SEC Comment Letter 0000000000-25-009334 to Berry Corp (bry) (CIK 0001705873)
Berry Corp (bry) (CIK 0001705873)
Date: Aug. 29, 2025 · CIK: 0001705873 · Accession: 0000000000-25-009334
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-38606
Letter
Re: Berry Corp Form 10-K for Fiscal Year Ended December 31, 2024 Filed March 13, 2025 File No. 001-38606 Dear Jeffrey Magids:
August 29, 2025
Jeffrey Magids Vice President and Chief Financial Officer Berry Corp 16000 Dallas Parkway, Suite 500 Dallas, Texas 75248
We have reviewed your August 21, 2025 response to our comment letter and have the following comment.
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 25, 2025 letter.
Form 10-K for the Fiscal Year Ended December 31, 2024 Supplemental Oil & Natural Gas Data (Unaudited) Standardized Measure of Discounted Future Net Cash Flows, page 162
1. We note your response to prior comment 6 and the proposed disclosure revisions to your future filings, beginning with the 2025 Form 10-K. Please expand the footnotes accompanying the presentation of the standardized measure to clarify and disclose the dollar amount of the expenses included in the future production costs line item relating to the CARB Program. Refer to the disclosure requirements in FASB ASC 932-235-50-36. August 29, 2025 Page 2
Please contact John Hodgin at 202-551-3699 if you have questions regarding the engineering comment. Please contact Craig Arakawa, Branch Chief, at 202-551-3650 with any other questions.
Sincerely,
Division of Corporation
Finance
Office of Energy &
Transportation
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> August 29, 2025 Jeffrey Magids Vice President and Chief Financial Officer Berry Corp 16000 Dallas Parkway, Suite 500 Dallas, Texas 75248 Re: Berry Corp Form 10-K for Fiscal Year Ended December 31, 2024 Filed March 13, 2025 File No. 001-38606 Dear Jeffrey Magids: We have reviewed your August 21, 2025 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 25, 2025 letter. Form 10-K for the Fiscal Year Ended December 31, 2024 Supplemental Oil & Natural Gas Data (Unaudited) Standardized Measure of Discounted Future Net Cash Flows, page 162 1. We note your response to prior comment 6 and the proposed disclosure revisions to your future filings, beginning with the 2025 Form 10-K. Please expand the footnotes accompanying the presentation of the standardized measure to clarify and disclose the dollar amount of the expenses included in the future production costs line item relating to the CARB Program. Refer to the disclosure requirements in FASB ASC 932-235-50-36. August 29, 2025 Page 2 Please contact John Hodgin at 202-551-3699 if you have questions regarding the engineering comment. Please contact Craig Arakawa, Branch Chief, at 202-551-3650 with any other questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation </TEXT> </DOCUMENT>