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

Annual report pursuant to Section 13 and 15(d)

Borrowings (Schedule of Borrowings) (Details)

Borrowings (Schedule of Borrowings) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Principal components:
Senior secured revolving credit facility	$ 35,000us-gaap_LongTermLineOfCredit	$ 22,000us-gaap_LongTermLineOfCredit
Principal Components	335,000us-gaap_DebtInstrumentCarryingAmount	70,481us-gaap_DebtInstrumentCarryingAmount
Non-cash components:
Total carrying value of borrowings	335,000us-gaap_LongTermDebt	75,748us-gaap_LongTermDebt
Senior Secured Revolving Credit Facility [Member]
Principal components:
Senior secured revolving credit facility	35,000	22,000
Secured second lien term loan [Member]
Principal components:
Principal Components	300,000
13% Senior Notes due 2016 [Member]
Principal components:
Principal Components		48,481
Non-cash components:
Deferred credit		$ 5,267

- Definition

The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized.

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- Definition

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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