Post Tagged with: "Callon Petroleum"

Source: Reuters

More shale drillers slash production after oil rout slams earnings

Reuters


U.S. shale producers Continental Resources Inc and Callon Petroleum Co on Monday joined their peers in cutting production to cope with a rout in oil prices as the coronavirus crisis sapped demand for fuel.

The historic drop in oil …

Source: Reuters

Hess, Concho, Callon join Exxon in tightening budget amid oil crash

Reuters


U.S. producers Hess Corp, Concho Resources Inc and Callon Petroleum Co on Tuesday followed oil major Exxon Mobil Corp in cutting their spending for the year, as oil prices continued to trade below $30 a barrel.

Oil producers are …

Callon and Carrizo complete merger

Callon and Carrizo complete merger

Oil and Gas 360


HOUSTONDec. 20, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon”) today announced that it has completed its acquisition of Carrizo Oil & Gas, Inc. (“Carrizo”).

As previously announced, current Carrizo shareholders will receive 1.75 …

Source: Reuters

Callon shareholders approve $750 million deal for shale rival Carrizo

Reuters


U.S. shale producer Callon Petroleum Co on Friday won shareholders’ approval to acquire rival Carrizo Oil & Gas Inc with a reduced stock offer, a month after it won the support of a major dissenting stockholder.

The deal was …

ISS flips and supports sweetened Callon-Carrizo deal

ISS flips and supports sweetened Callon-Carrizo deal

Houston Chronicle


An influential proxy advisory firm said Wednesday it now supports the merger of Houston oil producers Callon Petroleum and Carrizo Oil & Gas after the deal was sweetened for hesitant Callon shareholders.

Callon plans to acquire Carrizo in …

Source: Reuters/Nick Oxford

Paulson gives up opposition to reduced Callon-Carrizo deal

Reuters:


Callon Petroleum Co shareholder Paulson & Co said on Monday it would now not oppose the U.S. shale producer’s purchase of smaller rival Carrizo Oil & Gas Inc, after the company last week sharply cut its offer.

Billionaire investor …

Source: Reuters/Nick Oxford

Callon Petroleum slashes Carrizo bid, hoping to save shale merger

Reuters


U.S. shale producer Callon Petroleum (CPE.N) on Thursday sharply cut its offer for rival Carrizo Oil & Gas (CRZO.O) postponed a shareholder vote in a last ditch effort to win support for the deal.

The …

November 14, 2019 - 10:00 am Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Houston Chronicle:


Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote - oil and gas 360

The pending merger between Houston oil producers Callon Petroleum and Carrizo Oil & Gas could be on the brink of falling apart with ongoing investor opposition ahead of the Nov. 14 shareholder vote to approve the deal.…

Whiting Petroleum Names New CFO

Whiting Petroleum Names New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Michael J. Stevens steps down as CFO, Correne S. Loeffler selected as replacement
Whiting Petroleum Corporation (stock ticker: WLL), a Denver-based independent E&P with an oil-focused asset base, has named Correne

Callon and Carrizo Merger: Conference Call Excerpts

Callon and Carrizo Merger: Conference Call Excerpts

Compiled by Bevo Beaven and Tyler Losier, Oil & Gas 360

In light of Callon and Carrizo’s $3.2 billion merger, the two companies held an investor conference call this morning. Below are notable excerpts, compiled from Bloomberg’s transcription of the

Source: Callon Petroleum

Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo

By Tyler Losier, Energy Reporter, Oil & Gas 360

Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction
Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck

Blackstone, Whiting, Callon Consider Bids for Shale Driller QEP: Bloomberg

Blackstone, Whiting, Callon Consider Bids for Shale Driller QEP: Bloomberg

Shale driller said it would explore sale after Elliott offer of $2 billion

From Bloomberg

QEP Resources Inc. has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp. and Callon Petroleum Co., …

The Metrics of Callon’s $260-Million Portfolio Shuffle and Trade

The Metrics of Callon’s $260-Million Portfolio Shuffle and Trade

Ranger operating area sold
By Richard Rostad, analyst, Oil & Gas 360

Callon Petroleum brought activity to a slow U.S. M&A market yesterday, shuffling its Permian portfolio in several deals.

Callon has agreed to divest its non-core Midland Basin properties

Callon Petroleum Sells Non-Core Midland Basin Assets

Callon Petroleum Sells Non-Core Midland Basin Assets

Selling Ranger area in southern Midland Basin - includes 9,850 net Wolfcamp acres, 4,000 BOEPD production
Callon Petroleum Company (stock ticker: CPE, $CPE) said it is selling non-core assets in the Midland Basin for initial cash proceeds of $260 million.

Callon Petroleum Company Provides 2019 Outlook and Year End Proved Reserves

Callon Petroleum Company Provides 2019 Outlook and Year End Proved Reserves

Callon Petroleum Company Provides 2019 Outlook and Year End Proved Reserves

The Permian’s Precious Water: E&Ps Weigh In

The Permian’s Precious Water: E&Ps Weigh In

In this Midland/Delaware Basin infrastructure roundup, the following E&Ps are covered:

  • Halcón Resources Company (ticker: HK)
  • Approach Resources Company (ticker: AREX)
  • Apache Company (ticker: APA)
  • Callon Petroleum Company (ticker: CPE)

 

Waterworks

 

Halcón plans water saving costs

Halcon reported …

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday.

Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is …

Callon Petroleum Expands Horizontal Drilling Operations, Running 5 Rigs, 2 Completions Crews in the Permian

Callon Petroleum Expands Horizontal Drilling Operations, Running 5 Rigs, 2 Completions Crews in the Permian

Callon Petroleum Company (ticker: CPE) reported results of operations for the three months and full-year ended December 31, 2017.

Financial and operational highlights

  • Full-year 2017 production of 22.9 MBOE/d (78% oil), an increase of 50% over 2016 volumes
  • Fourth quarter
Corporate Governance Update: Directors and Officers Announced this Week

Corporate Governance Update: Directors and Officers Announced this Week

  • PBF Energy Inc. (ticker: PBF): George E. Ogden has been elected as an independent director, effective January 1, 2018
  • Eagle Energy Inc. (ticker: EGL): F. Wayne McWhorter will be appointed as a director of Eagle effective January 1, 2018
  • Enerplus
Source: Goodnight Midstream

Goodnight Midstream Announces Multi-Year Contract with Callon Petroleum Company

Goodnight Midstream announced a multi-year partnership to provide pipeline disposal service for Callon Petroleum Company (Ticker: CPE) in the southern Delaware Basin.

Goodnight Midstream will build, own and operate a produced water pipeline connecting Callon’s Spur acreage in Ward …

September 13, 2017 - 5:56 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

New Delaware Basin acreage holds base inventory of 206 net wells and is producing 1.9 MBOEPD; 36% of drilling locations targeting 10,000 foot Wolfcamp laterals

Callon Petroleum Company (ticker: CPE) announced late Tuesday that the company will add 27,552 gross …

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

Year-End 2015 Proved Reserves Increase by 65%

In an operational update on February 1, 2016, Callon Petroleum (ticker: CPE, callon.com) maintained its goal for cash flow neutrality by mid-2016 while announcing advancements in both production and its reserve base.…

Energy Market Upside: Callon Petroleum Bumps Footprint, Liquidity; Targets Self-Funded Growth

Energy Market Upside: Callon Petroleum Bumps Footprint, Liquidity; Targets Self-Funded Growth

Callon maintains 70% EBITDA margin despite lower commodity prices; company’s borrowing base was increased to $300 Million

The lower price of crude oil has put a significant squeeze on earnings for oil and gas companies in the last year. With …

Callon Petroleum Tacks on Permian Basin Acreage

Callon Petroleum Tacks on Permian Basin Acreage

Update: Pricing Announced

Callon Petroleum (ticker: CPE) upsized its stock offering one day after its original announcement, increasing the total to 12.0 million shares with a greenshoe of 1.8 million additional shares. The first round of stock offerings is expected …

Callon Petroleum Increases 2015 Capex 10%, Aims for Efficiencies in 2016

Callon Petroleum Increases 2015 Capex 10%, Aims for Efficiencies in 2016

Callon reports 73% increase in year-over-year production

Callon Petroleum (ticker: CPE) announced its third-quarter 2015 results yesterday, showing a year-over-year production increase of 73%, 77% oil-weighted. The company reported an adjusted EBITDA margin of about 70%, compared to 69% a …

As Capital Tightens, E&Ps Stir the Gumbo

As Capital Tightens, E&Ps Stir the Gumbo

Borrowing Base Redeterminations Kicking into Full Swing

Cyclicality in the oil and gas industry is a given.  Across the board in today’s commodity price environment, the E&Ps and the OilService companies that provide them with drilling and completion services have …

October 12, 2015 - 2:38 pm Commodity Pricing, Oil and Gas 360 Articles
Callon Petroleum Boosts Borrowing Base, Targeting Self-Funding by 2016

Callon Petroleum Boosts Borrowing Base, Targeting Self-Funding by 2016

Permian operator Callon Petroleum (ticker: CPE) announced a 20% increase to its borrowing base on October 7, 2015. Its new borrowing base is $300 million – $50 million higher than its previous determination, and no other changes were made to …

Callon Petroleum – Day Two Breakout Notes

Callon Petroleum – Day Two Breakout Notes

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 …

August 18, 2015 - 7:09 pm 2015 TOGC Two, Analytics, Oil and Gas 360 Articles
Callon Petroleum Escalating Permian Operations, Prepares to Exploit the Lower Spraberry

Callon Petroleum Escalating Permian Operations, Prepares to Exploit the Lower Spraberry

Lower Spraberry Type Curves: 900 MBOE

It took four years for Callon Petroleum (ticker: CPE) to transition to the Permian Basin, and since the shift completed last year, the micro-cap E&P is boosting operational activity despite a rather difficult commodity …

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

An Exclusive Interview with CPE’s CEO Fred Callon

Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news …