 2019 and December 31, 2018:



	June 30, 2019
	Balance Sheet Classification	Gross Amounts Recognized at Fair Value			Gross Amounts Offset in the Balance Sheet			Net Fair Value Presented on the Balance Sheet
	(in thousands)
Assets:
Commodity Contracts	Current assets	$	39,116		$	(9,172	)	$	29,945
Commodity Contracts	Non-current assets	9,301			(1,020		)	8,282
Liabilities:
Commodity Contracts	Current liabilities	(16,581		)	9,172			(7,409		)
Commodity Contracts	Non-current liabilities	(1,226		)	1,020			(206		)
Total derivatives		$	30,611		$	—		$	30,611



	December 31, 2018
	Balance Sheet Classification	Gross Amounts Recognized at Fair Value			Gross Amounts Offset in the Balance Sheet			Net Fair Value Presented on the Balance Sheet
	(in thousands)
Assets:
Commodity Contracts	Current assets	$	89,981		$	(1,385	)	$	88,596
Commodity Contracts	Non-current assets	3,289			—			3,289
Liabilities:
Commodity Contracts	Current liabilities	(1,385		)	1,385			—
Total derivatives		$	91,885		$	—		$	91,885

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details

Supplemental Disclosures to the Financial Statements (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other Current Assets

Other current assets reported on the condensed consolidated balance sheets included the following:



	June 30, 2019		December 31, 2018
	(in thousands)
Prepaid expenses	$	7,382	$	4,656
Materials and supplies	10,909		5,461
Inventories	3,717		4,012
Other	243		238
Total	$	22,250	$	14,367

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses on the condensed consolidated balance sheets included the following:



	June 30, 2019		December 31, 2018
	(in thousands)
Accounts payable-trade	$	20,693	$	13,564
Accrued expenses	52,070		66,417
Royalties payable	16,160		26,189
Taxes other than income tax liability	8,526		10,766
Accrued interest	10,516		10,500
Dividends payable	10,112		9,992
Asset retirement obligation - current portion	8,927		6,372
Other	106		318
Accounts payable and accrued expenses - total	$	127,110	$	144,118

Supplemental Disclosures to the Statements of Cash Flows

Supplemental disclosures to the condensed consolidated statements of cash flows are presented below:



	Six Months Ended June 30,
	2019		2018
	(in thousands)
Supplemental Disclosures of Significant Non-Cash Investing Activities:
(Increase) decrease in accrued liabilities related to purchases of property and equipment	$	3,938	$	8,614
Supplemental Disclosures of Cash Payments (Receipts):
Interest, net of amounts capitalized	$	15,272	$	3,298
Reorganization items, net	$	—	$	1,352



	Six Months Ended June 30,
	2019		2018
	(in thousands)
Beginning of Period
Cash and cash equivalents	$	68,680	$	33,905
Restricted cash	—		34,833
Cash, cash equivalents and restricted cash	$	68,680	$	68,738

Ending of Period
Cash and cash equivalents	$	227	$	3,600
Restricted cash	—		19,710
Cash, cash equivalents and restricted cash	$	227	$	23,310

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share



	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019			2018
	(in thousands except per share amounts)
Basic EPS calculation
Net income (loss)	$	31,972	$	(28,061	)	$	(2,126	)	(21,651		)
less: Series A Preferred Stock dividends and conversion to common stock	—		(5,650		)	—			(11,301		)
Net income (loss) attributable to common stockholders	$	31,972	$	(33,711	)	$	(2,126	)	$	(32,952	)
Weighted-average shares of common stock outstanding	81,519		35,873			82,061			37,224
Basic earnings (loss) per share⁽²⁾	$	0.39	$	(0.94	)	$	(0.03	)	$	(0.89	)
Diluted EPS calculation
Net income (loss)	$	31,972	$	(28,061	)	$	(2,126	)	$	(21,651	)
less: Series A Preferred Stock dividends and conversion to common stock	—		(5,650		)	—			(11,301		)
Net income (loss) attributable to common stockholders	$	31,972	$	(33,711	)	$	(2,126	)	$	(32,952	)
Weighted-average shares of common stock outstanding	81,519		35,873			82,061			37,224
Dilutive effect of potentially dilutive securities⁽¹⁾	164		—			—			—
Weighted-average common shares outstanding - diluted	81,683		35,873			82,061			37,224
Diluted earnings (loss) per share⁽²⁾	$	0.39	$	(0.94	)	$	(0.03	)	$	(0.89	)

__________


(1)	No potentially dilutive securities were included in computing earnings (loss) per share for the six months ended June 30, 2019 and the three and six months ended June 30, 2018, because the effect of inclusion would have been anti-dilutive.

