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BAKERSFIELD, Calif. -- Berry Petroleum Company (NYSE:BRY) announced that it has completed the acquisition of a 50% working interest in natural gas assets in the Grand Valley field in the Piceance Basin of western Colorado for approximately $159 million. The purchase was funded under the Company's existing credit facility. Berry will be the operator and own a 50% working interest in 6,314 gross acres targeting gas in the Williams Fork section of the Mesaverde formation.
Current daily production, net to...
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