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Callon Petroleum, currently a Permian Basin pure-play, will gain core oil-weighted positions in both the Permian and Eagle Ford Shale through its combination with Carrizo Oil & Gas.
The acquisitions represent the first transactions within a new partnership between Ward’s Mach Resources and Houston-based private-equity firm Bayou City Energy.
An undisclosed company agreed to buy the Arkoma Basin assets from Encana for $165 million cash, which is in line with analyst estimates.