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

As a result of adoption of this standard, we are now required to disclose the following information regarding revenue from contracts with customers on a disaggregated basis.



	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019			2018
	(in thousands)
Oil sales	$	132,165	$	130,464		$	255,616		$	248,367
Natural gas sales	4,086		5,400			10,800			11,963
Natural gas liquids sales	657		1,521			1,594			2,680
Electricity sales	5,364		5,971			15,093			11,423
Marketing revenues	414		518			1,244			1,302
Revenues from contracts with customers	142,686		143,874			284,347			275,735
Gains (losses) on oil derivatives	27,276		(78,143		)	(37,963		)	(112,787		)
Other revenues	104		251			221			317
Total revenues and other	$	170,066	$	65,982		$	246,605		$	163,265

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-Term Debt - Principal Amount	$ 405,200	$ 400,000
Less: Debt Issuance Costs	(7,885)	(8,214)
Long-Term Debt, net	397,315	391,786
RBL Facility \| Line of credit
Debt Instrument [Line Items]
Long-Term Debt - Principal Amount	$ 5,200	$ 0
Variable rate	6.25%	4.50%
Security	85.00%
2026 Senior Unsecured Notes \| Senior notes
Debt Instrument [Line Items]
Long-Term Debt - Principal Amount	$ 400,000	$ 400,000
Interest Rate	7.00%

Debt - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
Debt - Narrative (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Apr. 30, 2019	Dec. 31, 2018	Jul. 31, 2017
Debt Instrument [Line Items]
Debt issuance costs for the 2026 Senior Unsecured Notes	$ 7,885,000		$ 7,885,000			$ 8,214,000
Amortization of debt issuance costs			2,517,000	$ 2,651,000
Interest Expense
Debt Instrument [Line Items]
Amortization of debt issuance costs	1,000,000	$ 1,000,000	3,000,000	$ 3,000,000
RBL Facility
Debt Instrument [Line Items]
Debt issuance costs for the RBL Facility	13,000,000		13,000,000			16,000,000
RBL Facility \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 1,500,000,000.0
Borrowing base					$ 750,000,000
Elected commitment feature to increase borrowing base					$ 400,000,000
Available borrowing capacity	386,000,000		386,000,000
Letters of credit outstanding	9,000,000		9,000,000			7,000,000
2026 Senior Unsecured Notes \| Medium-term notes
Debt Instrument [Line Items]
Fair value of debt	$ 388,000,000		$ 388,000,000			$ 368,000,000

Derivatives - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Derivatives - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Target period to cover operating expenses and fixed charges (up to)		2 years
Target period for fixing the price natural gas purchases used in steam operations (up to)		2 years
Payment of deferred premiums	$ 4	$ 19
Deferred premiums, remaining		$ 2

Derivatives - Derivative Transactions Resulting in Hedged Gas Contracts Outstanding (Details) - Scenario, Forecast MMBTU in Thousands, MBbls in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2019 MMBTU $ / bbl $ / MMBtu MBbls	Sep. 30, 2019 MMBTU $ / bbl $ / MMBtu MBbls	Dec. 31, 2020 MMBTU $ / bbl $ / MMBtu MBbls
Sold Oil Calls Options (Brent)
Derivative [Line Items]
Hedged volume (MBbls) \| MBbls	92	92	0
Weighted-average price ($/Bbl) \| $ / bbl	81.00	81.00	0.00
Purchased Oil Put Options (Brent)
Derivative [Line Items]
Hedged volume (MBbls) \| MBbls	460	460	0
Weighted-average price ($/Bbl) \| $ / bbl	50.00	50.00	0.00
Fixed Price Oil Swaps (Brent)
Derivative [Line Items]
Hedged volume (MBbls) \| MBbls	1,380	1,472	4,392
Weighted-average price ($/Bbl) \| $ / bbl	72.21	72.64	65.70
Fixed Price Oil Swaps (WTI)
Derivative [Line Items]
Hedged volume (MBbls) \| MBbls	92	92	121
Weighted-average price ($/Bbl) \| $ / bbl	61.75	61.75	61.75
Brent-WTI Oil Basis Swaps
Derivative [Line Items]
Hedged volume (MBbls) \| MBbls	46	46	0
Weighted-average price ($/Bbl) \| $ / bbl	1.29	1.29	0.00
Fixed Price Gas Purchase Swaps (Kern, Delivered)
Derivative [Line Items]
Weighted-average price ($/Bbl) \| $ / MMBtu	2.95	2.91	2.98
Hedged volume (MMBtu) \| MMBTU	4,295	4,600	13,725
Fixed Price Gas Purchase Swaps (SoCal Citygate)
Derivative [Line Items]
Weighted-average price ($/Bbl) \| $ / MMBtu	3.80	3.80	3.80
Hedged volume (MMBtu) \| MMBTU	460	460	1,525

