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, 2024. No such payments were made to any foreign government during the period covered by this report.
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(in USD and in thousands) | | | | | | | | | | | For the Year Ended December 31, 2024 |
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 |
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United States | | N/A | | (1) | | N/A | | US Treasury | | | | E&P | | | $ | 1,565 | | | $ | — | | | $ | — | | | | | | | | | | | | | $ | 1,565 | |
United States | | California | | Oil | | Well | | Office of Natural Resources Revenue | | | | E&P | | | — | | | 17,611 | | | 124 | | | | | | | | | | | | | 17,735 | |
United States | | Utah | | Oil and natural gas | | Well | | Office of Natural Resources Revenue | | | | E&P | | | — | | | 2,249 | | | 16 | | | | | | | | | | | | | 2,265 | |
United States | | Utah | | Oil and natural gas | | Well | | Bureau of Land Management | | | | E&P | | | — | | | — | | | 188 | | | | | | | | | | | | | 188 | |
Total | | | | | | | | | | | | | | | $ | 1,565 | | | $ | 19,860 | | | $ | 328 | | | | | | | | | | | | | $ | 21,753 | |
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(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.