Callon Petroleum buying wells from Ambrose

NATCHEZ — Callon Petroleum Company has signed a purchase and sale agreement with Ambrose Energy I, Ltd., a subsidiary of ExL Petroleum, LP, to acquire its interests in 22 producing wells located in Crockett, Ector, Midland and Upton Counties, Texas, for $16.25 million. The company estimates the total proved reserves being acquired to be approximately [...] [...]