Derivatives - Fair Values (Gross and Net) of Outstanding Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Liabilities:
Total derivatives	$ 30,611	$ 91,885
Commodity Contracts \| Current assets
Assets:
Gross Amounts Recognized at Fair Value	39,116	89,981
Gross Amounts Offset in the Balance Sheet	(9,172)	(1,385)
Net Fair Value Presented on the Balance Sheet	29,945	88,596
Commodity Contracts \| Non-current assets
Assets:
Gross Amounts Recognized at Fair Value	9,301	3,289
Gross Amounts Offset in the Balance Sheet	(1,020)	0
Net Fair Value Presented on the Balance Sheet	8,282	3,289
Commodity Contracts \| Current liabilities
Liabilities:
Gross Amounts Recognized at Fair Value	(16,581)	(1,385)
Gross Amounts Offset in the Balance Sheet	9,172	1,385
Net Fair Value Presented on the Balance Sheet	(7,409)	$ 0
Commodity Contracts \| Non-current liabilities
Liabilities:
Gross Amounts Recognized at Fair Value	(1,226)
Gross Amounts Offset in the Balance Sheet	1,020
Net Fair Value Presented on the Balance Sheet	$ (206)

Lawsuits, Claims, Commitments and Contingencies - Narrative (Details) $ in Millions	Jun. 30, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating leases, total future commitment	$ 11
Operating lease, term of contract	8 years

Equity - Narrative (Details) - USD ($)	1 Months Ended		3 Months Ended			6 Months Ended	7 Months Ended
Equity - Narrative (Details) - USD ($)	Jul. 31, 2019	Mar. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends declared (in dollars per share)				$ 0.12	$ 0.12
Authorized amount of repurchases								$ 100,000,000
Authorized current repurchases								$ 50,000,000
Number of shares repurchased (in shares)				1,000,000		3,200,162
Average price of shares repurchased (in dollars per share)				$ 10.90		$ 11.02
Price of shares repurchased				$ 10,897,000	$ 24,375,000	$ 35,000,000	$ 39,000,000
Shares repurchased under the program (in shares)				3,648,823		3,648,823	3,648,823
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)		706,314
Vesting period		3 years
Performance-based Restricted Stock Units (PRSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)		553,902
Restricted Stock Units (RSUs) and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares granted in period		$ 16,000,000
Minimum \| Performance-based Restricted Stock Units (PRSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		2 years
Vesting rights percentage		0.00%
Maximum \| Performance-based Restricted Stock Units (PRSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Vesting rights percentage		200.00%
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends paid (in dollars per share)	$ 0.12
Scenario, Forecast \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends declared (in dollars per share)			$ 0.12

Supplemental Disclosures to the Financial Statements - Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 7,382	$ 4,656
Materials and supplies	10,909	5,461
Inventories	3,717	4,012
Other	243	238
Total	$ 22,250	$ 14,367

Supplemental Disclosures to the Financial Statements - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred financing costs, net of amortization	$ 13	$ 16
Asset retirement obligation, noncurrent, estimate increase	18
Asset retirement obligation, new wells	2
Asset retirement obligation, accretion expense	3
Asset retirement obligation, liabilities settled	8
Asset retirement obligation, current, estimate increase	3
Greenhouse gas liabilities, non-current	$ 25	$ 15

Supplemental Disclosures to the Financial Statements - Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable-trade	$ 20,693	$ 13,564
Accrued expenses	52,070	66,417
Royalties payable	16,160	26,189
Taxes other than income tax liability	8,526	10,766
Accrued interest	10,516	10,500
Dividends payable	10,112	9,992
Asset retirement obligation - current portion	8,927	6,372
Other	106	318
Accounts payable and accrued expenses - total	$ 127,110	$ 144,118

