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THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENT OF CALLON PETROLEUM COMPANY FOR THE PERIOD ENDING MARCH 31, 2000 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 3-MOS DEC-31-2000 MAR-31-2000 11,664 0 9,305 0 0 22,705 598,611 (375,388) 262,421 21,845 0 0 11 123 124,986 262,421 9,448 10,118 0 8,354 0 0 1,775 1,764 600 1,164 0 0 0 1,164 0.05 0.05