CALLON PETROLEUM COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

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. 

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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

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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.

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