One-Page Deal Sheet
Callon Acquires Permian Midland Acreage; Wolfcamp, Spraberry
Callon Petroleum Co. Not Disclosed
Announced Date
February 01,2016
Close Date
February 01,2016
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
9
Asset/Basin:
{"Permian Basin","Midland Basin"}
TargetZones:
{"Lower Spraberry","
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Midland
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Callon Petroleum recently completed the acquisition of an additional 4.9% working interest (3.7% net revenue interest) in its Casselman and Bohannon fields for total cash consideration of $9.3 million, excluding customary purchase price adjustments.
Highlights of the acquisition include: Estimated December 2015 net daily production of 170 BOE/d (75% oil), including production from three established horizontal zones in the Lower Spraberry, Middle Spraberry and Wolfcamp B, in addition to legacy vertical production 305 net acres located primarily in Midland County, TexasThe Company currently…
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