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IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co.

Callon Petroleum Co. · Feb 2, 2012 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 1
    IPAA OGIS Florida February 2, 2012 NYSE: CPE Callon Petroleum Corporate Presentation
  2. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 2
    Company Overview Net proved reserves at 12/31/10 13.6 MMboe 60% crude oil Headquarters, Field Operations Office Natchez, MS Midland, TX Proved Reserves by area Technical Office Houston, TX 33% Permian Basin 17% Haynesville…
  3. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 3
    Areas of Focus Operated Haynesville Shale* Non-operated High impact gas growth Permian Basin + 230 Boe/d net production Lowrisk oil growth + 2.3 MMboe of proved reserves + 1,300 Boe/d net production + 4 net additional locations +…
  4. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 4
    Resources Drive Growth Available Resources 20 ac Wolfberry 9 MMboe Possible Haynesville 2 MMboe 40 ac Wolfberry 6 MMboe Probable Haynesville 2 MMboe GOM 2 MMboe 150% 200% Reserve Rep. 60% Liquid Priced GOM 7 MMboe Proved…
  5. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 5
    GOM Funds Onshore Development Medusa MC 538/582 15% W.I., Murphy operates 2011 1,700 Boe/d current net production Gulf of Mexico Cash Flow Most wells in primary completion with significant reserves behind pipe Free Cash Flow…
  6. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 6
    Medusa Operator Murphy Oil Company Callon WIO = 15.0%, NRI = 14.7% Water depth 2,200 Current production 1,700 Net Boe/d Producing wells 6 Dry Trees on the SPAR and 2 subsea completions; 9 producing horizons with most wells…
  7. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 7
    Habanero Operator Shell Oil Company Callon WIO = 11.25%, NRI = 9.65% New WAZ PSDM Water depth 1,375 Producing wells 2 subsea completions 1 Current production 2 500 Net Boe/d Significant proven updip reserves to be…
  8. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 8
    Permian Assets NM TX Wolfberry Properties Net Acres: 7,124 Callon Operates (95% W.I. / 71% NRI) Pecan Acres YE 2010 Net Proved: 4.5 MMboe Carpe Diem Net Production: 1,300 Boe/d (1) Kayleigh Total Net Locations: 286 109…
  9. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 9
    Carpe Diem Development Callon operated (84.4% W.I. / 63.3% NRI) Development Potential 33 net development locations on 40acre spacing 54 net development locations on 20acre spacing Drilled 18 gross wells to date IP 80110…
  10. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 10
    Kayleigh Development Callon operated (100% W.I. / 73.3% NRI) Development potential 5 net development locations on 40acre spacing 16 net development locations on 20acre spacing Drilled 6 gross wells to date IP 90120 Boe/d…
  11. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 11
    East Bloxom Development Callon operated (100% W.I. / 75% NRI) Development potential 62 net development locations on 40acre spacing 96 net development locations on 20acre spacing Drilled 31 gross wells to date IP 75120 Boe/d…
  12. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 12
    Pecan Acres Development Callon operated (40% W.I. / 30% NRI) Development potential 9 net development locations on 40acre spacing 11 net development locations on 20acre spacing Drilled 2 gross wells to date Existing Producer…
  13. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 13
    Multiyear Inventory Continuous drilling program in the Permian in 2011 Drilled 36 gross wells in 2011 (3year inventory of 40acre wells at current pace of development) Existing Permian acreage provides multiyear inventory of lowrisk…
  14. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 14
    Executing Onshore Expansion Plans Onshore reserves now represent 50% of total proved at YE:2010 Plan to continue reinvestment of cash flow from Gulf of Mexico properties to expand development and onshore acreage positions Onshore…
  15. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 15
    FINANCIAL OVERVIEW NYSE: CPE Callon Petroleum Corporate Presentation
  16. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 16
    2011 Capital Expenditures 2011 capital expenditure budget focused on Permian development drilling 2011 CAPEX BY LOCATION (more than double 2010 pace) Planned Wells CapEx Gross Net (MM) Drilled 36 gross wells vs. 20 gross wells in…
  17. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 17
    Stronger Balance Sheet to Support Growth Plan Improved Capitalization 12/31/10 Change 09/30/11 Capital % Debt: Revolving Credit Facility 0.0% 13% Senior Notes Due 2016 138.0 (31.0) 107.0 40.8% Deferred Credit (NonCash) 27.5 (8.5)…
  18. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 18
    Increased Liquidity to Fund Growth Plan Total Cash and Credit Line Availability 100.0 97% 93.2 MM 90.0 Increase 80.0 Millions of Dollars 70.0 45.0 60.0 47.4 MM 50.0 40.0 30.0 30.0 48.2 20.0 10.0 17.4 0.0…
  19. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 19
    Why Callon Now Onshore transition well underway Increased proved reserves 41% in 2010 to 13.6 MMboe 50% of proved reserves onshore as of 12/31/10 54% of current production and 60% of 12/31/10 proved reserves are oil and liquids…
  20. IPAA Oil and Gas Investment Symposium Florida – Callon Petroleum Co. – slide 20
    Callon Petroleum Company TRADING DATA / KEY STATISTICS Founded 1950 Public since 1994 (NYSE 1998) NYSE: CPE Average Daily Vol.: 375,000 52week Range: 3.02 9.36 Share Price: 5.99 OFFICES Market Capitalization: 236 Million Natchez,…

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