Supplemental Disclosures to the Financial Statements - Supplemental Disclosures to the Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Disclosures of Significant Non-Cash Investing Activities:
(Increase) decrease in accrued liabilities related to purchases of property and equipment	$ 3,938	$ 8,614
Supplemental Disclosures of Cash Payments (Receipts):
Interest, net of amounts capitalized	15,272	3,298
Reorganization items, net	$ 0	$ 1,352

Supplemental Disclosures to the Financial Statements - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 227	$ 68,680	$ 3,600	$ 33,905
Restricted cash	0	0	19,710	34,833
Cash, cash equivalents and restricted cash	$ 227	$ 68,680	$ 23,310	$ 68,738

Earnings Per Share - Narrative (Details) - shares		3 Months Ended		6 Months Ended
Earnings Per Share - Narrative (Details) - shares	Feb. 28, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Feb. 28, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average shares of common stock outstanding (in shares)		81,519,000	35,873,000	82,061,000	37,224,000
Common stock reserved to settle claims of unsecured creditors (in shares)				7,080,000
Shares issued to settle claims (in shares)						2,770,000
Incremental common shares attributable to dilutive effect of preferred stock (in shares)		0	0	0
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)		164,000	0	0	0
Performance-based Restricted Stock Units (PRSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)		0	0	0	0
Common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, issued (in shares)	32,920,000

Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 31,972	$ (34,098)	$ (28,061)	$ 6,410	$ (2,126)	$ (21,651)
less: Series A Preferred Stock dividends and conversion to common stock	0		(5,650)		0	(11,301)
Net income (loss) attributable to common stockholders	$ 31,972		$ (33,711)		$ (2,126)	$ (32,952)
Weighted-average shares of common stock outstanding (in shares)	81,519,000		35,873,000		82,061,000	37,224,000
Basic earnings (loss) per share (in dollars per share)	$ 0.39		$ (0.94)		$ (0.03)	$ (0.89)
Dilutive effect of potentially dilutive securities (in shares)	164,000		0		0	0
Weighted-average common shares outstanding-diluted (in shares)	81,683,000		35,873,000		82,061,000	37,224,000
Diluted earnings (loss) per share (in dollars per share)	$ 0.39		$ (0.94)		$ (0.03)	$ (0.89)
Potentially dilutive securities (in shares)			0		0	0

Revenue Recognition - Narrative (Details)	6 Months Ended
Revenue Recognition - Narrative (Details)	Jun. 30, 2019 utlity_company cogeneration_facility
Revenue from Contract with Customer [Abstract]
Payment term (within)	30 days
Number of cogeneration facilities selling majority of electric output not used in operations \| cogeneration_facility	3
Number of utility companies under long term contract to buy electrical output \| utlity_company	2

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues and other	$ 142,686	$ 143,874	$ 284,347	$ 275,735
Gains (losses) on oil derivatives			(45,297)	(112,787)
Other revenues	104	251	221	317
Total revenues and other	170,066	65,982	246,605	163,265
Oil sales
Disaggregation of Revenue [Line Items]
Revenues and other	132,165	130,464	255,616	248,367
Natural gas sales
Disaggregation of Revenue [Line Items]
Revenues and other	4,086	5,400	10,800	11,963
Gains (losses) on oil derivatives	(9,449)	0	(7,334)	0
Natural gas liquids sales
Disaggregation of Revenue [Line Items]
Revenues and other	657	1,521	1,594	2,680
Electricity sales
Disaggregation of Revenue [Line Items]
Revenues and other	5,364	5,971	15,093	11,423
Marketing revenues
Disaggregation of Revenue [Line Items]
Revenues and other	414	518	1,244	1,302
Oil
Disaggregation of Revenue [Line Items]
Gains (losses) on oil derivatives	$ 27,276	$ (78,143)	$ (37,963)	$ (112,787)

Label	Element	Value
Stock Issued During Period, Shares, Treasury Stock Reissued	us-gaap_StockIssuedDuringPeriodSharesTreasuryStockReissued	0
Payments For Repurchase Of Common Stock, Subject To Claims	bry_PaymentsForRepurchaseOfCommonStockSubjectToClaims	$ 20,000,000