Vice President and Chief Accounting Officer. They set a "hold" rating on the stock. Jefferies LLC acted as financial advisor to Callon for the issuance of the 2nd Lien Notes and for the ORRI transaction. HOUSTON, May 3, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today signed two definitive agreements that streamline and focus Callon's operations, accelerate the achievement of its debt reduction target and allow for the initiation of a shareholder return program in the third quarter of 2023. Overview Management Team Board of Directors Governance FAQ Joseph C. Gatto, Jr. President, Chief Executive Officer and Director Kevin Haggard Senior Vice President and Chief Financial Officer Jeff Balmer, PHD Senior Vice President and Chief Operating Officer Michol L. Ecklund Senior Vice President, General Counsel and Corporate Secretary Rex Bigler Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of West and South Texas. Callon to Acquire Core Delaware Basin Assets and Exit Eagle Ford The Company has completed the fall borrowing base redetermination for its senior secured credit facility resulting in a reaffirmation of Callon's borrowing base at $1.7 billion. Callon renovated a former grocery warehouse in Natchez to use as a headquarters in the late 1970s. Callon Petroleum was privately held until 1974. The transactions announced today immediately strengthen Callon's balance sheet and enhance near-term liquidity, well ahead of debt maturities and with the support of key financial stakeholders. Callon Petroleum Company | Houston TX At 25 million barrels, it equaled Callon's 1962 Quitman Bayou find. By hiring quality employees across various disciplines, we have built a strong and seasoned employee base. Since 1950, Callon Petroleum has been focusing on the exploration, development, acquisition and production of unconventional onshore oil and natural gas properties in the Permian Basin. We foster an entrepreneurial environment where we empower employees and engage team members in decision-making at every level. Callon Petroleum Company Phone: 281-368-7714 Toll Free: 800-451-1294 ext. Callon Petroleum Company About Senior legal professional with cross functional skills in legal and non-legal roles Experience in counseling boards and executives on strategic, legal, and. Contact :: Callon Petroleum Company (CPE) You'll also want to look at your portfolio's asset . HOUSTON, Oct. 1, 2020 /PRNewswire/ -- Callon Petroleum Company ("Callon" or the "Company") (NYSE: CPE) today announced additional initiatives to enhance liquidity, consistent with the. We also develop people. An advanced, environmentally friendly computerized drilling platform and a 12-mile pipeline were included in the deal. WARNING: Mandatory U.S. Dollar Recall to Begin on July 26? These statements reflect the Company's current views with respect to future events and financial performance based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. 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This division was soon accounting for a quarter of Callon's total revenues, which were $6.6 million in the fiscal year ending May 31, 1980. He holds a Bachelor of Science degree in Petroleum Engineering from The University of Texas at Austin. RT=Real-Time, EOD=End of Day, PD=Previous Day. Condire Management LP purchased a new position in Callon Petroleum during the 3rd quarter valued at $19,492,000. View jobs Working at Callon Petroleum: 10 Reviews Review this company Job Title All Location United States 10 reviews Ratings by category 3.9 Work-Life Balance 4.4 Pay & Benefits 3.3 Job Security & Advancement 3.1 Management 4.0 Culture Sort by Helpfulness Rating Date Language The purchase was disclosed in a filing with the SEC, which is available at the SEC website. The company had revenue of $560 million for the quarter, compared to analysts' expectations of $535.29 million. View Micron Technology: A Reversal Is Imminent, View Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound. When typing in this field, a list of search results will appear and be automatically updated as you type. It became publicly owned towards the end of the year following a merger with the newly formed Pacific Oil and Gas Development Corporation/Pacific Energy Corporation. Senior Vice President and Chief Financial Officer at Callon Petroleum Company Houston, Texas, United States. in Finance/Real Estate, Cornell University, M.B.A. in Strategy/Finance, The Wharton School of the University of Pennsylvania. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and Callon Petroleum wasn't on the list. 2000 W. SAM HOUSTON PKWY. In the dozen years after 1975, the business had expanded to 27 limited partnerships, which were merged into the publicly traded Callon Consolidated Partnership, L.P. (CCP) in 1987. Applicants will receive fair and impartial consideration without regard to race, color, religion, sex, national origin, disability and genetic information, age, or any other factor protected by law. Terms of Use. View Three High-Dividend Yield Stocks For Stable Income And Growth, View 3 Proven Ways for Weekly Retirement Income, View Mullen: The Back-Handed Slap Of Good News. Add to a list. The stock has a market cap of $2.17 billion, a P/E ratio of 1.56 and a beta of 2.75. Laser breakthrough could send stock soaring 2,467%. The site would eventually house a considerable computer operation dedicated to modeling the company's new oil and gas properties. J.MichaelHastingsjoined Callon asDirector of MarketinginJune2015, and became Vice President,Marketingin 2019. , . Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. . 835 followers 500+ connections. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. contact@marketbeat.com StockNews.com started coverage on Callon Petroleum in a research note on Thursday, May 18th. CALLON PETROLEUM COMPANY. Barclays acted as exclusive financial advisor and Sidley Austin LLP acted as legal advisor to Kimmeridge. At age 60, John Callon added the position of chairman to his duties as president and CEO upon the January 1981 retirement of his older brother Sim, then 64 years old. Carrie Endorf serves as Callons Vice President of Asset Development & Technology. United States. Callon ventured out of its traditional shallow waters in the late 1990s, partnering with Shell Oil and Murphy Exploration & Production Company to probe deeper in the Gulf of Mexico. In-depth profiles and analysis for 20,000 public companies. After joining Encana in 2008, he held various leadership roles including Vice President and General Manager, Western Operating Area, managing operations in the Eagle Ford, DJ, San Juan, Piceance and Wind River Basins, and Vice President, Emerging Plays. Terms of Use. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Revenues were up nearly 50 percent to $58.1 million, while net income nearly quadrupled to $12.5 million. This news release is posted on the Company's website at www.callon.com and will be archived there for subsequent review under the "News" link on the top of the homepage. Callon's estimated proved reserves stood at approximately 485 million barrels of oil equivalent. The oil and natural gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by $0.02. In 1954, brother Sim C. Callon was brought into the operation, then known as Callon Oil & Gas Company. MetroNational is in the design and site selection phase for the development's next office building, according to the company. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Callon Petroleum signs deal for new Memorial City HQ $475 million deal sees Houston-based company expand oil and gas Callon Petroleum Company Provides Operational Update and Increases Its The company's 50-day moving average price is $32.62 and its 200-day moving average price is $35.58. Transcript : Callon Petroleum Company, Q4 2021 Earnings Call, Feb 24, 2022. Historically, weve focused on the Midland Basin and entered the Delaware Basin through an acquisition completed in February 2017. In some cases, job-seekers are being contacted directly, both by phone and e-mail. CALLON PETROLEUM COMPANY : Stock Market News and Information | CE51 A historic Texas mansion in Brenham hit the market. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Principal Subsidiaries: Callon Petroleum Operating Company. News. Senior Vice President, General Counsel and Corporate Secretary. On average, equities research analysts forecast that Callon Petroleum will post 8.31 EPS for the current year. Following the purchase, the director now directly owns 562,824 shares in the company, valued at approximately $17,802,123.12. Callon Petroleum Company Company Profile | Houston, TX | Competitors Reservoir Engineer Job in Houston, TX at Callon Petroleum Operating Company Our people are passionate and innovative, and shape our understanding of what is possible and challenge us to consider new ideas. Our leadership team is dedicated to developing a winning culture, as well as maintaining our legacy of integrity and high standards of operational excellence and discipline. The year 1998 ended up being a difficult one for the oil and natural gas industry. Following the acquisition, the director now owns 610,208 shares in the company, valued at $18,611,344. Finally, Mizuho lifted their target price on Callon Petroleum from $54.00 to $59.00 in a research note on Friday. Prior to that, Mr. Kelly was the Associate Director for the Burkenroad Reports Equity Research Program at Tulane University and held credit trading and equity trading positions with Citigroup Global Capital Markets. The nine-story, 190,000-square-foot office building at 9753 Katy Freeway is set to open in 2024. Greg Conaway joined Callon Petroleum in conjunction with the merger of Callon Petroleum and Carrizo Oil and Gas in December 2019. Kirkland & Ellis LLP acted as legal advisor to Callon for the issuance of the 2nd Lien Notes and for the ORRI transaction. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. She began her career with Pioneer, holding positions of increasing responsibility within the companys operations and engineering teams. Should you invest $1,000 in Callon Petroleum right now? Insiders. in Environmental and Planning Engineering, from Missouri University of Science and Technology (formerly University of Missouri Rolla). Date of Earliest Transaction (MM/DD/YYYY) 6/28/2023 Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y la Poltica de cookies. If you are unable to locate the information you are seeking on our website, please feel free to contact: Kevin SmithDirector of Investor RelationsOrMeghan SpicerManager of Communications and Sustainability. As an independent energy company with over 1,700 gross drilling locations, Callon is one of the leading operators in Texas. "Taking the company public simplified and streamlined our business, gave some critical mass to the company, and put us in a position to take much larger interests in the things that we're doing," John S. Callon told the Mississippi Business Journal. Going public gave Callon the capital to exploit advances in exploration and production technology while pursuing aggressive policies for expansion. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Configuracin de privacidad y cookies o Panel de control de privacidad de nuestros sitios y aplicaciones. Callon will purchase the leasehold interests. MetroNational broke ground on the project in late 2019 and resumed construction in April. We see them around but we don't know what goes on behind the scenes. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.60. Market Data copyright 2023 QuoteMedia. Murphy Oil Corp. operated two, and Shell Oil Co. and Vastar Resources Inc., part of BP plc, operated one each. The company's share price fell 30 percent after three dry holes, two of them in deep water, were discovered in the first quarter. Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. Mr. Conaway is a CPA and holds a M.B.A. and B.B.A. To use this feature you must be a member. Nevertheless, the company had success with four out of six deepwater wells drilled. Callon Petroleum Co. Watch list After Hours Last Updated: Jun 21, 2023 6:55 p.m. EDT Delayed quote $ 34.30 -0.12 -0.35% After Hours Volume: 11.78K Advanced Charting Volume: 940.6K 65 Day Avg:. Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. CPE stock opened at $35.06 on Friday. ", RELATED: Houston's 12 biggest office leases of 2022. All rights reserved. At Callon, we develop more than energy resources. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. In June 1995, Callon agreed to buy oil and gas holdings in southeast Alabama from Scott Paper Co. for $12 million, which included interests in more than two dozen oil and gas fields, as well as ownership of a Scott subsidiary, the Escuhbia Oil Company. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. While Callon Petroleum currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Callon Petroleum Company Announces $170 Million in Asset Monetizations Every year, the Houston Chronicle publishes The Chronicle 100, a series of lists that encompass the breadth of the regional economy. Insiders have bought a total of 37,384 shares of company stock valued at $1,160,212 in the last quarter. AMD's Recent Correction: A Buying Opportunity For Investors? Callon spent $213 million acquiring oil and gas properties between 1989 and 1995. Also, Director Steven A. Webster bought 20,000 shares of the company's stock in a transaction dated Tuesday, May 9th. Terms of Use. The Company will provide additional detail on these and other environmental achievements and initiatives in its 2020 sustainability report, which it expects to issue by mid-year 2021. CALLON PETROLEUM COMPANY (Exact name of registrant as specified in its charter) One Briarlake Plaza 2000 W. Sam Houston Parkway S., Suite 2000 Houston, Texas 77042 (281) 589-5200 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Michol L. Ecklund Callon's total reserves were split 60-40 between oil and natural gas. Callon Petroleum (NYSE:CPE - Free Report) last posted its quarterly earnings data on Wednesday, May 3rd. 326 E 8th St #105, Sioux Falls, SD 57103 With an engaging atmosphere, supportive management team, great culture and top talent, theres an energy and excitement here that sets us apart. If youre interested in joining a growing team where your contributions are recognized, your career growth is accelerated and your work is rewarded with competitive pay and benefits, we invite you to explore opportunities at Callon Petroleum. Please send any questions or comments about this story to contact@marketbeat.com. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Mr. Haggard holds a Master of Management from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from Georgetown University. Document - SEC.gov Institutional investors and hedge funds have recently modified their holdings of the stock. Log in Sign up. Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. The price of oil fell from $40 to $11 per barrel in 1985 and 1986. The deal is among the largest leases in the Katy Freeway/Energy Corridor submarket in 2022. In other instances, these unauthorized individuals are placing advertisements for fake positions with both legitimate websites and fabricated ones. Callon Petroleum Co. signed a 107,000-square-foot office lease for its new headquarters in Memorial City, a development of Houston-based MetroNational. In 1993, Callon paid ARCO $31 million for a 94.4 percent working interest in North Dauphin Island Field, located in shallow waters off the coast of Alabama. Browse our commonly asked investor-related questions. Micron Technology: A Reversal Is Imminent, Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound, Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Rite Aid Could Become An Acquisition Target, Buffett's Berkshire Increases Stake In Occidental Petroleum (OXY). Separately, Callon recently entered into a definitive agreement to sell substantially all of its non-operated assets for gross cash proceeds of $30 million. Public Company Incorporated: 1950 Employees: 103 Sales: $61.75 million (2001) Stock Exchanges: New York Ticker Symbol: CPE NAIC: 211111 Crude Petroleum and Natural Gas Extraction Callon Petroleum Company has been searching the Gulf Coast for oil since 1950. Requirements A minimum of a Bachelor's Degree in Petroleum Engineering or a related discipline 3+ years' relevant reservoir engineering and transaction experience at an operator, private equity sponsor and/or investment bank Experience in Permian Basin, Eagle Ford and/or other onshore Lower 48 basins The overall Houston office vacancy rate climbed to 20.4 percent in the third quarter, according to commercial real estate firm Transwestern, up from 20.2 percent the year earlier and the five-year average of 18 percent. 1401 Enclave Pkwy. Principal Competitors: Apache Corporation; COHO Energy, Inc.; Nuevo Energy; Parker & Parsley; Stone Energy. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? Callon Petroleum Company has 5 employees across 4 locations and $3.23 b in annual revenue in FY 2022. Some of the factors which could affect our future results and could cause results to differ materially from those expressed in our forward-looking statements include the volatility of oil, natural gas and natural gas liquids ("NGLs") prices or a prolonged period of low oil, natural gas or NGLs prices and the effects of actions by, or disputes among or between, members of the Organization of Petroleum Exporting Countries, such as Saudi Arabia and other oil and natural gas producing countries, such as Russia, with respect to production levels or other matters related to the price of oil, general economic conditions, including the availability of credit and access to existing lines of credit, the effects of excess supply of oil and natural gas resulting from reduced demand caused by the COVID-19 pandemic and the actions of certain oil and natural gas producing countries, our ability to drill and complete wells, operational, regulatory and environment risks, cost and availability of equipment and labor, our ability to finance our activities, the ultimate timing, outcome and results of integrating the operations of Carrizo and Callon and the ability of the combined company to realize anticipated synergies and other benefits in the timeframe expected or at all, and other risks more fully discussed in our filings with the Securities and Exchange Commission (the "SEC"), including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent Quarterly Reports on Form 10-Q, available on our website or the SEC's website at www.sec.gov. Moderna: Declining Performance And Relative Weakness, Verve Therapeutics Gains 20.74% In June as Ark Funds Invest, Smart Global, Progress Software rise; Nike falls, Friday, 6/30/2023, Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. Identify stocks that meet your criteria using seven unique stock screeners. It had been discovered 43 years earlier by Gulf Oil Co. Callon studied the field, reengineered operations, and was able to reduce costs by nearly a third. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Callon also confirms our established practice to have no routine flaring on new well completions. A major pension fund, which the company did not reveal, provided three-quarters of the money needed for those acquisitions. This story was reviewed by MarketBeat's editorial team prior to publication. ", Callon appreciates the ideas of its employees and stands firm on its values. The average 12-month price target among brokers that have covered the stock in the last year is $56.13. Accounting ManagerPhone: 713-358-6205Toll Free: 800-451-1294E-mail: vendorrelations@callon.com, Land ManagerCallon Petroleum CompanyPhone: 281-368-7714Toll Free: 800-451-1294 ext. Further Reading. Strong history. HOUSTON, March 30, 2021 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the adoption of new environmental, social and governance ("ESG") initiatives, including an updated executive compensation program to better align with investor priorities and new commitments to quantitative greenhouse gas ("GHG") emissions reduction targets. We will continue to pursue initiatives that improve our financial position and are encouraged by the expanding spectrum of actionable alternatives that have emerged as we execute on our strategic plan as a scaled operator in premier operating areas.". Based in Houston, Texas Callon Petroleum Company engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. Vice President and Chief Information Officer. RBC Capital Markets acted as lead financial advisor for the ORRI transaction. These individuals are typically promising high-paying jobs with the requirement that the job-seeker send money to pay for things such as visa applications or processing fees. Callon Petroleum to acquire Primexx Energy Partners assets - Houston MetroNational has fully leased its 9753 Katy Freeway office building under construction in Memorial City with a November deal to bring the headquarters of Callon Petroleum to the 190,000-square-foot property.