# EDGAR Filing Document

**Accession Number:** 0001705873
**File Stem:** 0000000000-25-007851
**Filing Date:** 2025-7
**Character Count:** 6589
**Document Hash:** 685430f45e8b50378d5ff22c92e9c031
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007851.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0000000000-25-007851

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250725

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Berry Corp (bry)
- **CENTRAL INDEX KEY:** 0001705873
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 815410470
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-38606

**BUSINESS ADDRESS:**
- **STREET 1:** 16000 N. DALLAS PARKWAY, SUITE 500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248
- **BUSINESS PHONE:** 214-453-2920

**MAIL ADDRESS:**
- **STREET 1:** 16000 N. DALLAS PARKWAY, SUITE 500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Berry Petroleum Corp
- **DATE OF NAME CHANGE:** 20170504
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001705873-25-000018

## Text-Extract

```

                                                           July 25, 2025

Jeffrey Magids
Vice President and Chief Financial Officer
Berry Corp (bry)
16000 Dallas Parkway, Suite 500
Dallas, Texas 75248

       Re: Berry Corp (bry)
           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 filing and have the following comment(s).

       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.

Form 10-K for Fiscal Year Ended December 31, 2024
Business and Properties
Production Data, page 10

1.     Please expand the disclosure of your average daily production to
additionally provide
       the average sales prices, net production quantities by final product
sold, and average
       production costs per unit of production, for each of the last three
fiscal years to
       comply with Item 1204 of Regulation S-K.
Proved Undeveloped Reserves Changes, page 15

2.     We note disclosure provided in Form 10-K for the fiscal years ending
December 31,
       2024, 2023, 2022, 2021 and 2020 indicates you converted approximately
9%, 2%,
       6%, 13% and 0%, respectively, of the opening balance of your proved
undeveloped
       reserves during each of those periods.

       We also note that you have removed material amounts of previously
disclosed proved
       undeveloped reserves during each of the last three fiscal years due to
changes in your
 July 25, 2025
Page 2

       five-year development plan and that based on your fiscal 2024 conversion
rate, it will
       take over eleven years to convert the proved undeveloped reserves
disclosed as of
       December 31, 2024.

       Please tell us how you have taken into consideration your low historical
conversion
       rates and the ongoing changes in your development plans in adopting a
development
       plan that results in the conversion of the 45.6 MMBoe of proved
undeveloped reserves
       as of December 31, 2024 within five years of initial disclosure of such
reserves. Refer
       to Rule 4-10(a)(31)(ii) of Regulation S-X and the Question 131.04 in the
Compliance
       and Disclosure Interpretations (C&DIs) regarding Oil and Gas Rules.
3.     Please provide us with the development schedule relating to your proved
undeveloped
       reserves as of December 31, 2024, including details that show for each
future annual
       period, (1) the number of gross wells to be drilled, (2) the associated
net quantities of
       reserves, (3) the estimated capital expenditures necessary to convert
such reserves to
       developed reserves, and (4) any changes made or expected to be made in
the schedule
       that would deviate from the definition in Rule 4-10(a)(31)(ii) of
Regulation S-X.
Participation in Wells Being Drilled, page 20

4.     Please expand the disclosure of your present activities to include the
number of gross
       and net operated and non-operated wells in the process of being drilled,
completed, or
       waiting on completion, and any other related activities of material
importance as of
       December 31, 2024 to comply with Item 1206 of Regulation S-K.
Drilling Activity, page 20

5.     Please expand the disclosure of drilling activities that occurred during
each of the last
       three fiscal years to include wells drilled by operators other than you
to comply with
       Item 1205 of Regulation S-K.
Supplemental Oil & Natural Gas Data (Unaudited)
Standardized Measure of Discounted Future Net Cash Flows, page 162

6.     We note the future production costs used in the calculation of the
standardized
       measure of discounted future net cash flows for the year ended December
31, 2024
       excludes the $263.3 million dollar expense line item shown in Exhibit
99.1 relating to
       payments made by the Company to the State of California to comply with
the
       California Air Resources Board   s Cap-and-Trade Program. As a result,
the
       undiscounted pre-tax future net income in the filing is $263.3 million
or 7.7% higher
       than the comparable figure in Exhibit 99.1. Please review and revise if
necessary, here
       and elsewhere in your filing, to resolve the inconsistency or expand
your disclosure to
       explain your rationale for omitting the payments to the State of
California. Refer to
       the disclosure requirements in FASB ASC 932-235-50-36.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.
 July 25, 2025
Page 3

       Please contact John Hodgin at 202-551-3699 if you have questions
regarding the
engineering comments. Please contact Craig Arakawa, Branch Chief, at
202-551-3650 with
any other questions.

                                                        Sincerely,

                                                        Division of Corporation
Finance
                                                        Office of Energy &
Transportation

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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