Skip to main content Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. Investor Presentation | Shale Experts
Loading...
Pm

Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co.

Callon Petroleum Co. · Jul 18, 2011 · 25 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. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 1
    Global Hunter Securities Presentation July 18, 2011 NYSE: CPE Callon Petroleum Corporate Presentation
  2. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 2
    Callon Petroleum Company TRADING DATA / KEY STATISTICS TRADING DATA / KEY STATISTICS Founded 1950 Public since 1994 (NYSE 1998) NYSE: CPE Average Daily Vol.: 538,000 52week Range: 3.54 9.36 Share Price: 7.00 OFFICES Market…
  3. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 3
    Company Overview Net proved reserves at 12/31/10 13.6 MMboe Headquarters, 60% crude oil Field Operations Office, Natchez, MS Midland, TX Technical Office, Houston, TX Proved Reserves by area 33% Permian Basin 17% Haynesville…
  4. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 4
    OPERATIONS OVERVIEW NYSE: CPE Callon Petroleum Corporate Presentation
  5. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 5
    Areas of Focus Operated Haynesville Shale* Non-operated High impact gas growth Permian Basin + 305 boe/d net production Lowrisk oil growth + 2.3 MMboe of proved reserves + 1,100 boe/d net production + 4 net additional locations +…
  6. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 6
    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. D bl Di i P d i G Double Digit…
  7. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 7
    Executing Onshore Expansion Plans Onshore reserves now represent 50% of total proved at YE:2010 h f l d Plan to continue reinvestment of cash flow from Gulf of Mexico properties to expand development and onshore acreage positions O…
  8. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 8
    GOM Funds Onshore Development Medusa d MC 538/582 / 2011 15% W.I., Murphy operates 2,220 Boe/d current net production Gulf of Mexico Cash Flow Most wells in primary completion with Most wells in primary completion with…
  9. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 9
    Medusa Operator Murphy Oil Company Callon WIO = 15.0%, NRI = 14.7% Water depth 2,200 Current production 2,220 Net Boe/d Producing wells 6 Dry Trees on the SPAR and 2 subsea completions; p ; 9 producing horizons with most…
  10. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 10
    Habanero Operator O Sh ll Oil C Shell Oil Company Callon WIO = 11.25%, NRI = 9.65% New WAZ PSDM Water depth 1,375 Producing wells 2 subsea completions completions 1 Current production 2 615 Net Boe/d Significant…
  11. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 11
    Haynesville Shale G Gross Acres: A 624 Callon Operated (69% W.I. / 52% NRI) C Callon ll YE: 2010 Net Proved: YE: 2010 Net Proved: 2 3 MMboe 2.3 MMboe Gross Production: 3.5 MMcfe/d Total Gross Locations: 6 Gross EURs(1):…
  12. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 12
    Initial Permian Acquisition NM TX Wolfberry Properties Net Acres: 6,641 Callon Operates (95% W.I. / 71% NRI) YE:2010 Proved: 4 5 MMboe YE:2010 Proved: 4.5 MMboe Carpe Diem Net Production: 1,100 Boe/d Total Net Locations: 287…
  13. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 13
    Permian Geologic Section Access to Oil Rich Resource Carpe Diem Kayleigh Bloxom 0 0 0 0 Clearfork 900 900 Spraberry 2100 Dean 2300 Wolfcamp 3200 Strawn Carpe Diem Kendra 4 Atoka Kayleigh y g Kayleigh 14 East…
  14. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 14
    Halliburton Agreement Pumping service agreement signed January 2011 Current Plan 4 wells per month for May July with plans to go to 5 wells per month in August per month in August Successfully performed 16 fracture…
  15. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 15
    Carpe Diem Development Callon operated (84.4% W.I. / 63.3% NRI) Development Potential 41 net development locations on 40acre spacing p g 54 net development locations on 20acre spacing Drilled 4 gross wells in 2010 Drilled 4…
  16. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 16
    Kayleigh Development Callon operated (100% W.I. / 73.3% NRI) Development potential 5 net development locations on 40acre spacing p g 16 net development locations on 20acre spacing Drilled 2 gross wells in 2010 Drilled 2 ross…
  17. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 17
    East Bloxom Development Callon operated . (100% W.I. / 75% NRI) Development potential 70 net development locations on 40acre spacing p g 96 net development locations on 20acre spacing Drilled 14 gross wells in 2010 Drilled…
  18. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 18
    Multiyear Inventory 2 i 2 rig continuous program in the Permian in 2011 i i h i i 20 Targeting 41 gross wells in 2011 (3year inventory of 40acre wells at current pace of development) Existing Permian acreage provides multiyear…
  19. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 19
    Focus, Execute & Deliver Results Experienced Team In Place MultiYear Multi Year, Low LowRisk Risk Drilling Inventory Drilling Inventory Line of Sight Double Digit Growth 150200% Reserve Replacement 2011 Focus Organic Growth in…
  20. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 20
    FINANCIAL OVERVIEW NYSE: CPE Callon Petroleum Corporate Presentation
  21. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 21
    2011 Capital Expenditures 2011 i l di b d f d 2011 capital expenditure budget focused on Permian development drilling 2011 CAPEX BY LOCATION (more than double 2010 pace) Planned Wells CapEx Gross Net (MM) Plan on running 2 rigs and…
  22. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 22
    First Quarter 2011 Highlights Completed 73.7 million successful common stock public offering Used a portion of the proceeds to pay down 31 million in longterm debt Received a 50% increase in the borrowing base of our…
  23. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 23
    Recent Public Offering Summary Completed: February 2011 Shares Issued: 10,100,000 Net Proceeds: 73,700,000 Shares Outstanding: 39,105,000 Use of Proceeds: Fund an increased onshore drilling program in the Permian Wolfberry…
  24. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 24
    Book Capitalization Actuals (000) ( ) 12/31/10 03/31/11 Senior Secured Credit Facility 13% Senior Notes 138.0 107.0 Deferred Credit 27.5 20.7 Stockholders' Equity 15.8 92.4 Total Book Capitalization 181.3 220.1 25 NYSE:…
  25. Global Hunter Securities Energy China Metals and Mining Conference – Callon Petroleum Co. – slide 25
    Why Callon Now Onshore transition well underway h ll d Increased proved reserves 41% in 2010 to 13.6 MMboe 50% of proved reserves now onshore 50% of current production and 60% of YE:2010 proved reserves 50% of current production…

From the store

Browse maps, data & reports in the Shale Experts store