Callon Petroleum Co.
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About
Callon is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas.
Editor's note: Updated July 15, 2019.
Transactions
APA Corp. Closes Acquisition of Callon Petroleum
APA Corp. Closes Acquisition of Callon Petroleum
Marketed: Callon Petroleum Eagle Ford Shale Package
Marketed: Callon Petroleum Eagle Ford Shale Package
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
Callon Petroleum Acquires Private Permian Operator Primexx for $788 Million
Callon Petroleum Acquires Private Permian Operator Primexx for $788 Million
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New Financings
Launched a private offering of $600 million aggregate principal amount of senior unsecured notes due 2030…
Delivered a redemption notice on June 9 with respect to all $460.2 million of its outstanding 6.125%…
Priced 8.00% senior unsecured notes due 2028 in a private offering. Proceeds will be used to fully redeem…
Extended the deadline with respect to its offer to exchange up to $400 million aggregate principal amount…
Closed its private offering of $400 million aggregate principal amount of its 6.375% senior unsecured…
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News
Enverus: Q1 Upstream Deals Hit $51B, But Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
AI Poised to Break Out of its Oilfield Niche
At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
APA Closes $4.5B Callon Deal, Deepening Permian Roots
About two-thirds of Apache’s daily production will come from the Permian Basin after APA Corp. completed its $4.5 billion takeout of Callon Petroleum.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Analysts: APA Takes Callon Off Board as Permian M&A Wave Hits ‘24
APA and its subsidiary Apache Corp. are plucking Callon Petroleum off the board for $4.5 billion in stock as a historic wave of Permian consolidation enters a new year.
APA Corp. to Acquire Callon Petroleum for $4.5B
APA Corp.’s deal adds Callon Petroleum’s 120,000 Delaware Basin acres and continues a rash of Permian Basin M&A seen in 2023.
CEO: Vital Energy Sees ‘A Lot More Opportunity’ for Permian M&A
Vital Energy has pumped nearly $2 billion into Permian Basin acquisitions this year. To continue growing Vital’s oil weighting and inventory, CEO Jason Pigott sees opportunity for more deals.
Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors
To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?
Earthstone Shops Eagle Ford Assets as E&P Eyes South Texas Exit
Earthstone Energy is marketing PDP and undeveloped locations in the Eagle Ford as the E&P streamlines its focus on the Permian Basin.
Callon Wraps Up Delaware Bolt-on, Eagle Ford Exit
Callon Petroleum is shoring up its Permian position with its simultaneous acquisition of Delaware Basin assets from Percussion Petroleum and divesture of its Eagle Ford assets from Ridgemar Energy.
Callon Petroleum Names Former EP Energy Chief as COO
Russell Parker joins Callon as it moves toward becoming a pure-play Permian Basin E&P following deals to acquire Delaware Basin assets and exit the Eagle Ford.
A&D Minute: High-dollar Deals in South Texas [WATCH]
In this week's A&D Minute, Callon Petroleum unveils plans to exit the Eagle Ford Shale, Crescent Energy looks to expand its Eagle Ford inventory and Diamondback Energy completes divestitures of assets both upstream and midstream.Â
Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns
Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
Callon Adds Delaware Assets, Exits Eagle Ford in Deals Worth $1.1 Billion
Callon will acquire Percussion Petroleum’s Delaware assets for $475 million and offload its Eagle Ford assets to Ridgemar for $655 million.