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September 12, 2012
08:09 EDTCPECallon Petroleum revises production guidance with post-hurricane update
Callon Petroleum provided an update regarding the impact of hurricane Isaac on the company's Gulf of Mexico, or GoM, operations. Following site visits, Callon has determined that damage to its producing facilities in the Gulf of Mexico was minimal. The company's shallow water production has been restored to pre-hurricane levels and deepwater production is in the final stages of returning to normal operations. The company expects its total net GoM production to be restored to a pre-hurricane rate of approximately 2,850 barrels of oil equivalent per day, or Boepd, in the next few days.
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