Callon not expecting impact from moratorium

NATCHEZ — Officials with Callon Petroleum, which has deep-water wells in the Gulf of Mexico, say they don’t have immediate plans that will be affected by the six-month moratorium on offshore drilling.

Callon spokesman Terry Trovato tells The Natchez Democrat that the company has not drilled any offshore wells in the Gulf in the last 18 months and has no plans to do so for the remainder of the year.

Trovato says operations at its two major oil-producing wells, Medusa and Habanero, have not been affected by the continuing BP oil spill.

He says 94 percent of Callon’s budget for capital expenditure for 2010 is being spent in the onshore Permain Basin of west Texas and in the Haynesville Shale in northern Louisiana.

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