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Callon to Focus on Spraberry Drilling into 2016
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Callon Petroleum Company reported results of operations for the three and nine month periods ended September 30, 2015.
Key Points: In order to advance our goal of funding our drilling program with internally generated cash flows by mid-2016, we made the decision in August to modify our operational plans and focus our two horizontal drilling rigs on our Central Midland acreage. Callon currently has 78 gross (67.6 net) horizontal wells located in the Central and Southern Midland Basin, producing from five established zones, including a Middle Spraberry well placed on production in late October 2015. Callon dedicated its two horizontal rigs to the Carpe Diem and Casselman-Bohannon fields in early September and plans to operate both rigs on its Central Midland acreage through…- ✓ Full news archive — U.S., Canada & international coverage
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