Berry Corporation: Increasing Focus On Utah Assets
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Berry Corporation is planning to allocate 40% of its 2025 capital expenditure to its Utah assets, which currently account for 19% of its total production and 12% of its oil production. This increased focus may lead to a rise in Utah's contribution to Berry's overall production.
February 20, 2025 | 4:15 am
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Berry Corporation is increasing its investment in Utah, dedicating 40% of its 2025 capex to these assets. This strategic move could enhance Utah's share in Berry's overall production, potentially boosting the company's output and market position.
The decision to allocate a significant portion of capex to Utah indicates a strategic focus on these assets, which could lead to increased production and potentially higher revenues. This is likely to positively impact Berry's stock price in the short term.
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