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Stock impact report

Callon Petroleum Company Completes the Acquisition of Primexx Delaware Basin Assets

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: PR Newswire
HOUSTON, Oct. 5, 2021 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it has closed the acquisition of leasehold interests and related oil, gas, and infrastructure assets of Primexx Energy Partners and its affiliates.  Callon President and Chief Executive Officer Joe Gatto commented, "We are excited to get to work integrating this high-quality asset base into our Permian Basin operations, overlaying our life of field development philosophy on the acquired multi-zone resource base. Given our deep subsurface expertise in the Delaware Basin and operational preparation, we expect a seamless transition and will be focused on delivering the types of capital and expense synergies we have achieved in similar transactions. As we look ahead into the coming quarters, this latest acquisition provides a meaningful increase in free cash flow generation and is a catalyst for substantially improving the balance sheet."Non-Core DivestitureCallon ha Show less Read more
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