Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum (NYSE: CPE) presented today at EnerCom’s The Oil & Services Conference™ 10. Callon Petroleum Company is an independent oil and natural gas company which since 1950 has been focused on building reserves and production both onshore and offshore through efficient operations and low finding and development costs.
During the company’s breakout session, management was asked the following questions:
- What is the average cost per well that you are anticipating for your horizontal Permian development? How many stages are you planning on using?
- What does your 2012 CAPEX look like and how much of you capital is being deployed to onshore vs your offshore assets?
- What percentage of your CAPEX is funded through cash flow?
- Are you looking to add to your onshore acreage positions and if so, where would you like to add?
- You recently added a new build rig to you operations in the Permian. What are the terms of the contract on that rig?
Click here for the Callon Petroleum webcast.
Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.
