Jeff Balmer to Retire from Position, Russell Parker to Succeed Him as COO Callon Petroleum Company today announced that Russell Parker is expected to join the Company as Senior Vice President and Chief Operating Officer in late June. Mr. Parker will succeed Dr. Jeff Balmer who plans to retire upon his successor's appointment. Russell Parker is an experienced leader with more than 20 years of operations and strategic [...]
Callon Petroleum Company intends to participate in the follow upcoming investor events and plans to post an updated investor presentation to the Company's website on May 15, 2023. The updated Company presentation will be available at www.callon.com/investors. May 16, 2023 - TPH & Co. Hotter-Than-Hell Energy Conference. President and Chief Executive Officer, Joe Gatto, will host an investor dinner. May 17 - 18, 2023 - RBC [...]
Transactions solidify Company's Permian focus and accelerate achievement of debt milestone Company to launch $300 million share buyback at closing Callon Petroleum 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. Callon has entered [...]
Reported net income of $220.6 million, or $3.57 per diluted share Reported adjusted income of $119.9 million, or $1.94 per diluted share 1Q23 production in line with guidance with capital expenditures below guidance Increased drilling and completions efficiencies through simultaneous operations on larger projects Debt moves lower for the eleventh consecutive quarter Callon Petroleum Company today reported first quarter [...]
Callon Petroleum Company today announced that Matthew R. Bob has been named Chair of the Board of Directors and James Craddock has been elected as a new member of the Board by the shareholders of the Company. Mr. Bob's appointment follows the retirement of former Chair L. Richard Flury and reflects the ongoing refreshment and succession planning efforts of the Board. Mr. Bob has served on the Callon Board since 2014. He [...]
Callon Petroleum Company plans to host a conference call to discuss its first quarter 2023 financial and operating results. Webcast: Date: May 4, 2023 Time: 8:00 a.m. Central Time Webcast: www.callon.com Select "News/Events" under the "Investors" section of the website. An archive of the conference call webcast will be available at www.callon.com under the "Investors" section of the website. The Company plans to release [...]
Capital budget implies approximately 60% reinvestment rate, improving capital efficiencies and further debt reduction Company projected to reach key $2 billion debt milestone in 2H23 Callon Petroleum Company today announced its 2023 Outlook in conjunction with the release of its fourth quarter and full-year 2022 financial and operating results. A conference call is planned for 8 a.m. CT, Thursday, February 23, 2023 [...]
FY22 net cash provided by operating activities and net income set Company records Increased full year operating margin by nearly 40% 4Q22 and FY22 capital expenditures and production in-line with guidance Callon Petroleum Company today reported fourth quarter and full year 2022 financial and operating results. In addition, Callon today issued a separate release on its 2023 outlook. Slides accompanying today's releases are [...]
Callon Petroleum Company today announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 Annual Meeting of Shareholders . "With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our [...]
Callon Petroleum Company plans to host a conference call to discuss its fourth quarter and full year 2022 financial and operating results. Webcast: Date: February 23, 2023 Time: 8:00 a.m. Central Time Webcast: www.callon.com Select "News/Events" under the "Investors" section of the website. An archive of the conference call webcast will be available at www.callon.com under the "Investors" section of the website. The [...]
Callon Petroleum Company today announced that the Company has added to its management team with three hires across areas of strategic focus for the Company. In recent months, Callon has welcomed Carrie Endorf as Vice President of Asset Development & Technology, Doug Genrich as Vice President of Drilling & Completions, and Angie Day as Chief Information Officer and Vice President of Information Technology. "I am excited to [...]
Callon Petroleum Company today announced that Michael L. Finch has stepped down as a director of the Company. "Mike has served Callon with dedication since 2015. On behalf of the board of directors, the management team, and our shareholders, I want to thank him for his valuable contributions to the Company over the past seven years," said Chairman of the Board Richard Flury. "We wish Mike and his wife all the best in the [...]
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