Profile: Callon Petroleum Co (CPE.N)
28 Apr 2015
Callon Petroleum Company (Callon), incorporated on March 29, 1994, is an independent oil and natural gas company. Callon is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It is focused on growing production and reserves from its oil-weighted multi-play assets in the Permian Basin. In 2013, the Company shifted its operations from the offshore waters in the Gulf of Mexico to the onshore, Permian Basin region in Texas. The Company operates 100% of its Permian acreage. The Company’s wholly owned subsidiary include Callon Petroleum Operating Company (CPOC).
As of December 31, 2013, the Company’s proved reserves were 14.9 million barrels of oil equivalent (MMBOE), which include 80% oil and 50% proved developed. As of December 31, 2013, the Company had an average Permian production of 3,611 barrel of oil equivalent per day (BOE/d), which includes approximately 84% oil. The Company has an area of 1,527 net acres in Upton and Reagan Counties, Texas, which are located in the southern portion of the Midland Basin near its existing core development fields. The properties bear a working interest of 100% and an average net revenue interest of 78%.
Callon Petroleum Co
200 N CANAL ST
NATCHEZ MS 39120