Callon's exploration budget for 2000 was $35 million for the continental shelf and $48 million in deepwater. Stifel Nicolaus decreased their target price on Callon Petroleum from $58.00 to $53.00 in a research note on Tuesday, May 23rd. American Consumer News, LLC dba MarketBeat 2010-2023. Callon Petroleum Operating Company Company Profile | Houston, TX Principal Competitors: Apache Corporation; COHO Energy, Inc.; Nuevo Energy; Parker & Parsley; Stone Energy. Reservoir Engineer Job in Houston, TX at Callon Petroleum Operating Company At the same time as Callon was making this important find, oil and natural gas prices seemed to be rising. He has experience in virtually all major oil and gas play types, and has also worked international opportunities. Baker Hughes signed a lease for 130,000 square feet at 575 Dairy Ashford Road for the relocation of its headquarters to the Energy Corridor. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions. Callon Petroleum Company is an independent oil and natural gas exploration and production company based in Houston, Texas. Corporate Headquarters Address:2000 W. Sam Houston Parkway SouthSuite 2000Houston, Texas 77042Phone: 281-589-5200, Field Office Address:6 Desta DriveSuite 4000Midland, TX 79705Phone: 432-218-2800, Callon Petroleum Company2000 W. Sam Houston Parkway SouthSuite 2000Houston, Texas 77042. Unusual among its peers, the company was carrying practically no debt after a $30 million public offering of convertible preferred stock in November 1995. 1401 Enclave Pkwy. Condire Management LP purchased a new position in Callon Petroleum during the 3rd quarter valued at $19,492,000. This news release is posted on the Company's website at www.callon.com and will be archived there for subsequent review under the "News" link on the top of the homepage. HOUSTON, March 30, 2021 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced the adoption of new environmental, social and governance ("ESG") initiatives, including an updated executive compensation program to better align with investor priorities and new commitments to quantitative greenhouse gas ("GH. Our daily ratings and market update email newsletter. Finally, Marshall Wace LLP boosted its holdings in Callon Petroleum by 63.2% during the 3rd quarter. ", RELATED: Houston's 12 biggest office leases of 2022. Joe Gatto, President and CEO added: "Callon is also committed to sustainable and responsible development of our resources by mitigating the risks of climate change. Memorial City's 11 office buildings totaling nearly 3.5 million square feet are 94 percent leased, according to the developer. Skillful negotiating was the key to success here; few independents had as much experience operating in the Southeast. To build on the momentum we created in 2020, we have adopted meaningful goals to further reduce flaring and greenhouse gas emissions by 2025. Callons mission is to build trust, create value and drive sustainable growth responsibly for our investors, our employees and the communities in which we operate. Ms. Day holds a Bachelor degree in Computer Information Systems from the University of Houston Downtown. View which stocks are hot on social media with MarketBeat's trending stocks report. Any search firm that disregards this instruction must not expect us to pay a fee for any placement that results and proceeds at its own risk. Every year, the Houston Chronicle publishes The Chronicle 100, a series of lists that encompass the breadth of the regional economy. The company had revenue of $560.00 million for the quarter, compared to analysts' expectations of $535.29 million. American Stock Transfer (or AST) serves as Callons transfer agent. Office Information. Mr. Kelly graduated from Tulane University as an Aldrich Fellowship scholar with a Masters of Business Administration in 2011 and as a Deans Honor Scholar with an undergraduate degree in Finance in 2007. Moderna: Declining Performance And Relative Weakness, Verve Therapeutics Gains 20.74% In June as Ark Funds Invest, Smart Global, Progress Software rise; Nike falls, Friday, 6/30/2023, Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. The company focuses on developing unconventional shale resources in the Permian Basin of West Texas and New Mexico. Liam Kelly currently serves as our Vice President of Corporate Development where he leads our corporate development, business development and strategic planning teams. 1.80% of the stock is currently owned by insiders. CALLON PETROLEUM COMPANY (Exact name of registrant as specified in its charter) One Briarlake Plaza 2000 W. Sam Houston Parkway S., Suite 2000 Houston, Texas 77042 (281) 589-5200 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Michol L. Ecklund The stock has a market cap of $2.17 billion, a P/E ratio of 1.56 and a beta of 2.75. