Callon Petroleum Company announced the closing of its previously announced acquisition of oil and natural gas assets in the southern Delaware Basin from American Resource Development LLC. Information on assets, buyers and sellers, deal values, and more. Callon Petroleum. A leading operator in the Permian Basin and Eagle Ford Shale | Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of West and South Texas. www.ogj.com is using a security service for protection against online attacks. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Texas Pacific Land Corp could be a good stock to invest in. Callon Petroleum Company Announces Closing of Core Delaware Basin Callon Petroleum ranks #20 in wells drilled in 2022 with 104 wells drilled in the Mid Continent of the US. Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of West and South Texas. If youre on the fence about investing in Callon Petroleum Company or Texas Pacific Land Corp because youre not sure how they measure up, its important to compare them on a few factors before making your decision. Callon Petroleum Reviews: What Is It Like to Work At Callon Petroleum Phone 1 281 589-5200. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. Our integrated, future development plans will benefit greatly from the combined Delaware scale and we expect to generate approximately 30% more adjusted free cash flow[2] from the third quarter of 2021 through year-end 2023 under our conservative planning price assumptions[3]. scusiamo se questo pu causarti degli inconvenienti. We are consistently open, honest, ethical and genuine. Si continas recibiendo este mensaje, infrmanos del problema On February 13, 2017, the Company completed the acquisition of approximately 16,700 net surface acres in Ward and Pecos Counties, Texas, comprised of an initially disclosed amount of 16,098 net acres and an . Bids are due at noon CST on Aug. 3. Currently, Texas Pacific Land Corp's price-earnings ratio is 22.8. Ward County, TX ranks #15 in the state for BOE produced in the most recent month (Aug 2022). Callon President and Chief Executive Officer Joe Gatto commented: "The Primexx transaction checks every operational and financial box on the list of compelling attributes of consolidation. Adjusted free cash flow is not a measure of a company's financial performance under GAAP and should not be considered as an alternative to net cash provided by operating activities, or as a measure of liquidity, or as an alternative to net income (loss). para informarnos de que tienes problemas. Recommend. JOB DETAILS. Overall, Callon Petroleum Company stock has a Value Score of 96, Momentum Score of 40 and Estimate Revisions Score of 26. Mark BrewerDirector of Investor RelationsCallon Petroleum Companyir@callon.com (281) 589-5200, Cautionary Statement Regarding Forward-Looking Information. real person. Callon Petroleum Co. company facts, information and financial ratios from MarketWatch. POSTED. Reeves County, TX ranks #1 in the state for BOE produced in the most recent month (Jun 2020). The Company is unable to reconcile the projected adjusted free cash flow (non-GAAP) and adjusted EBITDA (non-GAAP) metrics included in this release to projected net cash provided by operating activities (GAAP) and net income (loss) (GAAP), respectively, because components of the calculations are inherently unpredictable, such as changes to current assets and liabilities, the timing of capital expenditures, movements in oil and gas pricing, unknown future events, and estimating future certain GAAP measures. The cash portion of the purchase price can be financed using available capacity under the current credit facility with near-term repayment coming from forecasted free cash flow and proceeds from in-process divestiture initiatives. Read More. With these transactions, Callon will: The acquisition considerationincludes $440 million in cash and 9.19 million shares of CPE stock issued to the seller, subject to closing adjustments. 33 Petroleum jobs available in Pecos, TX on Indeed.com. Callon's proven ability to integrate and further optimize assets in its core operating areas represents untapped upside to the already attractive pro forma accretion to all key per share financial metrics. Prices for top E&P stocks and commodities. I only worked for Callon thru April 17, 2022, as a member of the transition team. . Forward-looking statements include all statements regarding the implementation of the Company's business plans and strategy, including future drilling plans, as well as statements including the words "believe," "expect," "plans" and words of similar meaning. Gross wells turned to sales are expected to be 33 38gross wells (31 36 net). Callon Petroleum Operating Company provides operating services for wells located in the Gulf of Mexico and on land in Louisiana and West Texas. to let us know you're having trouble. Texas Pacific Land Corp has a Value Score of 12, which is Ultra Expensive. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Callon Petroleum to Acquire Primexx to Build upon Delaware Basin Post Jobs. from 8 AM - 9 PM ET. By signing up you agree to receive content from us. Callon Petroleum Company is an independent oil and natural gas company. Ci Contact During that time, they took good care of us. Callon Petroleum Permian Basin. For further information contact: Tony Long, P.E. - Production Engineering Manager - Callon Petroleum This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Learn more about A+ Investor here! Apply. Callon Petroleum | 15,091 followers on LinkedIn. The Land and Resource Management segment encompasses the business of managing approximately 874,000 surface acres of land and its oil and gas royalty interests in West Texas. CPE | Callon Petroleum Co. Profile | MarketWatch Onze Join thousands of A+ Investor subscribers and get in-depth stock research and tools to make smarter investment decisions. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Callon Petroleum Company is an independent oil and natural gas company focused on growing production and reserves from our oil-weighted, multi-play, multi-pay assets in the Permian and Eagle Ford Basins.Our people are passionate and innovative, shape our understanding of what is possible and challenge us to consider new ideas. Callon Petroleum Operating Company - Lease Operator - Pecos, TX Austin, Texas 78746 message, please email excuses voor het ongemak. www.ogj.com is using a security service for protection against online attacks. las molestias. Callon Petroleum 1 year 1 month Production Engineering Manager Feb 2023 - Present4 months Midland, Texas, United States Senior Production Engineer May 2022 - Feb 202310 months Midland,. Marketed: Callon Petroleum Operated Midland Basin Sale, Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), Alberta Regulator Monitoring More Avian Deaths at Suncor Tailings Pond, Crestwood Publishes Fifth Annual Sustainability Report, Raven SR Announces Approval Permit for Bioenergy Project, Canadian Wildfire Emissions Reach Record High in 2023, Tier 1 Operated Midland Basin footprint across four units in Midland and Howard counties, Texas, Combined 1,150 net acres with future development flexibility (100% HBP / all depths owned), Proven asset with excellent results from 18 horizontal wells on position, Legacy Production Base with Substantial Cash Flow, Net production of 964 boe/d (78% Liquids), Projected next 12-month PDP cash flow: $11.1 million, PDP PV-10: $44 million / Total PV-10: $109 million, Proven, High Return, Drill-Ready Locations, 32 quantified horizontal locations targeting the Middle Spraberry, Lower Spraberry, Wolfcamp A and Wolfcamp B formations, Excellent IRRs based on current Nymex Strip pricing. Dont Forget Your Free Special Report on How A+ Grades Can Help You Make Investment Decisions. Callon Petroleum Company | Houston TX - Facebook 2000 W. Sam Houston Parkway SouthHouston, TX 77042 1. Inclusive of the incremental acreage and the purchase of the midstream assets of Ameredev Midstream Development LLC, total cash consideration paid for the acquisition was$633 million, subject to customary purchase price adjustments. ein Mensch und keine Maschine sind. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. We always strive to do the right thing and pride ourselves on being a preferred partner. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. para nos informar sobre o problema. Type Public Status Active Founded 1950 HQ Houston, TX, US | view all locations Website http://www.callon.com/ Cybersecurity rating ESG rating 50-59 out of 100 | View all ESG data Sectors Energy & Utilities Texas Pacific Land Corp stock has a Value Score of 12, Momentum Score of 36 and Estimate Revisions Score of 61. AAII can help you figure out which investments align with your individual needs and preferences. to let us know you're having trouble. