NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 million for an underwriters’ discount ...Read More »
Tag Archives: Callon Petroleum Co.
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 ...Read More »
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 ...Read More »
Sim Chase Callon, who with his brother founded what is now Callon Petroleum Co., died at his home in Natchez March 28. He was 93. In the early 1950s, he joined his brother, John S. Callon, to form Callon Oil & Gas Company, which later became Callon Petroleum. Today, the company is listed on the New York Stock Exchange and ...Read More »