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Callon Petroleum Details 2020 Plans, Q4 Results

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Callon Petroleum Details 2020 Plans, Q4 Results

Callon Petroleum Co. reported results of operations for the three months and full-year ended December 31, 2019. All financial and operating results presented include Carrizo Oil & Gas, Inc. results from December 21 to December 31, 2019 unless otherwise noted.

2019 Highlights Full-year 2019 production of 41.3 Mboe/d (77% oil), an increase of 26% over 2018 volumes Year-end proved reserves of 540.0 MMboe (64% oil), a year-over-year increase of 126% Realized income available to common stockholders of $55.6 million, or $0.24 per diluted share, and adjusted net income(i) of $176.3 million or $0.76 per diluted share Generated an operating margin(i) of $35.60 per Boe reflecting our high level of oil volumes and lease operating expense reductions Generated Adjusted EBITDA(i) of $502.1…
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