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Callon Petroleum Co (CPE.N)

CPE.N on New York Stock Exchange

4.53USD
20 Sep 2019
Change (% chg)

$-0.01 (-0.22%)
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Latest Key Developments (Source: Significant Developments)

S&P Dow Jones Indices Says NVR Inc Will Replace Jefferies Financial Group In The S&P 500
Saturday, 21 Sep 2019 

Sept 20 (Reuters) - S&P Dow Jones Indices::S&P DOW JONES INDICES - NVR INC WILL REPLACE JEFFERIES FINANCIAL GROUP IN THE S&P 500.S&P DOW JONES INDICES - JEFFERIES FINANCIAL GROUP WILL REPLACE NVR IN THE S&P MIDCAP 400.S&P DOW JONES INDICES - S&P SMALLCAP 600 CONSTITUENT II-VI INC WILL REPLACE CALLON PETROLEUM IN S&P MIDCAP 400.S&P DOW JONES INDICES - PRICESMART WILL REPLACE FINISAR IN S&P SMALLCAP 600.  Full Article

Callon Petroleum Company Announces Second Quarter 2019 Revenue Of $167.1 Mln
Wednesday, 7 Aug 2019 

Aug 6 (Reuters) - Callon Petroleum Co ::MPANY ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 REVENUE $167.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $161 MILLION.QTRLY PRODUCTION ROSE BY 40% YEAR-OVER-YEAR TO 40.5 MBOE/D (77% OIL).QTRLY OPERATING MARGIN OF $36.11 PER BOE, A SEQUENTIAL INCREASE OF OVER 10%.REAFFIRMED 2019 GUIDANCE (STAND ALONE CALLON).REAFFIRMED GUIDANCE DOES NOT TAKE INTO EFFECT CARRIZO MERGER.  Full Article

Callon To Acquire Carrizo In All-Stock Transaction
Monday, 15 Jul 2019 

July 15 (Reuters) - Callon Petroleum Co ::CALLON TO ACQUIRE CARRIZO IN ALL-STOCK TRANSACTION.CALLON TO ACQUIRE CARRIZO IN ALL-STOCK TRANSACTION.CALLON PETROLEUM CO - PROPOSED DEAL FOR TRANSACTION VALUED AT $3.2 BILLION..CALLON PETROLEUM CO - CARRIZO SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 2.05 CALLON SHARES FOR EACH SHARE OF CARRIZO COMMON STOCK THEY OWN.CALLON PETROLEUM CO - EXPECTS TO REALIZE PRIMARY ANNUAL RUN-RATE SYNERGIES OF $100 - $125 MILLION IN ADDITION TO OPTIMIZED CAPITAL ALLOCATION OVER TIME.CALLON PETROLEUM CO - IMMEDIATELY ACCRETIVE TO EPS, CFPS, DEBT-ADJUSTED GROWTH PER SHARE AND NET ASSET VALUE PER SHARE.CALLON PETROLEUM CO - FOR Q2 OF 2019, CALLON EXPECTS DAILY PRODUCTION OF BETWEEN 40.0 AND 40.5 MBOED WITH APPROXIMATELY 77% COMING FROM OIL.CALLON PETROLEUM CO SEES DOUBLE-DIGIT PRODUCTION GROWTH AND OVER $100 MILLION OF FREE CASH FLOW IN 2020 AT CURRENT STRIP PRICING.CALLON PETROLEUM - FOR Q2 OF YEAR, CARRIZO EXPECTS CRUDE OIL PRODUCTION TO BE ABOUT 44,400 BBLS/D, EXCEEDING HIGH-END OF COMPANY'S GUIDANCE RANGE.CALLON - EXPECTS TO REALIZE PRIMARY ANNUAL RUN-RATE SYNERGIES OF $100 - $125 MILLION IN ADDITION TO OPTIMIZED CAPITAL ALLOCATION OVER TIME FROM DEAL.CALLON PETROLEUM CO - UPON CLOSING, BOARD OF DIRECTORS OF COMBINED COMPANY WILL CONSIST OF 11 MEMBERS.CALLON PETROLEUM-CARRIZO PRODUCTION DURING JUNE MATERIALLY IMPACTED BY WEATHER-RELATED DOWNTIME AT THIRD-PARTY GAS PROCESSING PLANT IN DELAWARE BASIN.  Full Article

Sequitur Energy Resources Announces Acquisition Of Producing Properties In Reagan & Upton Counties
Wednesday, 10 Jul 2019 

July 9 (Reuters) - SEQUITUR ENERGY RESOURCES: :SEQUITUR ENERGY RESOURCES, LLC ANNOUNCES THE ACQUISITION OF PRODUCING PROPERTIES IN REAGAN AND UPTON COUNTIES.SEQUITUR ENERGY RESOURCES - SEQUITUR PERMIAN ACQUIRED PRODUCING PROPERTIES FROM CALLON PETROLEUM OPERATING COMPANY AND OTHER UNDISCLOSED SELLERS.SEQUITUR ENERGY RESOURCES - PURCHASE PRICE OF $264.6 MILLION, BEFORE CUSTOMARY ADJUSTMENTS, EFFECTIVE JANUARY 1, 2019.  Full Article

Callon Petroleum Co To Sell Certain Non-Core Assets In Midland Basin For Initial Cash Proceeds Of $260 Mln
Tuesday, 9 Apr 2019 

