Updates 2020 Operating Plan and Outlook Enters Into Private Debt Exchange Agreement Callon Petroleum Company today reported results of operations for the three and nine months ended September 30, 2020. Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site. Recent Highlights Delivered [...]
Callon Petroleum Company plans to host a conference call to discuss its third quarter 2020 financial and operating results. Webcast: Date: November 3, 2020 Time: 9:00 a.m. Central Time Webcast: www.callon.com Select "News and 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 [...]
Cash proceeds enhance liquidity and advance deleveraging initiatives Fall 2020 credit facility redetermination completed with borrowing base and elected commitments set at $1.6 billion pro forma for the transactions Callon Petroleum Company today announced additional initiatives to enhance liquidity, consistent with the Company's commitment to proactively addressing its capital structure. The transactions announced today [...]
Callon Petroleum Company today released its inaugural sustainability report. The online report outlines Callon's commitment to environmental responsibility, health and safety, community engagement, governance, and business ethics. The report is available on the Company's website at www.callon.com/sustainability. Commenting on the inaugural report, President and Chief Executive Officer Joe Gatto shared, "At Callon, we [...]
Updates 2020 Operating Plan and Outlook Callon Petroleum Company today reported results of operations for the three and six months ended June 30, 2020. Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site. Recent Highlights Delivered production of approximately 108.7 Mboe/d , above the [...]
Callon Petroleum Company plans to host a conference call to discuss its second quarter 2020 financial and operating results. Webcast: Date: August 5, 2020 Time: 8:00 a.m. Central Time Webcast: www.callon.com Select "News and 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 [...]
Callon Petroleum Company today announced that it terminated its previously announced private exchange offer to holders of its outstanding 6.25% Senior Notes due 2023 , 8.25% Senior Notes due 2025 , 6.125% Senior Notes due 2024 and 6.375% Senior Notes due 2026 to exchange their Old Notes for up to $300,000,000 aggregate principal amount of newly issued 8.00% Second Lien Senior Secured Notes due 2025 . All Old Notes [...]
Callon Petroleum Company today announced it has commenced a private exchange offer to each Eligible Holder of its 6.25% Senior Notes due 2023, its 8.25% Senior Notes due 2025, its 6.125% Senior Notes due 2024 and its 6.375% Senior Notes due 2026 to exchange their Old Notes for up to $300,000,000 aggregate principal amount of newly issued 8.00% Second Lien Senior Secured Notes due 2025, in each case upon the terms and [...]
Callon Petroleum Company today reported results of operations for the three months ended March 31, 2020. Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site. Recent Actions In response to the recent commodity price collapse and the global impact of the novel coronavirus pandemic , Callon [...]
Callon Petroleum Company plans to host a conference call to discuss its first quarter 2020 financial and operating results. Webcast and Conference Call: Date: May 11, 2020 Time: 10:00 a.m. Central Time Webcast: www.callon.com Select "News and Events" under the "Investors" section of the website. Conference Call: Domestic: 1-888-317-6003 Canada: 1-866-284-3684 International: 1-412-317-6061 Access code: 3226979 An archive [...]
Plans to Further Reduce Capital and Cost Structure Provides Updates on Additional Strategic Hedging and Term Sale Agreements Callon Petroleum Company today announced that on April 10, 2020, it received formal notice from the New York Stock Exchange that the average closing price of Callon's shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average [...]
Callon Petroleum Company today provided an update on its 2020 development program, prioritizing free cash flow and financial flexibility in 2020 and beyond. The revised plan accounts for recent changes in the macroeconomic outlook, including the following highlights: Reducing operational capital plan for full-year 2020 to $700 to $725 million from $975 million, significantly reducing average quarterly expenditures for the [...]