Callon Petroleum – Page 3

Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

December 14, 2016

New Delaware Basin acreage holds base inventory of 206 net wells and is producing 1.9 MBOEPD; 36% of drilling locations targeting 10,000 foot Wolfcamp laterals Callon Petroleum Company (ticker: CPE) announced late Tuesday that the company will add 27,552 gross (16,098 net) acres in the Delaware Basin to its assets following the close of a $615 million acquisition from American

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

February 1, 2016

Year-End 2015 Proved Reserves Increase by 65% In an operational update on February 1, 2016, Callon Petroleum (ticker: CPE, callon.com) maintained its goal for cash flow neutrality by mid-2016 while announcing advancements in both production and its reserve base. For fiscal 2016, Callon expects average production of 11,500 to 12,000 BOEPD, representing a midpoint year-over-year increase of 23%, based on

Energy Market Upside: Callon Petroleum Bumps Footprint, Liquidity; Targets Self-Funded Growth

December 29, 2015

Callon maintains 70% EBITDA margin despite lower commodity prices; company’s borrowing base was increased to $300 Million The lower price of crude oil has put a significant squeeze on earnings for oil and gas companies in the last year. With both U.S. crude oil benchmark WTI and international benchmark Brent trading at 35% and 33% of their value in June

Callon Petroleum Tacks on Permian Basin Acreage

November 9, 2015

Update: Pricing Announced Callon Petroleum (ticker: CPE) upsized its stock offering one day after its original announcement, increasing the total to 12.0 million shares with a greenshoe of 1.8 million additional shares. The first round of stock offerings is expected to yield gross proceeds of approximately $100.8 million. Taking those metrics into account, the greenshoe would boost the gross proceeds to

Callon Petroleum Increases 2015 Capex 10%, Aims for Efficiencies in 2016

November 5, 2015

Callon reports 73% increase in year-over-year production Callon Petroleum (ticker: CPE) announced its third-quarter 2015 results yesterday, showing a year-over-year production increase of 73%, 77% oil-weighted. The company reported an adjusted EBITDA margin of about 70%, compared to 69% a year ago, in large part to lower G&A and LOE costs. The company’s total adjusted EBITDA for the quarter amounted

As Capital Tightens, E&Ps Stir the Gumbo

October 12, 2015

Borrowing Base Redeterminations Kicking into Full Swing Cyclicality in the oil and gas industry is a given. Across the board in today’s commodity price environment, the E&Ps and the OilService companies that provide them with drilling and completion services have worked hard to right-size costs. Management teams will expand and contract their companies’ drilling activity not necessarily by their doing,

Callon Petroleum Boosts Borrowing Base, Targeting Self-Funding by 2016

October 7, 2015

Permian operator Callon Petroleum (ticker: CPE) announced a 20% increase to its borrowing base on October 7, 2015. Its new borrowing base is $300 million – $50 million higher than its previous determination, and no other changes were made to the credit facility. In a company issued press release, Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum, said,

Callon Petroleum – Day Two Breakout Notes

August 18, 2015

Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum Company (NYSE: CPE), presented today at EnerCom’s The Oil & Gas Conference® 20. Callon Petroleum Company is an independent energy company focused on the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin in West Texas. In its second quarter results for 2015, the company delivered

Callon Petroleum Escalating Permian Operations, Prepares to Exploit the Lower Spraberry

May 12, 2015

Lower Spraberry Type Curves: 900 MBOE It took four years for Callon Petroleum (ticker: CPE) to transition to the Permian Basin, and since the shift completed last year, the micro-cap E&P is boosting operational activity despite a rather difficult commodity environment. Capital One Securities welcomed the update, saying “CPE’s solid execution continues” in a note dated May 7. Callon increased

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

February 5, 2015

An Exclusive Interview with CPE’s CEO Fred Callon Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news release on February 5, 2015, CPE projects 2015 production to range from 8.0 to 8.4 MBOEPD, an increase of 45%

Colorado Energy Overhaul Bill Achieves Final Passage, Heads to Governor Polis - Oil & Gas 360

Balance Sheet an Asset for these Small-Mid Cap E&Ps

January 15, 2015

Earnings season is approaching, and balance sheets will carry more weight than they have in years. The oil price slide has resulted in a much greater debt to market cap percentage across the oil and gas sphere. In EnerCom’s E&P Weekly for the period ended September 26, the median debt/market cap percentage was 40%. In the latest edition for the

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