Callon Petroleum Company today announced that it has completed its acquisition of Carrizo Oil & Gas, Inc. As previously announced, current Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own. After the close of trading today, Carrizo common stock will no longer be listed for trading [...]
Callon Petroleum Company and Carrizo Oil & Gas, Inc. today announced that both companies' common shareholders voted to approve all proposals necessary for the parties' pending all-stock transaction at today's respective special meetings held by each company. The merger is expected to close by end of business today, December 20, 2019. Under the [...]
Callon Petroleum Company and Carrizo Oil & Gas, Inc. today announced that proxy advisory firm Institutional Shareholder Services, upon review of Callon's revised offer, now recommends that Callon shareholders vote "FOR" the acquisition of Carrizo and related proposals, as put forth in the proxy supplement filed on November 18, 2019. Additionally [...]
Carrizo Oil & Gas Inc. and Callon Petroleum Company today made announcements regarding the record dates for their respective reconvened special meetings of shareholders to consider and vote on matters relating to the Agreement and Plan of Merger, as amended, by and between Callon and Carrizo. Callon and Carrizo also announced that they will file [...]
Callon Petroleum Company and Carrizo Oil & Gas, Inc. today announced an amendment to the existing terms of their agreement for Callon to acquire Carrizo in an all-stock transaction. Under the amended terms, Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own. With the amended exchange [...]
Paulson & Co. Inc., as manager of funds holding 21.6 million shares, or 9.5% of those outstanding, of Callon Petroleum Company, today voted its Callon shares against the proposed acquisition of Carrizo Oil & Gas Inc. . Paulson notes that Institutional Shareholder Services and Glass Lewis & Co. both recommend that Callon shareholders vote against [...]
Carrizo Oil & Gas, Inc. today announced the Company’s financial results for the third quarter of 2019 and provided an operational update. Highlights include: Total production of 69,971 Boe/d, 8% above the third quarter of 2018 and 7% above the prior quarter. Crude oil production of 45,587 Bbls/d, 12% above the third quarter of 2018 and 3% above the [...]
Callon Petroleum Company today issued the following statement regarding its previously announced pending all-stock acquisition of Carrizo Oil & Gas, Inc.. Yesterday, Callon filed an investor presentation highlighting the benefits of the Carrizo transaction. The presentation is available on the Investor Relations section of the Company's website. As [...]
Callon Petroleum Company today announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with its previously announced pending all-stock acquisition of Carrizo Oil & Gas, Inc. The investor presentation is available on the Investor Relations section of the Company's website. Highlights of the [...]
Paulson & Co. Inc., as manager of funds holding 21.6 million shares, or 9.5% of those outstanding, of Callon Petroleum Company, today sent a follow-up letter to the board of Callon, released a presentation exposing numerous flaws in Callon's statements of the purported benefits of the proposed acquisition of Carrizo Oil & Gas Inc. and reiterated [...]
Carrizo Oil & Gas Inc. today provided an update on the Company’s operations for the third quarter. Production volumes during the third quarter of 2019 are currently expected to be 69,500-69,600 Boe/d, an increase of approximately 6% from the second quarter. Crude oil production is expected to account for approximately 66% of the [...]
Callon Petroleum Company today posted Investor Materials to the Company's website in connection with its pending all-stock acquisition of Carrizo Oil & Gas, Inc. The Investor Materials detail the benefits of the combined company, which will enable Callon to accelerate its free cash flow, capital efficiency and deleveraging goals through an [...]