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Tag Archives: Callon Petroleum

Callon calls Lone Star's actions 'ill-advised and self-serving'

NATCHEZ — Callon Petroleum Company has issued the following statement concerning recent demands made by Lone Star Value Management, LLC (“Lone Star”): “Lone Star’s demands appear both ill-advised and self-serving. By advocating for a sale now, Lone Star seems to be focused on realizing a quick trading profit, which would be contrary to the interests of the Company’s longer-term investors. In addition, ...

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Switch to natural gas a winner for Callon

One-fifth of production to come from onshore drilling by year’s end Callon Petroleum’s plan to reinvest revenue generated by its offshore drilling operations into onshore drilling operations has proven to be wise decision. Fred Callon, Callon’s chairman and CEO, said in a third quarter earnings conference call with analysts last week that onshore drilling represented 16 percent of the company’s ...

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