Operator · Cline Shale & Permian Basin
Callon Petroleum Co.
80 articles mentioning Callon Petroleum Co. · Page 2 of 4
Callon Petroleum First Quarter 2020 Results
Callon Petroleum Co. reported its Q1 2020 results. Recent Actions In response to the recent commodity price collapse and the global impact of the novel coronavirus pandemic (COVID-19), Callon has taken a number of steps to...
Callon Plans Reverse Stock Split; Cuts More Rigs, Frac Crews for 2020
Callon Petroleum Co. has reported several developments including updates to its 2020 rigs/frac crews, executive salary cuts and updated hedges. The company also announced it received notice that it is out of NYSE compliance, and is...
Callon Hires Debt Advisors as it Grapples with $3.0B Debt Load
Callon Petroleum Co. has hired debt advisors as it looks to restructure its considerable debt load, according to a report by Reuters. Currently, the company has logged over $3.0 billion in debt, a good chunk of...
Callon Lowers 2020 Capex Nearly 30%; Dropping from Nine Rigs to Five
Callon Petroleum Co. has revised its 2020 capital plans. Lowering 2020 capex to $700 to $725 million from $975 million, a decrease of 29% Reducing rig count of nine to five before the end of 2Q20...
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,...
Callon, Carrizo FInalize $3.2B Merger Deal
Callon Petroleum Co. has completed its acquisition of Carrizo Oil & Gas, Inc. Click here to access the deal in Shale Experts' M&A Database Callon Leadership Team Callon also announced the officer slate of the combined...
Callon Q3 Results; Production Down, G&A Down, Well Cost
Here is a quick read on Callon Petroleum's Q3 results. Highlights: Total Production down -6% sequentially (37,837 boe/d), but up +8% year over year Oil Mix stays steady at 80% LOE was down -8% sequentially and...
Callon Expects 7% Decline in Production for Q3 vs. Q2 2019
Callon Petroleum Co. reported a preliminary Q3 report on production, spending and other financials. Production Up YOY; Down 7% from Q2 2019 Callon expects production for the third quarter of 2019 to be between 37.5 and...
M&A Highlights: Q3 2019
M&A Highlights: Q3 2019 Deals Map For the first time in recent quarters, the MidCon region has dominated the deal count compared to other plays. This development is highlighted by two deals: Apache's exit of the...
Callon Remains 'Confident' in Carrizo Deal Despite Shareholder Pushback
Callon Petroleum Co. issued the following statement in response to the letter submitted by shareholder Paulson & Co. Inc.: "Callon maintains an open dialogue with all of our shareholders and welcomes constructive input toward the shared...
Callon Pressured to Ditch Carrizo Deal by Major Shareholder
Billionaire investor John Paulson and his hedge fund, Paulson & Co., is pushing Callon Petroleum to ditch its pending $3.2B acquisition of Carrizo Oil & Gas. The firm released a letter outlining its position, which asserts...
Here are the Operators Cutting Activity in 2H 2019
As Q2 reports are released, are pulling together highlights from company conference calls. Here are the notable items from several E&P's calls including Concho Resources, Cimarex, Callon, Southwestern, EOG, and Pioneer. Many companies have been reducing...
Callon Details Q2 2019 Results, Ops Highlights
Callon Petroleum Co. reported results of operations for the three and six months ended June 30, 2019. 2Q Highlights Increased production by 40% year-over-year to 40.5 Mboe/d (77% oil) Generated an operating margin of $36.11 per...
Callon Closes $245MM Sale of Non-Core Midland Assets; Lowers Guidance, Capex for 2019
Callon Petroleum Co. has wrapped up its $245 million sale of its non-core Midland Basin assets to Sequitur Energy Resources, LLC. As a result, the company has updated its 2019 guidance as follows (lower spending and...
Callon's Drilling Ops Up Over +30% YOY in Q1; Spending, Production Also Jumps
Callon Petroleum Co. reported its Q1 2019 results. Highlights from its report and presentation follow. Q1 Summary - Well Activity (gross): Drilled 21 wells / TIL 13 wells in Q1 - up +31% and down -13%...
Several Operators, PE Firm Set Sights on QEP Resources Takeover
Multiple companies, including two E&Ps and a private equity firm, are reportedly in the running for a takeover of QEP Resources, according to a report by Bloomberg. Whiting Petroleum and Callon Petroleum are the two operators...
Callon Keeping Drilling Activity Flat for 2019; Expects +31% Production Growth
Callon Petroleum has detailed its 2019 capital program. 2019 Plans - 2019 Capex: $600-630 million D&C: $500-525 million - 2019 Production: Exit guidance of 42,500 BOEPD - Rigs: Decreasing to four rigs by mid-year 2019 (down...
Permian Basin Take Over Targets
This is our third itteration of provding you with a list of take over targets. We will be focused on the Permian Basin as we believe it will be the basin of focus for M&A in...
Callon's Q3 Output Jumps Over +20% from 2Q18; Turns on Taps at Second 'Mega-Pad'
Callon Petroleum reported its Q3 2018 results. Highlights: - Q3 production of 34.9 MBOE/D (78% oil), an increase of +55% YOY and up +21% from 2Q18 Driven by recent multi-well pads at WildHorse outperforming early time...
Callon Petroleum Brings On Encana Alum as New COO
Callon Petroleum announced that Jeffrey S. Balmer will succeed Gary A. Newberry as Senior Vice President and Chief Operating Officer, effective December 10, 2018. Mr. Balmer will join Callon this month and Mr. Newberry will retire...