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Callon Petroleum (CPE)

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Last Post: 12/13/2016 5:32:29 PM - Followers: 33 - Board type: Free - Posts Today: 0

Callon Petroleum Company

We are an independent oil and natural gas company focused on growing reserves and production through efficient operations and low finding and development costs. We have been operating successfully since 1950, both offshore and onshore in several oil and natural gas basins.

In 2009 we initiated a focused strategy to reinvest the significant cash flow generated by our offshore producing properties into lower risk, longer life onshore oil and natural gas fields. In response to this shift in strategy we have added new team members with extensive experience in our new areas of operations to lead our technical and operational efforts. We have initiated the first steps in this strategy with acquisitions in the Permian Basin of West Texas and the Haynesville Shale of northern Louisiana. These acquisitions have added acreage for the drilling of over 300 wells in the Permian Basin Wolfberry Trend and seven wells in the Haynesville Shale. We view these acquisitions as initial entry positions into two of the most attractive oil and gas plays in the onshore U.S.

We replaced 127% of our production in 2009 and our current proved, probable and possible un-risked reserves are estimated to be 27.8 million barrels of oil equivalent. Over 70% of our anticipated revenue for 2010 will be from oil and natural gas liquids.

Highlights from the first nine months of 2010 include:

•Drilled and placed on production nine wells in the Permian Basin, increasing our net production in the play by 43% to 500 barrels of oil equivalent per day (Boe/d) and our proved reserves by 2.1 million of barrels of oil equivalent (MMboe). As of September 30, 2010, we were drilling two wells and had two wells awaiting fracture stimulation. With two rigs running in the Permian Basin, the company expects to drill a total of 23 wells in 2010, increasing net production of oil to approximately 750 Boe/d by year-end.

•Completed and placed on production our first operated Haynesville Shale well, which began producing at a restricted flow rate of 10.5 million cubic feet of natural gas equivalent per day (MMcfe/d). This is the first of seven planned Haynesville wells. Through September 30, 2010, a total of 2.3 MMboe have been converted from probable reserves to proved status.

•Total proved reserves based on internal engineering estimates have increased to 13 MMboe as of September 30, 2010, a 34% increase year-to-date.

•The borrowing base on the company's credit facility was increased 50% to $30 million based on the growth of the company's proved reserves.

"With the third quarter, we delivered another period of positive execution of our strategic growth plan that we implemented a little more than a year ago," Fred Callon, Chairman and CEO, points out. "This time last year, we had no onshore oil production. Today we are reporting onshore oil production of 500 net barrels per day, and we have our Haynesville Shale acreage held by production. Our diversification strategy for reinvesting cash flow generated from our offshore deepwater fields into lower-risk onshore oil and shale gas plays has enabled us to increase our long-term visible growth prospects, strengthen our balance sheet and continue growing per-share value."

Shares of Callon Petroleum Company common stock are traded on the New York Stock Exchange under the symbol “CPE.” The Company's objective is to enhance stockholder value through sustained growth in its reserve base, production levels and resulting cash flows from operations.

Callon Home Page:
Operations overview with interactive map like the one pictured below:







