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Stock impact report

UPDATE 1-APA Corp misses first-quarter profit estimates on lower 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
Natural gas producers such as APA, with high exposure to declining natural gas prices, have resorted to curtailing production and reduce spending to offset the price fall. APA reported total production of 389,157 barrels of oil equivalent per day (boepd) compared with 394,249 boepd in the year-ago quarter. The company had announced in April that it had already put in place output cuts of about 35 million cubic feet per day of natural gas production during the first quarter after disclosing that it expects oil and gas production to be relatively flat year-over-year. The Houston-based company recently closed its acquisition of Callon Petroleum, which would strengthen its asset base in the Permian Basin. Following the deal, the company now plans to invest $2.7 billion in upstream oil and gas and expects to average about 10 rigs for the remainder of the year in the U.S. The company had previously planned to invest $1.9 billion to $2.0 billion in 2024. "We have increased our exp Show less Read more
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