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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 SEPTEMBER 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 9-MOS DEC-31-1999 SEP-30-1999 7,935 0 8,415 0 0 18,555 537,973 357,347 216,931 15,512 0 0 10 86 82,923 216,931 26,777 27,989 0 20,964 0 0 4,371 2,654 902 1,752 0 0 0 1,752 (0.02) (0.02)