XML 53 R35.htm IDEA: XBRL DOCUMENT
v3.22.4

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table represents selected financial information for the periods presented regarding the Company's business segments on a stand-alone basis and the consolidation and elimination entries necessary to arrive at the financial information for the Company on a consolidated basis.
| Year Ended December 31, 2022
| E&P |  | Well Servicing and Abandonment |  | Corporate/Eliminations |  | Consolidated Company
| (in thousands)
Revenues(1) | $ | 874,190 |  |  | $ | 184,448 |  |  | $ | (3,188) |  |  | $ | 1,055,450 |
Net income (loss) before income taxes | $ | 303,178 |  |  | $ | 14,747 |  |  | $ | (110,193) |  |  | $ | 207,732 |
Adjusted EBITDA | $ | 411,811 |  |  | $ | 26,113 |  |  | $ | (57,976) |  |  | $ | 379,948 |
Capital expenditures | $ | 141,930 |  |  | $ | 8,455 |  |  | $ | 2,536 |  |  | $ | 152,921 |
Total assets | $ | 1,563,251 |  |  | $ | 83,461 |  |  | $ | (15,682) |  |  | $ | 1,631,030 |
| Year Ended December 31, 2021
| E&P |  | Well Servicing and Abandonment |  | Corporate/Eliminations |  | Consolidated Company
| (in thousands)
Revenues(1) | $ | 665,509 |  |  | $ | 35,840 |  |  | $ | — |  |  | $ | 701,349 |
Net income (loss) before income taxes | $ | 82,826 |  |  | $ | 1 |  |  | $ | (96,956) |  |  | $ | (14,129) |
Adjusted EBITDA | $ | 251,146 |  |  | $ | 4,310 |  |  | $ | (43,310) |  |  | $ | 212,146 |
Capital expenditures | $ | 129,479 |  |  | $ | 1,029 |  |  | $ | 2,211 |  |  | $ | 132,719 |
Total assets | $ | 1,450,157 |  |  | $ | 81,093 |  |  | $ | (74,771) |  |  | $ | 1,456,479 |
__________ (1) These revenues do not include hedge settlements.
Adjusted EBITDA Reconciliation |
| Year Ended December 31, 2022
|  |  | Well Servicing and Abandonment |  | Corporate/Eliminations |  | Consolidated Company
| (in thousands)
Adjusted EBITDA reconciliation to net income (loss): |  |  |  |  |  |  |
Net income (loss) | $ | 303,178 |  |  | $ | 14,747 |  |  | $ | (67,757) |  |  | $ | 250,168 |
Add (Subtract): |  |  |  |  |  |  |
Interest expense | — |  |  | 23 |  |  | 30,894 |  |  | 30,917 |
Income tax benefit | — |  |  | — |  |  | (42,436) |  |  | (42,436) |
Depreciation, depletion, and amortization | 139,886 |  |  | 12,548 |  |  | 4,413 |  |  | 156,847 |
Losses on derivatives | 48,314 |  |  | — |  |  | — |  |  | 48,314 |
Net cash paid for scheduled derivative settlements | (88,023) |  |  | — |  |  | — |  |  | (88,023) |
Other operating expenses (income) | 3,827 |  |  | (1,690) |  |  | 1,585 |  |  | 3,722 |
Stock compensation expense | 1,361 |  |  | 287 |  |  | 15,325 |  |  | 16,973 |
Non-recurring costs(1) | 3,268 |  |  | 198 |  |  | — |  |  | 3,466 |
Adjusted EBITDA | $ | 411,811 |  |  | $ | 26,113 |  |  | $ | (57,976) |  |  | $ | 379,948 |
__________ (1) Non-recurring costs include legal and professional service expenses related to acquisition and divestiture activity for the first quarter of 2022 and the executive transition costs in the fourth quarter of 2022.
| Year Ended December 31, 2021
| E&P |  | Well Servicing and Abandonment |  | Corporate/Eliminations |  | Consolidated Company
| (in thousands)
Adjusted EBITDA reconciliation to net income (loss): |  |  |  |  |  |  |
Net income (loss) | $ | 82,825 |  |  | $ | 1 |  |  | $ | (98,368) |  |  | $ | (15,542) |
Add (Subtract): |  |  |  |  |  |  |
Interest expense | — |  |  | — |  |  | 31,964 |  |  | 31,964 |
Income tax expense | — |  |  | — |  |  | 1,413 |  |  | 1,413 |
Depreciation, depletion, and amortization | 136,915 |  |  | 2,974 |  |  | 4,606 |  |  | 144,495 |
Losses on derivatives | 117,822 |  |  | — |  |  | — |  |  | 117,822 |
Net cash paid for scheduled derivative settlements | (87,625) |  |  | — |  |  | — |  |  | (87,625) |
Other operating expenses | 109 |  |  | — |  |  | 2,992 |  |  | 3,101 |
Stock compensation expense | 1,100 |  |  | — |  |  | 12,683 |  |  | 13,783 |
Non-recurring costs(1) | — |  |  | 1,335 |  |  | 1,400 |  |  | 2,735 |
Adjusted EBITDA | $ | 251,146 |  |  | $ | 4,310 |  |  | $ | (43,310) |  |  | $ | 212,146 |
__________ (1) Non-recurring costs include legal and professional service expenses related to acquisition and divestiture activity for the fourth quarter of 2021.

X
- Definition Adjusted EBITDA Reconciliation + References No definition available. + Details
Name: | bry_AdjustedEBITDAReconciliationTableTextBlock
Namespace Prefix: | bry_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration