Fourth quarter production was above the high end of guidance and averaged 103.4 MBoe/d (57% oil and 79% liquids). During the quarter, 14 gross wells were TIL. Notably, cumulative oil production from fourth quarter wells were 51% more productive on a per lateral foot basis in the first 90 days of production (6,848 Bbl / 1,000 lateral ft.) compared to third quarter 2023 wells.
APA CORPORATION TO ACQUIRE CALLON PETROLEUM COMPANY IN ALL-STOCK TRANSACTION
APA Corporation (“APA” or the “Company”) (NASDAQ: APA) and Callon Petroleum Company (“Callon”) (NYSE: CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt.
Callon Reportedly Mulls Options Amid Buyer Interest
Permian Basin explorer Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, according to Bloomberg News, as dealmaking accelerates in the U.S. energy industry.
CALLON PETROLEUM COMPANY REPORTS Q3 2023 RESULTS
Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today reported third quarter 2023 financial and operating results. Reduced long-term debt to $1.9 billion Reiterated full-year 2023 capital expenditure outlook of $960 – $980 million Recent efficiency gains are expected to reduce 2024 drilling, completion, and facilities costs by more than 15% per well
Callon Petroleum Q2 2023 Update
Callon entered the third quarter running seven drilling rigs, five in the Delaware Basin, one in the Midland Basin, and one in the Eagle Ford. Upon closing the Eagle Ford divestiture on July 3rd, the acquiring party assumed the Eagle Ford rig.
US fines Texas oil company Callon Permian over emissions
The U.S. Environmental Protection Agency (EPA) on Thursday said Callon Permian LLC was fined $1.3 million for excess emissions from tanks, flares and other equipment at company’s oil and gas facilities in the West Texas Permian Basin.
Callon Petroleum 2023 Outlook
Callon expects to invest approximately $1 billion in 2023, production expected to average 104 – 107 thousand barrels per day of oil equivalent (MBoe/d)
Coterra Energy
Coterra Energy ranks #15 in wells drilled in 2023 with 191 wells drilled in the US. Download 2023 drilling report.
Cenovus Energy
Cenovus Energy Inc. is an integrated oil and natural gas company headquartered in Calgary, Alberta. Cenovus Energy Inc. ranks #1 in wells drilled in 2022 with 508 wells drilled in Western Canada.
Callon Petroleum
Callon Petroleum Company is an independent oil and natural gas company. ore footprint to approximately 200,000 net acres in the Permian Basin and Eagle Ford Shale. Callon Petroleum ranks #20 in wells drilled in 2022 with 104 wells drilled in the Mid Continent of the US.