One-Page Deal Sheet
Callon Acquires Bolt-On Howard County Acreage; $340 Million
Callon Petroleum Co. Element Petroleum III LLC, Plymouth Exploration LLC
Announced Date
September 07,2016
Close Date
October 20,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
340
Asset/Basin:
{Permian,"Midland Basin"}
TargetZones:
{"Wolfcamp A","Lower
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Howard
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Closing Announcement - October 24, 2016
Callon Petroleum announced the closing of its previously announced acquisition of certain assets located in the Midland Basin within its WildHorse operating area. The Company completed the acquisition of 6,904 gross (5,952 net) acres primarily located in Howard County, Texas from Plymouth Petroleum, LLC and additional sellers that exercised their "tag-along" sales rights for total cash consideration of $340 million.
The acquisition increases Callon's surface acreage position in the Midland Basin to over 40,000 net acres.
Initial Announcement…Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-02-2025 |
-  |
- |
Click here | Texas | E&P |
| Feb-26-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-18-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-12-2024 |
- |
- |
Click here | Texas | E&P |
| Dec-11-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |