Callon Petroleum Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Borrowings (Term Loans) (Narrative) (Details)

v3.3.1.900

Borrowings (Term Loans) (Narrative) (Details) - USD ($) $ in Thousands			12 Months Ended
	Oct. 08, 2014	Apr. 10, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]
Debt instrument outstanding			$ 340,000	$ 335,000
Gain (loss) on early extinguishment of debt	$ (3,054)			151	$ 3,696
Secured second lien term loan [Member]
Line of Credit Facility [Line Items]
Debt, total availability			125,000
Debt instrument outstanding			300,000	$ 300,000
Debt, initial commitment			$ 100,000
Debt instrument, description			The Company can elect a LIBOR rate based on various tenors, and is currently incurring interest based on an underlying three-month LIBOR rate, which was last elected in January 2016.
Debt, additional availability			$ 25,000
Proceeds from issuance of debt	$ 300,000	$ 62,500
Debt, discount percentage	2.00%	1.00%
Debt instrument, interest rate, effective	8.50%		8.50%
Debt instrument interest rate	7.50%		7.50%
Secured second lien term loan [Member] \| Prior to First Anniversary [Member]
Line of Credit Facility [Line Items]
Prepayment premium	102.00%		102.00%
Secured second lien term loan [Member] \| After First Anniversary but Prior to Second Anniversary [Member]
Line of Credit Facility [Line Items]
Prepayment premium	101.00%		101.00%
Secured second lien term loan [Member] \| After Second Anniversary [Member]
Line of Credit Facility [Line Items]
Prepayment premium	100.00%		100.00%
Secured second lien term loan [Member] \| Interest Rate Floor [Member]
Line of Credit Facility [Line Items]
Debt instrument interest rate	1.00%		1.00%

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