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Callon IDs 2016 Budget; Spraberry, Wolfcamp Well Plans
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Callon Petroleum Company announced its outlook for 2016 activity and an operational update, including revised fourth quarter 2015 guidance estimates and proved reserve estimates for the year ended December 31, 2015.
2016 Outlook - Key Points: 19 gross (13.7 net) operated horizontal wells scheduled to be placed on production, all in the Central Midland Basin 17 gross (12.6 net) operated wells target the Lower Spraberry shale and two gross (1.1 net) wells targeting the Wolfcamp B shale All wells completed from pads ranging from two to three wells 2 gross (0.4 net) non-operated horizontal wells scheduled to be placed on production 10,000' lateral wells that leverage Callon's existing acreage position Targeting the Lower Spraberry and Wolfcamp A in Midland County Operational capital…- ✓ Full news archive — U.S., Canada & international coverage
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