April 8 (Reuters) - Callon Petroleum Co ::CALLON PETROLEUM COMPANY ANNOUNCES DIVESTITURE OF NON-CORE ASSETS.CALLON PETROLEUM CO - AGREEMENT ALSO PROVIDES FOR POTENTIAL INCREMENTAL CASH PAYMENTS OF UP TO $60 MILLION BASED UPON FUTURE COMMODITY PRICES.CALLON PETROLEUM CO - AGREEMENT REGARDING SALE OF CERTAIN NON-CORE ASSETS IN MIDLAND BASIN FOR INITIAL CASH PROCEEDS OF $260 MILLION.CALLON PETROLEUM CO - CAPITAL PLANS FOR YEAR ARE UNCHANGED AS THERE WAS NO PLANNED ACTIVITY IN RANGER AREA FOR 2019.CALLON PETROLEUM CO - DIVESTITURE ENCOMPASSES RANGER OPERATING AREA IN SOUTHERN MIDLAND BASIN.CALLON PETROLEUM - DIVESTITURE PROCEEDS WILL ACCELERATE DEBT REDUCTION, PROVIDE OPPORTUNITY TO RETIRE PREFERRED STOCK, REDUCING CASH FINANCING COSTS.  Full Article

Callon Petroleum Co Announces Fourth Quarter Results
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - Callon Petroleum Co ::MPANY ANNOUNCES FOURTH QUARTER 2018 RESULTS.Q4 REVENUE $161.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $160.7 MILLION.Q4 2018 PRODUCTION OF 41.1 MBOE/D (81% OIL), AN INCREASE OF 55% OVER Q4 2017 VOLUMES.PREVIOUSLY DISCLOSED OUTAGE AT A THIRD PARTY GAS PROCESSING FACILITY IN MARTIN COUNTY HAS PERSISTED INTO Q1.CALLON PETROLEUM - EXPECT NORMALIZED LEVEL OF GAS PROCESSING TO RESUME DURING MONTH OF MARCH AT THIRD PARTY GAS PROCESSING FACILITY IN MARTIN COUNTY.ESTIMATE LOST NATURAL GAS AND NGL VOLUMES DURING Q4 OF APPROXIMATELY 9,800 MCFE/D FROM OUTAGE.CURRENTLY EXPECT AN IMPACT OF APPROXIMATELY 4,000 MCFE/D IN Q1 OF 2019 FROM OUTAGE.CALLON PETROLEUM - WILL ACCELERATE MAINTENANCE, FIELD OPTIMIZATION PROJECTS OVER NEXT 3 MONTHS, REQUIRING VOLUNTARY SHUT-IN OF PRODUCTION AT THAT TIME.EXPECT DEFERRAL OF PRODUCTION WILL IMPACT OUR PRODUCTIVE CAPACITY BY ROUGHLY 1,000 BOE/D DURING Q1.EXPECT DEFERRAL OF PRODUCTION TO HAVE DECREASED IMPACT IN Q2 AS PROJECT IS EXPECTED TO BE COMPLETED IN APRIL.  Full Article

Callon Petroleum Qtrly Earnings Per Share $0.16
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Callon Petroleum Co ::ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 REVENUE $161.2 MILLION VERSUS I/B/E/S VIEW $146.5 MILLION.INCREASED QTRLY PRODUCTION TO 34.9 MBOE/D (78% OIL), AN INCREASE OF 55% YEAR-OVER-YEAR.QTRLY EARNINGS PER SHARE $0.16.Q3 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 TOTAL PRODUCTION 32.0 MBOE/D - 33.0 MBOE/D.SEES FY 2018 OPERATIONAL CAPEX $560 MILLION.  Full Article

Callon Petroleum Increased Production To 29.0 MBOE/d In Quarter, Increase Of 30 Pct Year-Over-Year
Tuesday, 7 Aug 2018 

Aug 6 (Reuters) - Callon Petroleum Co ::MPANY ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 REVENUE $137.1 MILLION VERSUS I/B/E/S VIEW $133.1 MILLION.INCREASED PRODUCTION TO 29.0 MBOE/D (76% OIL) IN QUARTER , AN INCREASE OF 30% YEAR-OVER-YEAR.COMPANY EXPECTS PRODUCTION FOR MONTH OF JULY TO BE APPROXIMATELY 31.1 MBOE/D (78% OIL).  Full Article

Callon Petroleum Company Announces Launch Of $300 Million Senior Unsecured Notes Offering
Thursday, 31 May 2018 

Callon Petroleum Co ::CALLON PETROLEUM COMPANY ANNOUNCES LAUNCH OF $300 MILLION SENIOR UNSECURED NOTES OFFERING.CALLON PETROLEUM - INTENDS TO OFFER $300 MILLION OF SENIOR UNSECURED NOTES DUE 2026.  Full Article

Callon Petroleum Announces Pricing Of Common Stock Offering
Friday, 25 May 2018 

May 24 (Reuters) - Callon Petroleum Co ::MPANY ANNOUNCES PRICING OF COMMON STOCK OFFERING.SAYS OFFERING 22.0 MILLION COMMON SHARES.PRICED UNDERWRITTEN PUBLIC OFFERING OF 22 MILLION SHARES OF ITS COMMON STOCK FOR TOTAL ESTIMATED GROSS PROCEEDS OF $259.6 MILLION.  Full Article

Paulson's hedge fund calls on Callon to drop merger, sell itself

Billionaire investor John Paulson's hedge fund on Monday urged Callon Petroleum Co to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc , and instead consider selling itself.