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) July 14, 2003
Berry Petroleum Company
(Exact name of registrant as specified in its charter)
Delaware 1-9735 77-0079387
(State or other (Commission IRS Employer
jurisdiction of File Number) Identification No.
incorporation)
5201 Truxtun Avenue, Suite 300 Bakersfield, CA 93309
(Address of principal executive offices)
Registrant's telephone number, including area code (661) 616-3900
N/A
(Former name or former address, if changed since last report)
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Item 9. Regulation FD Disclosure
On July 14, 2003, Berry Petroleum Company, a Delaware
corporation, issued a press release, a copy of which is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibits
99.1 Press Release of Berry Petroleum Company dated
July 14, 2003.
SIGNATURE
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 thereunto duly authorized.
BERRY PETROLEUM COMPANY
By /s/ Kenneth A. Olson
Name: Kenneth A. Olson
Title: Corporate Secretary
and Treasurer
July 14, 2003
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News Release
Berry Petroleum Company Phone (661) 616-3900
5201 Truxtun Avenue, Suite 300 E-mail: ir@bry.com
Bakersfield, California 93309-0640
Internet:www.bry.com NYSE:BRY
Contacts: Jerry V. Hoffman, Chairman, President & CEO
Ralph J. Goehring, Senior Vice President & CFO
BERRY PETROLEUM COMPLETES NEW
$200 MILLION UNSECURED CREDIT FACILITY
Bakersfield, California, July 14, 2003 - Berry Petroleum
Company (NYSE:BRY) announced the successful completion of a $200
million unsecured three-year credit facility arranged and managed
by Wells Fargo Bank. Bank of America acted as Co-Lead Arranger
with Union Bank of California, Fleet National Bank and BNP
Paribas in various Agent roles. Other participating banks include
Bank of Scotland, Comerica Bank, Citibank(West), MidFirst Bank
and Societe Generale. The new credit facility recognizes Berry's
strong financial profile and replaces the previous $150 million
facility which was due to mature in January 2004.
Ralph J. Goehring, Senior Vice President and Chief Financial
Officer, commented, "This new credit facility provides us with
significant low-cost capital to expand our business, primarily
through acquisitions. Our initial borrowings are only $15
million, although we anticipate an additional borrowing of
approximately $40 million to close on our previously announced
Brundage Canyon acquisition in the Uinta Basin of Utah. This
available capital, combined with our solid balance sheet and long-
lived and consistent producing assets, positions Berry to achieve
its growth targets. We are also very pleased with the expanded
strength and depth of our bank group, as each bank is a
significant energy lender. We look forward to their contributions
to our future success."
Berry Petroleum Company is an independent oil and gas
production and exploitation company headquartered in Bakersfield,
California.
"Safe harbor under the Private Securities Litigation Reform Act
of 1995:" This release may contain descriptions of the Company's
expectations regarding future business activities. These forward-
looking statements are made in reliance upon safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. Accordingly, actual results may differ materially from
those contemplated by the forward-looking statements.
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