Home » NEWS » Callon not expecting impact from moratorium

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.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply