Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum Company (NYSE: CPE), presented today at EnerCom’s The Oil & Gas Conference® 20.
Callon Petroleum Company is an independent energy company focused on the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin in West Texas.
In its second quarter results for 2015, the company delivered production growth of 11% on a quarter-over-quarter basis and increased its annual production guidance by 6% to an average of 9,600 BOEPD for fiscal 2015. Callon plans on increasing its capital spend in the Lower Spraberry as its drilling program continues to progress.
During the company’s breakout session, management was asked the following questions:
- How applicable is this technology and how can you apply it to other basins?
- Have you been able to cooperate with other companies since oil crashed?
- Any growth opportunities, either organic and/or inorganic? Any opportunities in regards to M&A?
- Do you have plans to replace the sub pumps?
- Can you talk about advancements you’ve made with fracture simulation?
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