Callon Petroleum Co.
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
Post Oak’s Permian Roots Grow Deeper with $480MM in ’24 Minerals M&A
Post Oak Energy Capital was early to invest in M&R as a standalone asset class. Today, it manages 85,000 net royalty acres.
Permian Resources Buys Apache's Northern Delaware Assets for $608MM
Permian Resources is expanding its New Mexico footprint with an acquisition of Permian Basin assets from APA Corp. for $608 million.
Money Talks: Texas Capital Bank on How to Deploy Capital Amid Shrinkage
In an uncertain macro environment, caution is necessary in deploying capital, says Marc Graham, managing director and head of energy at Texas Capital Bank.
Q&A: Pearl Energy Investments Rides the Downturns for 250% ROI
Billy Quinn, founder and managing director of Pearl Energy Investments, leads a team that thrives amid the oil and gas investment cycles.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
Former IPAA Chair Steven Hinchman Dies at 66
During his time with IPAA, Steven Hinchman founded Scala Energy and became its president and CEO.
Report: ConocoPhillips Shopping Delaware Basin Assets for $1B Sale
ConocoPhillips has laid out a $2 billion divestiture campaign to reduce debt from a blockbuster acquisition of Marathon Oil.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
APA Curtails Natgas, NGL Output Amid Low Waha Prices
Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
APA Divests $950 Million in Non-core Permian Basin Assets
APA Corp. said it would sell assets in the Central Basin Platform, Texas and New Mexico Shelf and Northwest Shelf that average 21,000 boe/d, 57% oil.
Exxon Explores Sale of Conventional Permian Basin Assets
Exxon Mobil, which closed a $60 billion takeover of Pioneer Natural Resources this year, is exploring selling legacy conventional assets in the Permian Basin.
APA Executive: After Recent Divestitures, ‘More to Come’
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.