Industry | 2009.10.29
Callon Petroleum Company Completes Acquisition of West Texas Properties
NATCHEZ, Miss.--(BUSINESS WIRE)--Callon Petroleum Company (NYSE: CPE) today announced it has completed the acquisition of interests in Wolfberry production and development properties located in Crockett, Ector, Midland and Upton Counties, Texas, from Ambrose Energy I, Ltd., a subsidiary of ExL Petroleum, LP. The purchase price of $16.25 million is subject to standard industry closing adjustments. The effective date of the sale is September 1, 2009. The acquisition includes 1.6 million barrels of
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