Brief: Berry Corp Reduces Expenses By Lowering Its RBL Facility To $200 Mln And Increases Its 2021 Crude Oil Hedge Position

Berry (Bry)

26/06/2020 23:19

June 26 (Reuters) - Berry Corporation (Bry)  BRY.O :
    * BERRY CORPORATION (BRY) REDUCES EXPENSES BY LOWERING ITS
RESERVE
BASED LENDING (RBL) FACILITY TO $200 MILLION AND INCREASES ITS
2021 CRUDE OIL HEDGE POSITION
    * BERRY CORP - ADDED TO ITS 2021 HEDGING PORTFOLIO, WHICH
NOW HAS
MORE THAN 14,300 BARRELS PER DAY HEDGED AT ROUGHLY $46 BRENT FOR
H1 2021
    * BERRY CORP - ADDED TO ITS 2021 HEDGING PORTFOLIO, WHICH
NOW HAS
MORE THAN 11,300 BARRELS PER DAY HEDGED AT $46 BRENT FOR H2 OF
2021

Source text for Eikon:  ID:nGNX4KwKtW 
Further company coverage:  BRY.O 

 (Reuters.Briefs@thomsonreuters.com)