Berry Petroleum (BRY +2.6%) reports production averaged 39.5K boe/day in Q4 and 36.4K boe/day...
Berry Petroleum (BRY +2.6%) reports production averaged 39.5K boe/day in Q4 and 36.4K boe/day for full-year 2012; expects year-end 2012 reserves of 276M boe. Plans a 2013 capital budget of $500M-$600M, which will continue to be invested in oil assets, and anticipates funding capex from internally generated cash flow. Reaffirms 10%-15% expected growth in 2013 oil production.
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