2014: INITIAL BUILDING PHASE
~ 19,000 net surface acres (1)
~ 5,650 Boe/d of production (2014)
2 rigs running
27 net wells completed
YE13: 15 MMBoe Proved Reserves
At Callon Petroleum, we’re leveraging our meaningful infrastructure investments and focusing on our progression to full-field development. This is allowing us to shift towards a sustainable long-term development model. We expect our business strategy to drive increased capital efficiency and corporate returns by employing larger pad concepts as part of an integrated technical and operational approach to multi-zone resource monetization.
We’re maintaining strong cash margins per unit of production via cost management and proactive investments in production infrastructure.
Adjusted EBITDA Margin
Cash G&A, a 4% sequential decline Q/Q
Adjusted EBITDA, a 28% increase Q/Q
Fourth Quarter 2019
Improving the capital efficiency of our operations in terms of both well productivity and capital outlays, including supporting facilities.
Driving capital efficiency via larger pad development.
Maturing our asset base into a sustainable operating model for profitable reinvestment of cash flows for attractive, long-term returns on capital.
Our broad-scale initiatives across the basin.
Preserving a strong financial position, focusing on appropriate capital allocation
decisions under various commodity pricing scenarios, prudent risk management and
Highlights of our financial positioning1.