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. This fastest-growing team is located just minutes from our Permian Basin assets. Vice President of Asset Development & Technology. Callon Petroleum Company. However, company officials felt their stock was undervalued. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? 326 E 8th St #105, Sioux Falls, SD 57103 At 25 million barrels, it equaled Callon's 1962 Quitman Bayou find. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Shares of Callon Petroleum (NYSE:CPE - Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are covering the company, MarketBeat.com reports. The Houston Chronicle ranked Callon among its Top Workplaces in 2017, 2018, 2019, and again in 2020. It had been discovered 43 years earlier by Gulf Oil Co. Callon studied the field, reengineered operations, and was able to reduce costs by nearly a third. Vice President and Chief Information Officer. The stock was bought at an average price of $31.63 per share, with a total value of $632,600.00. In 2019, we expanded our portfolio to include production and assets in the Lower Eagle Ford Shale in South Texas. When typing in this field, a list of search results will appear and be automatically updated as you type. Further Reading. In other instances, these unauthorized individuals are placing advertisements for fake positions with both legitimate websites and fabricated ones. Prior to joining Callon, Mr. Conaway served as Vice President and Chief Accounting Officer of Carrizo from September 2014 December 2019, as Controller of Financial Reporting from May 2012 September 2014, and Assistant Controller from July 2011 May 2012. MetroNational is in the design and site selection phase for the development's next office building, according to the company. mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. Importantly, the asset monetizations are accretive to our 2021 leverage metrics given a blended transaction multiple of approximately 6.5 times projected operating cash flow at current strip pricing. Grant Thornton is Callons independent auditor / registered public accounting firm. Reducing GHG emissions intensity by over 20%, Reduce GHG emissions intensity by 40-50% relative to pro forma 2019 results, Reduce flared gas to less than 2% of gas produced. As a team member at Callon, youll be encouraged to accomplish your professional goals, and make a positive, lasting impact. Corporate Headquarters Address: 2000 W. Sam Houston Parkway South Suite 2000 Houston, Texas 77042 Phone: 281-589-5200 Field Office Address: 6 Desta Drive Suite 4000 Midland, TX 79705 Phone: 432-218-2800 Return to index What is Callon's mailing address? CALLON PETROLEUM COMPANY : Stock Market News and Information | CE51 Forward-looking statements include all statements regarding environmental performance, greenhouse gas emissions and flaring goals and initiatives, and the implementation of the Company's business plans and strategy, as well as statements including the words "believe," "expect," "plans", "may", "will", "should", "could" and words of similar meaning. RT=Real-Time, EOD=End of Day, PD=Previous Day. Fred L. Callon, nephew of the company founder, became president and CEO of Callon Petroleum in 1984. "I feel like I am making a significant contribution to the success of the company. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Callon Petroleum Company Callon Petroleum Company Provides Production Guidance for First Quarter and Full Year 2022. Callon was only able to venture this far in partnership with major oil companies due to the expense and expertise required. Angie Day joined Callon Petroleum as Vice President and Chief Information Officer in July 2022 with over 20 years of oil and gas experience. Should you invest $1,000 in Callon Petroleum right now? The nine-story, 190,000-square-foot office building at 9753 Katy Freeway is set to open in 2024. in Environmental and Planning Engineering, from Missouri University of Science and Technology (formerly University of Missouri Rolla). Callon Petroleum Announces New Executive Compensation Program and GHG The oil and natural gas company reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.96 by ($0.02). One possible factor was the relatively short lifespans of underwater wells compared to those on land. On what exchange does Callons stock trade, and what are Callons stock ticker symbols? Where is Callon headquartered and where does Callon have other offices? The business's 50-day moving average price is $32.63 and its 200-day moving average price is $35.57. