Drilling & Completions | Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update | Financial Results | Capital Markets | Drilling Program - Wells | Drilling Activity | Drilling Program
Callon Boosts Production by 23% in Q3; Doubles Completion Activity
Print
|
Callon Petroleum reported results of operations for the three months ended September 30, 2016.
Key Points:Q3 2016 Activity:
Operated 1.6 horizontal drilling rigs Drilled 8 gross (5.4 net) horizontal wells (up from 6 gross in Q2) Completed 11 gross (6.8 net) horizontal wells (up from 5 gross in Q2) Placed 7 gross (5.2 net) horizontal wells on production (up from 5 gross in Q2) Q3 production of 16,598 BOEPD (up 23% over Q2 2016)4Q Plans:
Highlights: Net daily production of 16,598 BOEPD, an increase of 23% compared to the second quarter of 2016 GAAP income per diluted common share of $0.14 and Adjusted Income per fully diluted common share, a non-GAAP financial measure(i), of $0.09 Closed the Plymouth Acquisition and related common stock financing, expanding our WildHorse area…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Third Quarter (3Q) Update News
Keystone Runs Steady as Blackrod Gas Link Nears Startup
Nov. 13, 2025 South Bow’s 3Q25 update was operationally focused: the Keystone Pipeline System maintained steady utilization while the company advanced integrity work tied to the MP-171 incident,…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
Civitas Resources Third Quarter 2022 Results
Civitas Resources, Inc. announced its third quarter 2022 financial and operating results. Third Quarter 2022 Highlights: Average daily sales volumes of 176.3 thousand barrels of oil equivalent per…
Murphy Oil Third Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the third quarter 2022. Murphy reported net income attributable to Murphy of $528 million, or $3.36 per diluted…
ConocoPhillips Third Quarter 2022 Results
ConocoPhillips reported its third quarter 2022 results. The company reported third-quarter 2022 earnings of $4.5 billion, or $3.55 per share, compared with third-quarter 2021 earnings of $2.4 billion,…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…