Callon

Callon Looks to Control More in Permian Delaware with $788M Primexx Merger

Callon Looks to Control More in Permian Delaware with $788M Primexx Merger

Houston-based Callon Petroleum Co. expects to control more than 110,000 net acres in the Permian Basin’s Delaware formation after clinching an estimated $788 million cash-and-stock deal to buy private explorer Primexx Energy Partners Ltd.  Primexx, headquartered in Dallas, has around 35,000 net acres in the Delaware sub-basin within Reeves County in West Texas. The partnership…

August 4, 2021
Callon Delivering Economic Returns in Permian, Eagle Ford at Current Strip Prices, Says CEO

Callon Delivering Economic Returns in Permian, Eagle Ford at Current Strip Prices, Says CEO

Houston-based Callon Petroleum Co., whose portfolio stretches across the Permian Basin’s two major formations and across the Eagle Ford Shale, reduced costs and delivered “near-term economic returns” at current strip prices during the third quarter, the CEO said. Net production jumped 170% to 102,000 boe/d year/year, above expectations, while capital spending was $38 million, below…

November 3, 2020
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
Permian’s Callon Gains Major Shareholder Support to Combine with Carrizo

Permian’s Callon Gains Major Shareholder Support to Combine with Carrizo

Permian Basin pure-play Callon Petroleum Co. may have saved its takeover of Texas rival Carrizo Oil & Gas Inc. after reducing the offer of the all-stock deal, as a major shareholder now supports the new terms.

November 18, 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

Permian-Focused Callon to Take Eagle Ford Assets in $3.2B Acquisition of Carrizo

Houston-based Callon Petroleum Co.’s board has approved the acquisition of Carrizo Oil & Gas Inc., adding Eagle Ford Shale-centered assets to Callon’s portfolio.

July 15, 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
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