Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM SD

Specialized Disclosure Report

Berry Corporation (bry)

(Exact name of registrant as specified in its charter)

  

Delaware			001-38606			81-5410470
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

16000 N. Dallas Parkway, Suite 500

Dallas, Texas 75248

(Address of Principal Executive Offices)

[phone]

(Registrant’s Telephone Number, Including Area Code) 

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information is in the form applies:

☐			Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.

☒			Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the reporting period from January 1 to December 31, 2023.

 

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SECTION 2 -			RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01			Resource Extraction Issuer Disclosure and Report

Disclosure of Payments by Resource Extraction Issuers

The specified payment disclosure required by this Form SD is included in Exhibit 99.1 to this Form SD.

SECTION 3 -			EXHIBITS

Item 3.01			Exhibits

The following exhibit is filed as part of this report.

Exhibit No.						Description
99.1						Disclosure of payments by resource extraction issuer for the fiscal year ended December 31, 2023.
2.01						Interactive Data File (Form SD for the year ended December 31, 2023 filed in XBRL).

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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 hereunto duly authorized.

									Berry Corporation (bry)
Dated: September 25, 2024			By:						/s/ Michael S. Helm
									Michael S. Helm
									Vice President, Chief Financial Officer and Chief Accounting Officer

Exhibit 99.1

Resource Extraction Payment Report

Berry Corporation (bry) (the “Company”) is reporting payments made by the Company, its subsidiaries and entities under the Company’s control to the United States Federal Government related to the commercial development of oil, natural gas or minerals during the fiscal year ended December 31, 2023. No such payments were made to any foreign government during the period covered by this report.

(in USD and in thousands)																																													For the Year Ended December 31, 2023
Country						State						Project						Method of extraction used in project						Government Entity												Business segment of the resource extraction issuer that made the payments									Taxes						Royalties						Fees																																				Totals
United States						N/A						(1)						N/A						US Treasury												E&P									$	650					$	—					$	—																																			$	650
United States						California						Oil						Well						Office of Natural Resources Revenue												E&P									—						19,027						97																																				19,124
United States						Utah						Oil and natural gas						Well						Office of Natural Resources Revenue												E&P									—						3,674						19																																				3,693
Total																																													$	650					$	22,701					$	116																																			$	23,467

____________________

(1)    The U.S. federal government levies income taxes at the Berry Corporation (bry) level rather than on a per project basis. Income tax payment information in the table above is presented at the Berry Corporation (bry) level.

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001705873
Registrant Name	Berry Corp (bry)
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($) $ in Thousands	Taxes	Royalties	Fees	Total Payments
Total	$ 650	$ 22,701	$ 116	$ 23,467

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Taxes	Royalties	Fees	Total Payments
Total	$ 650	$ 22,701	$ 116	$ 23,467
Oil - CA [Member]
Total		19,027	97	19,124
Oil and Natural Gas - UT [Member]
Total		$ 3,674	$ 19	$ 3,693

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Taxes	Royalties	Fees	Total Payments
Total	$ 650	$ 22,701	$ 116	$ 23,467
UNITED STATES
Total	650	22,701	116	23,467
UNITED STATES | US Treasury [Member]
Total	$ 650			650
UNITED STATES | Office of Natural Resources Revenue [Member]
Total		$ 22,701	$ 116	$ 22,817

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($) $ in Thousands	Amount	Type	Country	Subnat. Juris.	Govt.	Project	Resource	Segment	Ext. Method
#: 1
	$ 650	Taxes	UNITED STATES		US Treasury [Member]
#: 2
	19,027	Royalties	UNITED STATES	snj:US-CA	Office of Natural Resources Revenue [Member]	Oil - CA [Member]	Oil [Member]	E&P [Member]	Well
#: 3
	97	Fees	UNITED STATES	snj:US-CA	Office of Natural Resources Revenue [Member]	Oil - CA [Member]	Oil [Member]	E&P [Member]	Well
#: 4
	3,674	Royalties	UNITED STATES	snj:US-UT	Office of Natural Resources Revenue [Member]	Oil and Natural Gas - UT [Member]	Oil and Natural Gas [Member]	E&P [Member]	Well
#: 5
	$ 19	Fees	UNITED STATES	snj:US-UT	Office of Natural Resources Revenue [Member]	Oil and Natural Gas - UT [Member]	Oil and Natural Gas [Member]	E&P [Member]	Well

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