One-Page Deal Sheet
Callon Petroleum Acquires Permian Basin Wolfberry Properties
Callon Petroleum Co. EXL Petroleum LP
Announced Date
September 10,2009
Effective Date
September 01,2009
Close Date
October 28,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
16
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Wolfberry}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Crockett ,Ector ,Midland ,Upton
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Callon Petroleum Company today announced it has signed a purchase and sale agreement with Ambrose Energy I, Ltd., a subsidiary of ExL Petroleum, LP, to acquire their interests in 22 producing wells located in Crockett, Ector, Midland and Upton Counties, Texas, for $16.25 million.
The company estimates the total proved reserves being acquired to be approximately 1.5 million barrels of oil equivalent. The assets include 4 uphole recompletion targets, 11 proved undeveloped locations and 61 non-proven locations to fully develop the acreage.
The properties are on approximately 15,908 gross acres (8…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
- |
| Dec-11-2012 | Lynden Letting Go of Permian Wolfberry Interest | - |
- |
| May-11-2012 | BreitBurn Energy Partners Acquires Wolfberry Oil and Gas Properties | - |
- |