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Callon Switching to One-Rig Program for 2016; Details 4Q Results
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Callon Petroleum Company reported results of operations for the three and twelve month periods ended December 31, 2015.
Highlights: Net daily production of 10,598 barrels of oil equivalent per day ("BOE/d"), an increase of 9% compared to the third quarter of 2015, comprised of 80% oil volume Lease operating expense, including workovers, of $6.47 per barrel of oil equivalent ("BOE"), a decrease of 19% from the third quarter of 2015 Adjusted EBITDA, a non-GAAP financial measure(i), of $31.8 million, representing a margin of approximately 73% of Adjusted Total Revenues, a non-GAAP financial measure(i) Adjusted Income available to common shareholders, a non-GAAP financial measure(i), of $0.05 per diluted share based on total average diluted shares outstanding of 73.0 million…- ✓ Full news archive — U.S., Canada & international coverage
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