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): April 28, 2006 (April 28, 2006)
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 7.01 Regulation
FD
On April
28, 2006, Berry
Petroleum Company announced in a news release that the
Company had increased its credit facility to $750
million.
The
information in this Current Report on Form 8-K and Exhibit 99.1 is being
furnished and shall not be deemed "filed" for the purposes of Section
18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to
the
liabilities of that Section.
Item
9.01 Financial Statements and Exhibits
(c)
Exhibits
99.1
- News Release by Berry Petroleum Company dated April 28, 2006, titled
"Berry Petroleum Increases Credit Facility to $750 Million" announcing
the
Registrant's amended credit facility.
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: April
28, 2006
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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
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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 INCREASES CREDIT FACILITY TO $750 MILLION
Bakersfield,
CA - April 28, 2006
- Berry
Petroleum Company (NYSE:BRY) has increased its credit facility from $500
million
to $750 million and increased its current borrowing base under the facility
from
$350 million to $500 million. Terms of the five-year unsecured credit facility
are substantially similar, and in certain instances, more favorable to
the
Company compared to the previous credit facility.
Ralph
Goehring, executive vice president and chief financial officer, stated
“Our
stable production base and existing hedge position allow us to increase
our
borrowing capacity so that we can continue to grow the Company through
acquisitions. Over the last few years we have made several sizable acquisitions
and, including our recent Piceance Basin, CO acquisition, our outstanding
debt
under the facility at March 31, 2006 was approximately $250
million.”
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 that involve risks and uncertainties. Please
refer to
PART
1,
Item
IA. Risk Factors
of
Berry’s Form 10-K filed with the Securities and Exchange Commission for a
complete discussion of these risks.
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