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West Coast oil company Berry Petroleum files for a $100 million IPO

June 29, 2018

Berry Petroleum, a California-based onshore oil production company, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Bakersfield, CA-based company was founded in 1909 and booked $357 million in sales for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol BRY. Berry Petroleum filed confidentially on February 14, 2018. Goldman Sachs, Wells Fargo Securities and BMO Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.