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Deal Insight

Callon dials in on the Permian

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Callon announced a deal to acquire 100% of the leasehold interests of Percussion Petroleum for US$475 million, with potential for an additional price-contingent US$62.5 million in payments. The base consideration of US$475 million is split between cash and stock. In a separate deal, Callon announced the divestiture of its Eagle Ford position to Ridgemar Energy for cash considerations of US$655 million, with price-contingent payments up to US$45 million.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Upsides
    • Risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 12 images and tables including:

  • Executive summary: Table 1
  • Ward County Well Performance since 2021
  • Ward County Completion Design by Operator since 2021
  • Upstream assets: Image 3
  • Upstream assets: Image 4
  • Callon and Percussion lease positions
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Callon dials in on the Permian

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