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February 3, 2014
08:25 EDTCPECallon Petroleum announces expected 120% raise in annual Permian production
Callon Petroleum announced 2013 production results and year-end reserve estimates, provided an operational update, and issued a 2014 capital budget and related guidance. 120% increase in 2014 average daily production based on the midpoint of guidance. Forecast of 4,700 - 5,100 Boepd compared to Permian Basin production of 2,228 Boepd in 2013. 58% net increase in total Permian Basin reserves, with 50% proved developed component, at year-end 2013. 9.7 MMBoe of Permian Basin proved reserve additions in 2013 with a "drill-bit F&D" cost of $15.32 per Boe. 282% increase in PV-10 Value of Permian Basin operations to $301M. Average 24-hour peak rate of over 1,100 Boepd from seven well completions in Q4.
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November 17, 2015
08:39 EDTCPEPioneer Natural most likely large-cap E&P takeover candidate, says Canaccord
Canaccord believes Pioneer Natural (PXD) would be the most likely large cap takeover candidate in the E&P space, but said there is no way a major could make it an immediately accretive asset. The firm also thinks Callon Petroleum (CPE) would be the most likely small to mid-cap acquisition candidate given its high quality core Midland acreage and relatively cheap valuation.

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