Current CPE Stock Info

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 a deal with Houston-based Carrizo Oil & Gas (stock ticker: CRZO) to acquire the company in an all-stock transaction worth $3.2 billion.

The transaction, which will bolster Callon’s portfolio through the addition of assets in both the Permian and Eagle Ford Basins, is expected to close during Q4 2019, subject to shareholder and regulator approval.

Source: Callon Acquisition of Carrizo investor presentation

On a pro forma basis, Callon will now have a co...

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