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Current Price
Bid Ask Day's Range
CPE News: Securities Registration: Business Combination (s-4) 04/13/2017 04:01:11 PM
CPE News: Current Report Filing (8-k) 04/13/2017 01:12:08 PM
CPE News: Callon Petroleum Company Announces First Quarter 2017 Earnings Release and Conference Call Schedule 04/11/2017 04:41:00 PM
CPE News: Schedule 13g 04/10/2017 11:37:18 AM
CPE News: Proxy Statement (definitive) (def 14a) 03/29/2017 05:18:08 PM
#968   Callon Petroleum (NYSE:CPE) -2.8% AH after agreeing to catdaddyrt 12/13/16 05:32:29 PM
#967   Come on CPE pull on back and coil catdaddyrt 12/05/16 05:15:47 PM
#966   I have had my teeth knocked out by catdaddyrt 12/01/16 02:47:06 PM
#965   Yes, I did make out well. I've been Uranium 12/01/16 01:12:09 PM
#964   I left a lot on the table but catdaddyrt 12/01/16 11:59:59 AM
#963   I did it. Sold the last of what Uranium 11/30/16 03:55:38 PM
#962   I'm debating on pulling the trigger before close today Uranium 11/30/16 03:37:57 PM
#961   Ouch I left 1.00 catdaddyrt 11/30/16 03:04:51 PM
#960   now look at her go - nothing catdaddyrt 11/30/16 10:44:26 AM
#959   wow nice recovery from the unfounded drop yesterday catdaddyrt 11/30/16 10:16:01 AM
#958   The best is yet to come here I catdaddyrt 11/22/16 07:22:19 AM
#957   Maybe I'll hold for a while and trade Uranium 11/21/16 07:15:10 PM
#956   I took profit not too long ago I catdaddyrt 11/21/16 06:27:38 PM
#955   Hey catd, I sold off most of my Uranium 11/18/16 08:07:46 PM
#954   14.38s for starts here catdaddyrt 11/18/16 11:43:30 AM
#953   Looks like a small drop in premarket ........................ catdaddyrt 10/20/16 09:33:19 AM
#952   Back in the hunt here - catdaddyrt 10/19/16 02:46:01 PM
#951   wowser- nice end of the week I am catdaddyrt 09/30/16 03:02:05 PM
#950   Callon is obviously not done acquiring assets. The catdaddyrt 09/12/16 04:22:17 PM
#949   BUY BUYY BUY stockprofitter 09/08/16 03:36:32 AM
#947   Wow strong day here again !!! catdaddyrt 08/11/16 03:58:14 PM
#945   I came back in the 11s but I catdaddyrt 08/09/16 04:16:06 PM
#944   It's been a sweet ride up Uranium 08/09/16 03:46:40 PM
#943   not red anymore - nice move Callon catdaddyrt 08/09/16 02:17:10 PM
#942   70 miles away - I am red here catdaddyrt 07/19/16 04:28:18 PM
#941   Time to buy some of this beast - catdaddyrt 07/11/16 04:17:09 PM
#940   Time to short. Cerp 05/16/16 09:35:54 PM
#939   Shorts dream stockprofitter 04/25/16 09:36:38 AM
#938   Lower. Gaps all over the place at 8 ish. stockprofitter 04/25/16 09:36:10 AM
#937   Hey fact, I am not too familiar with Wifesmoney 04/20/16 07:05:11 PM
#936   $CPE Huge gap that must fill at stockprofitter 04/20/16 11:48:52 AM
#935   Pump and dump stock. Cerp 04/04/16 01:00:51 PM
#934   $FANG and others are relatively expensive in comparison stockprofitter 03/03/16 10:13:38 AM
#933   $CPE UGRADE ~ $12 PRICE TARGET > > stockprofitter 10/21/15 11:42:38 AM
#932   Can't say I disagree. Until trend takes shape Timothy Smith 10/19/15 04:35:18 PM
#931   Well, $CPE looks already topped off, like $FANG DocLevi 10/17/15 09:21:35 PM
#930   $CPE is initiated with a Sector Perform rating Timothy Smith 09/21/15 12:03:08 PM
#929   $CPE recent news/filings stocktrademan 09/16/15 11:34:38 AM
#928   Harsh Singh Chauhan catdaddyrt 07/07/15 03:31:36 PM
#927   Callon Petroleum (CPE +3.1%) is initiated with a Timothy Smith 06/25/15 11:18:44 PM
#926   CPE has really made a nice recovery catdaddyrt 06/11/15 09:22:19 AM
#925   $CPE recent news/filings stocktrademan 06/09/15 12:52:01 PM
#924   Why is this going up earnings were crappy dloggold 05/08/15 01:57:39 PM
#923   Did not hit. 5 yet. Patiently waiting dloggold 05/07/15 05:27:32 PM
#922   When it's two times earnings dloggold 05/07/15 08:08:24 AM
#921   Don't know I may buy if it goes dloggold 05/07/15 07:51:13 AM
#920   Is that a good thing? saltylooks93 05/07/15 12:29:03 AM
#919   This stock is dirt cheap dloggold 05/06/15 06:03:34 PM
#918   $CPE recent news/filings stocktrademan 04/07/15 02:07:35 PM
#917   Marshall Hargrave, stockpucker (445 clicks) catdaddyrt 03/30/15 02:35:13 PM