Callon

Callon Slashes Production, Capex in Permian, Eagle Ford to Survive Oil Demand Destruction

Callon Slashes Production, Capex in Permian, Eagle Ford to Survive Oil Demand Destruction

If there are any exploration and production companies that are stepping up activity in the Lower 48 today, they’ve yet to step forward, as operators have pulled back, shut in and cut off funding to some of the most prized assets.

May 13, 2020

Callon Completes Tie-Up with Carrizo

Houston-based Callon Petroleum Co. on Friday completed its merger with crosstown independent Carrizo Oil & Gas Inc., which expands the Permian Basin footprint and adds a portfolio in the Eagle Ford Shale.

December 23, 2019

Callon Says Permian Capital, Operating Costs Coming

Permian Basin pure-play Callon Petroleum Co., which is in a battle with major shareholders over plans to expand its focus with the takeover of Carrizo Oil & Gas Inc., expects third quarter production to average 37,500-37,900 boe/d, 78% weighted to oil.

October 21, 2019

Callon CEO Makes Case for Carizzo’s ‘Compelling’ Permian, Eagle Ford Assets

Houston-based Callon Petroleum Co. on Thursday went on the defense after a major shareholder slammed its planned takeover of Carrizo Oil & Gas Inc.

September 26, 2019

Callon Bid to Buy Carrizo’s ‘Inferior’ Eagle Ford Assets Bashed by Major Shareholder

One of Callon Petroleum Co.’s major shareholders said it plans to vote against the proposed acquisition of Carrizo Oil & Gas Inc. and is urging the board to instead pursue a sale.

September 9, 2019
Callon Still Transitioning to Larger Permian Pads, Reducing D&C Costs

Callon Still Transitioning to Larger Permian Pads, Reducing D&C Costs

Permian Basin pure-play Callon Petroleum Co. continued its transition to larger pads and brought its largest project to date online during the first quarter, while also delineating its acreage and reducing drilling and completion (D&C) costs.

May 7, 2019
Callon Tightens Up in Permian, While Laredo Reduces Workforce

Callon Tightens Up in Permian, While Laredo Reduces Workforce

Two big West Texas explorers have shuffled their Permian Basin operations, with Callon Petroleum Co. selling some acreage and Laredo Petroleum Inc. sharply reducing the executive ranks.

April 9, 2019
Callon Advancing Large-Scale Permian Delaware Projects in ’19

Callon Advancing Large-Scale Permian Delaware Projects in ’19

Permian pure-play Callon Petroleum Co. plans to boost production by more than 20% in 2019, while moving forward with large-scale development projects in the Permian Basin’s Delaware formation.

March 1, 2019

Callon Reducing Permian Spend Slightly but Lifting Production Outlook by 20%-Plus

West Texas pure-play Callon Petroleum Co. is trimming its 2019 capital spending and tightening its rig count, but it still expects to increase production by 20%, the Houston independent said Tuesday.

February 12, 2019

In Permian, Callon Embracing ‘Mega-Pads’ While Diamondback Grabbing Takeaway Capacity

Permian Basin pure-players Callon Petroleum Co. and Diamondback Energy Inc. continued with divergent strategies in the third quarter, with Callon seeing first production from its so-called “mega-pads” and Diamondback’s new midstream subsidiary grabbing more takeaway capacity.

November 8, 2018
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