Energy company looking to sell interest in Gulf oil field
Published: April 30,2013
NATCHEZ — Callon Petroleum Co. says it’s trying to sell its interest in a Gulf of Mexico oil field.
The company announced its board has authorized Jeffries LLC to try to sell its 15 percent interest in the Medusa deep-water field and 10 percent in Medusa Spar LLC, the company that owns the production platform for the field.
Chairman and CEO Fred Callon says the potential sale is part of the company’s refocusing toward operations in west Texas’ Permian Basin. Callon says selling Medusa would give the company money to speed up drilling in Texas and buy more drilling rights in the region.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- After review, MSU moves forward on new research facility
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- SpaceX, Stennis officially open new rocket test stand
- Acco Brands investing $1.6M, adding 162 workers
- Gulf LNG terminal mulling export opportunities
- Secretary of State's Office transitioning to new location