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Tag Archives: Fred Callon

Callon, Lone Star reach agreement on board of directors

NATCHEZ — Callon Petroleum Company has reached an agreement with Lone Star Value Management, LLC. Pursuant to the agreement, Callon has agreed to expand the size of its board of directors from six to eight directors and to designate two new independent directors — Matthew Regis Bob, managing member of MB Exploration, and James M. Trimble, CEO and president of ...

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Callon Petroleum selling Gulf asset for $100M

NATCHEZ — W&T Offshore Inc. plans to buy Callon Petroleum Co.’s shares of Gulf of Mexico oil and gas fields for $100 million. Callon announced the sale Thursday. It’s supposed to close by Nov. 30. Houston-based W&T will buy a 15 percent share of the Medusa field, which produces about 1,000 barrels of oil per day, and Callon’s 7.5 percent ...

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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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Callon: Onshore operations exceeding expectations

Haynesville Shale producing, but the Natchez-based petroleum group is minimizing recovery there in the interest of long term production results Natchez-based Callon Petroleum Co.’s move into onshore drilling is apparently paying off. In a late September operations update, the company said proved reserves increased to 13 million net barrels of oil equivalent (MMBoe) on Sept. 1, representing a 34 percent ...

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