Callon Petroleum Company (ticker: CPE), a Permian Basin pure-play E&P, announced the addition of 6,230 gross acres (3,862 net) in the oil province on September 2, 2014. The properties were purchased for $212.6 million in cash and are near CPE’s existing operations in Carpe Diem and Pecan Acres in Midland County, Texas. The sale is effective May 1, 2014 and
Unconventional drilling and varied completion techniques are receiving plenty of attention from E&Ps in the ever-growing shale market. Shale play hot spots have emerged in turn with drilling advancements, and the majority of producers mention what they learn from their peers. Strategic Oil & Gas (ticker: SOG.TO), however, went a truly unconventional direction. The company is exploiting an asteroid crater
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