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Stock impact report

Apache highlights Permian Basin production [Yahoo! Finance]

Callon Petroleum Company (CPE) 
Last callon petroleum company earnings: 2/26 05:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.callon.com
Company Research Source: Yahoo! Finance
company's adjusted production in the second quarter and about 75 percent of its upstream exploration and production capital this year. President-CEO John Christmann said in his first quarter report from Houston that the Basin's unconventional acreage has increased by approximately 45 percent and its oil production by more than 65 percent for Apache. "We have been running 11 rigs in the Permian since April 1 and we expect to average 10 for the remainder of this year as we actively manage changes to the combined rig fleet," Christmann said. "You will see the rig count change as we drop some rigs when their term ends and pick up other rigs that are more suitable for the planned drilling program. "We continue to deliver excellent results in the Permian Basin with the first quarter marking our fifth consecutive quarter of meeting or exceeding U.S. oil production guidance." He said Apache curtailed a substantial amount of its natural gas production at the Alpine High Play in Reeves Show less Read more
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