Berry Corporation Achieves 20% Cost Savings on First Operated Uinta Basin Pad, Sees Strong Well Results and Eyes Cube Development Expansion

Reuters
2025/09/24
Berry Corporation Achieves 20% Cost Savings on First Operated Uinta Basin Pad, Sees Strong Well Results and Eyes Cube Development Expansion

Berry Corporation has completed its first operated pad in the Uinta Basin, Utah, where it holds 100,000 net acres. The pad features four three-mile horizontal wells targeting the oil-rich Uteland Butte formation. In total, Berry stimulated 255 stages, each with 600,000 pounds of sand and 13,000 barrels of water. The company achieved significant cost savings of $500,000 per well by using dual-fuel rigs, frac fleets, and by utilizing 50% produced water. The average well cost was $680 per lateral foot, marking a 20% reduction compared to Berry's six non-operated wells and other operators in the basin. Non-operated farm-in wells continue to exceed expectations, with estimated ultimate recoveries (EUR) of 55 to 60 barrels per lateral foot. The company noted that its first non-operated horizontal Uteland Butte well performed at or above pre-drill forecasts, while a second farm-in saw two wells achieve peak rates averaging 1,950 barrels of oil equivalent per day each. Following strong non-operated results and amid a recent industry ramp-up in Uinta horizontal drilling and $4.6 billion in industry transactions in 2024, Berry is accelerating its operated asset development. Looking ahead, the company plans to test additional formations, including the Castle Peak, which may present further upside due to thicker sandstone intervals on Berry's acreage. Berry's significant acreage position and historical development-anchored by 1,200 vertical wells-provide an extensive technical dataset for ongoing analysis and optimization in the basin.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Berry Corporation published the original content used to generate this news brief on September 24, 2025, and is solely responsible for the information contained therein.

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