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Additionally, the acquisition increases the oil cut of Callon's Delaware business and improves corporate-level cash margins. The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 6,588 wells that have been drilled from Jan 1993 to Jun 2020. Aydanos a proteger Glassdoor verificando que eres una persona real. Caso continue recebendo esta mensagem, Select "News and Events" under the "Investors" section of the Company's website: www.callon.com. The Company?s activities are primarily focused on horizontal development in the Midland and Delaware Basins, both of which are part of the larger Permian Basin in West Texas, as well as the Eagle Ford in South Texas. The full disclaimer can be read here. Year-over-year quarterly sales growth most recently was -0.6%. Year-over-year quarterly sales growth most recently . The following information is provided byTenOaks Energy Advisors LLC. When typing in this field, a list of search results will appear and be automatically updated as you type. 30+ days ago. Comparing Callon Petroleum Company and Texas Pacific Land Corps grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. Wir entschuldigen uns fr die Umstnde. Which Is a Better Investment, Callon Petroleum Company or Texas Pacific As of June 29, 2023, Callon Petroleum Company had a $2.1 billion market capitalization, compared to the Oil & Gas - Exploration and Production median of $559.5 million. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. RBC is serving as exclusive financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Primexx. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie 2023-06-27 - As of June 26, the annual emissions from these fires are now the largest for Canada since satellite monitoring began in 2003. Lamentamos On this day last year, we shared the opening of our newest South Texas well and - today - we Liked by Juan. Typically, AAII looks at the weighted relative strength over the trailing four quarters. About Callon Operations Overview Select "News and Events" under the "Investors" section of the Company's website: https://www.prnewswire.com/news-releases/callon-petroleum-to-acquire-primexx-to-build-upon-delaware-basin-foundation-and-accelerate-value-creation-for-shareholders-301347938.html. 15 Callon Petroleum Operating Company jobs available on Indeed.com. enva un correo electrnico a The service requires full cookie support in order to view this website. Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas. Callon has entered into voting agreements in support of the share issuance with shareholders representing approximately 16 million, or 30%, of the shares anticipated to be outstanding upon closing of the Primexx transaction. Please join Callon Petroleum Company via the Internet for a webcast of the conference call: Wednesday, August 4, 2021, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). for the Texas Oil & Gas Pipeline and Facility Projects June 1, 2023, Eagle Ford 1.1 million b/d production in April, Nebraska solar farm destroyed by baseball-sized hail. Please enable Cookies and reload the page. 2023 Hart Energy. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. Sort & Filter . verdade. Terms of Use. The cash and stock transaction is valued at approximately $788 million[1], representing a headline purchase price multiple of approximately $43,800 per Boe/d, based on second quarter production. Callon entered the second quarter running seven drilling rigs, four in the Delaware Basin, two in the Midland Basin, and one in the Eagle Ford and drilled 35 wells on Q1 2023. Second quarter guidance are available in the accompanying presentation. Please enable cookies on your browser and try again. envie um e-mail para RT=Real-Time, EOD=End of Day, PD=Previous Day. Texas Pacific Land Corp's stock is NA in 2023, NA in the previous five trading days and down 11.97% in the past year. These measures, detailed below, are provided in addition to, and not as an alternative for, and should be read in conjunction with, the information contained in our financial statements prepared in accordance with GAAP (including the notes), included in our filings with the SEC and posted on our website. Callon Petroleum Company common stock is traded on the New York Stock Exchange under the symbol "CPE.". Callon Petroleum Operating Co. retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated Midland Basin properties in West Texas. Demonstrated strong well results and established infrastructure pave the way for the seamless addition of Primexx's current two-rig program into Callon's multi-year development plans. In addition, a second 10,000 drilled lateral targeting the Wolfcamp B is awaiting completion in an offsetting drilling unit. Under the terms of the agreement, Percussion will receive $265 million of cash and a maximum of 6.46 million shares of Callon common stock. Distance Job Type. June 30, 2023. The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 9,806 wells that have been drilled from Jan 1993 to Aug 2022.