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THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF CALLON PETROLEUM COMPANY FOR THE PERIOD ENDING JUNE 30, 1999 WHICH ARE PRESENTED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

1,000 6-MOS DEC-31-1999 JUN-30-1999 7,334 0 5,287 0 0 13,560 534,288 353,144 211,826 16,036 0 0 10 86 82,304 211,826 16,537 17,405 0 13,878 0 0 2,471 1,056 359 697 0 0 0 697 (0.08) (0.08)