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Terms of Use. Separately, Callon recently entered into a definitive agreement to sell substantially all of its non-operated assets for gross cash proceeds of $30 million. The value of the CPUs at vesting will be determined by the Company's annual adjusted free cash flow performance relative to goals established by the Compensation Committee and average annual ROCE over the three-year performance period. View jobs Working at Callon Petroleum: 10 Reviews Review this company Job Title All Location United States 10 reviews Ratings by category 3.9 Work-Life Balance 4.4 Pay & Benefits 3.3 Job Security & Advancement 3.1 Management 4.0 Culture Sort by Helpfulness Rating Date Language Energy Former Carrizo CEO leaves Callon Petroleum board, new director appointed By Sara Samora - Reporter, Houston Business Journal Jan 7, 2022 The former president and CEO of Carrizo Oil &. Callon Petroleum Company 2000 W. Sam Houston Parkway South, Suite 2000 Houston, TX 77042 Employer ID: 64-0844345 TABLE OF CONTENTS Note: Supplemental schedules required by the Employee Retirement Income Security Act of 1974 not included herein are deemed not applicable to Callon Petroleum Company Employee Savings and Protection Plan. Our offices may be many miles apart, but we work together to achieve a common goal. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. Callon Oil & Gas was renamed Callon Petroleum Company in 1962. The company was founded in 1950 and is headquartered in Houston, Texas. Callon Petroleum (NYSE:CPE) Given Consensus Rating of "Hold" by Prior to joining Callon in November 2022, she served as Director of Reservoir Engineering and Subsurface Technology at Pioneer Natural Resources where she focused on subsurface machine learning, data analytics, reservoir modeling and enhanced recovery projects. 47. About Callon Petroleum. The company had two major oil finds in Mississippi in the mid-1960s: Quitman Bayou Field in Adams County in 1963 and Clear Springs Field, Franklin County, in 1965. We pride ourselves on never reaching a sense of complacency., Its great to work in such a professionally stimulating environment. 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. Hedge funds and other institutional investors own 92.46% of the company's stock. Source: International Directory of Company Histories, Vol. Callon grew by acquiring producing properties from them on shore and in shallow water areas. MetroNational owns and will manage the Callon building as part of its 10 million-square-foot Memorial City campus along Interstate 10 at Gessner inside Beltway 8. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Still, the company boosted proved reserves 100 percent during the year. Third-Party ReferralsWe ask search firms, even those with which we do have an agreement, not to send unsolicited information about any potential candidate unless they have been engaged to do so. News. In 2019, we expanded our portfolio to over 200,000 net acres in the core of the Permian Basin and Eagle Ford Shale. The 2021 program includes reductions to target pay levels for executives and directors: Within the refreshed program, the 2021 annual incentive compensation framework has been redesigned to: The long-term incentive program includes restricted stock units (40% weighting) and new cash performance units ("CPUs") (60% weighting) that are aligned with the Company's focus on achieving sustainable free cash flow and returns that are competitive both within and outside the energy industry. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). We will continue to pursue initiatives that improve our financial position and are encouraged by the expanding spectrum of actionable alternatives that have emerged as we execute on our strategic plan as a scaled operator in premier operating areas.". MetroNational has fully leased its 9753 Katy Freeway office building under construction in Memorial City with a November deal to bring the headquarters of Callon Petroleum to the 190,000-square-foot property. Kestra Advisory Services LLC boosted its holdings in Callon Petroleum by 66.9% during the 4th quarter. RELATED: New 8-story tower coming to CityCentre area, where office space is in unusually short supply. The company's 50-day moving average price is $32.62 and its 200-day moving average price is $35.58. Comparing Texas Pacific Land Corp and Callon Petroleum Company's grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. Forward-looking statements include future levels of drilling activity and associated production and cash flow expectations; the Company's production guidance and capital expenditure forecast; anticipated returns and financial position; and the implementation of the Company's business plans and strategy, as well as statements including the words "believe," "expect," "may," "will," "forecast," "outlook," "plans" and words of similar meaning. Were positioned for multi-year growth, with an aggressive strategy and a growing team. Finally, we can read about how these great companies came about with Company Histories.. President and CEO Joe Gatto commented, "These transactions represent an important step forward in delivering on our stated goals to improve Callon's liquidity position. Prior to that, Mr. Conaway worked for Ernst & Young, holding positions of increasing responsibility including senior manager. Barclays acted as exclusive financial advisor and Sidley Austin LLP acted as legal advisor to Kimmeridge. Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y la Poltica de cookies. About Callon :: Callon Petroleum Company (CPE) Founded in 1950, we are an independent oil and natural gas company focused on the acquisition, exploration and development of. Prior to that, she was the Director of Delaware Operations. This division was soon accounting for a quarter of Callon's total revenues, which were $6.6 million in the fiscal year ending May 31, 1980. ", Callon appreciates the ideas of its employees and stands firm on its values. You'll also want to look at your portfolio's asset . Applicants will receive fair and impartial consideration without regard to race, color, religion, sex, national origin, disability and genetic information, age, or any other factor protected by law. Producers like Callon took advantage of lower drilling costs resulting from the slump. Laser breakthrough could send stock soaring 2,467%. 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. Callon Petroleum Company | Houston TX - Facebook He joined Callon as Corporate Development Manager in July 2015, overseeing the execution of the Callons corporate development, capital markets and investor relations initiatives. The Houston Chronicle ranked Callon among its Top Workplaces in 2017, 2018, 2019, and again in 2020. The disclosure for this purchase can be found here. His most recent position was Vice President and Treasurer of Noble Energy, where he directed the companys global corporate finance and treasury operations. In 1994, Oil & Gas Journal pronounced Callon Petroleum the country's 146th largest publicly traded oil and gas exploration and production company. CALLON PETROLEUM COMPANY. The shares were acquired at an average price of $31.63 per share, with a total value of $632,600.00. Get the free guide that shows you how to use them and start living a worry-free retirement life today. The relocation, planned for the second half of 2024, will see the Callon company relocate its headquarters from 75,000 square feet at One BriarLake Plaza, 2000 W. Sam Houston Parkway South in Westchase. Please be advised that Callon Petroleum will never ask potential job-seekers for any sort of advance payment or bank account information as part of the recruiting or hiring process. TenOaks Energy Advisors acted as sell-side advisor for the non-operated working interest sale. Statement of Changes in Beneficial Ownership (4) - ADVFN In February 1998, Callon announced a deepwater natural gas find, its second, at the Habanero prospect, located 2,000 feet under the ocean's surface. Callon Petroleum moving HQ to MetroNational's newest Memorial City AMD's Recent Correction: A Buying Opportunity For Investors? HOUSTON, May 3, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today signed two definitive agreements that streamline and focus Callon's operations, accelerate the achievement of its debt reduction target and allow for the initiation of a shareholder return program in the third quarter of 2023. The overall Houston office vacancy rate climbed to 20.4 percent in the third quarter, according to commercial real estate firm Transwestern, up from 20.2 percent the year earlier and the five-year average of 18 percent. Senior Vice President and Chief Financial Officer at Callon Petroleum Company Houston, Texas, United States. Our people are passionate and innovative, and shape our understanding of what is possible and challenge us to consider new ideas. John S. Callon founded the company that would become the Callon Petroleum Company in 1950. "Taking the company public simplified and streamlined our business, gave some critical mass to the company, and put us in a position to take much larger interests in the things that we're doing," John S. Callon told the Mississippi Business Journal. Market Data copyright 2023 QuoteMedia. In 1995, contractors were charging $40,000 per square mile for 3-D seismic mapping of onshore sites, and $100,000 in shallow waters, noted the Mississippi Business Journal. As a result of these efforts, we made significant progress in environmental performance in 2020 relative to pro forma 2019 results by: The Company remains committed to continued GHG emissions reductions and has adopted the following medium-term quantitative objectives to be achieved by 2025: As noted above, the Compensation Committee has incorporated progress towards these medium-term environmental objectives into the Company's 2021 annual incentive compensation framework.
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