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Callan JMB unit to buy Williston Basin oil assets for $12.5M

Thu, 27 Aug 2026 08:15:20 -0400

Callan JMB Inc. (NASDAQ: CJMB), acting through its wholly owned subsidiary Callan Power LLC, has signed a definitive Asset Purchase and Sale Agreement to acquire non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana from The Pfanenstiel Company, LLC for $12.5 million in cash, plus reimbursement of certain costs tied to wells currently in process.

The acquisition covers interests across 377 gross producing wells in five counties, generating approximately 150 barrels of oil equivalent per day of current net production, approximately 85% of which is crude oil. The deal also includes interests in

Callan Power to Acquire Williston Basin Non-Operated Oil and Gas Assets with $48 Million Proved PV-10 and $83 Million 3P PV-10 from The Pfanenstiel Company, Significantly Expanding Energy Assets

Thu, 27 Aug 2026 08:15:00 -0400

Acquisition includes interests across 377 producing wells, approximately 150 BOE/day of current net production, and 27 additional wells in process, with $48 million of proved PV-10 and an illustrative 21% unlevered cash return at $75 WTI¹

SPRING BRANCH, Texas, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Callan JMB Inc. (NASDAQ: CJMB) (“Callan JMB” or the “Company”) a diversified company focused on logistics, emergency preparedness and critical infrastructure, today announced that, acting through its wholly owned subsidiary, Callan Power LLC, it has entered into a definitive Asset Purchase and Sale Agreement to acquire a non-operated working interest

Callan Power to Acquire Williston Basin Non-Operated Oil and Gas Assets with $48 Million Proved PV-10 and $83 Million 3P PV-10 from The Pfanenstiel Company, Significantly Expanding Energy Assets

Thu, 27 Aug 2026 08:15:00 -0400

Callan Power to Acquire Williston Basin Non-Operated Oil and Gas Assets with $48 Million Proved PV-10 and $83 Million 3P PV-10 from The Pfanenstiel Company, Significantly Expanding Energy Assets

Thu, 27 Aug 2026 08:15:00 -0400

Callan Power to Acquire Williston Basin Non-Operated Oil and Gas Assets with $48 Million Proved PV-10 and $83 Million 3P PV-10 from The Pfanenstiel Company, Significantly Expanding Energy Assets

Thu, 27 Aug 2026 08:15:00 -0400

Callan JMB names Andy Weigman SVP for oil and gas unit

Tue, 25 Aug 2026 09:05:57 -0400

Callan JMB, Inc. (NASDAQ: CJMB) announced that its energy subsidiary, Callan Power, will designate Andy Weigman as Senior Vice President of Land and Acquisitions, contingent on the closing of a previously announced asset acquisition from Reger Oil, Inc.

Weigman brings more than 14 years of Williston Basin experience, including nine years at Northern Oil and Gas, Inc. (NOG), where he worked alongside Mike Reger, who founded NOG in 2006. Reger now serves as President of Callan Power. In his most recent role before joining Callan Power, Weigman co-founded two non-operated oil and gas investment funds and sourced more than $1 billion

Callan JMB names Andy Weigman SVP for oil and gas unit

Tue, 25 Aug 2026 09:00:51 -0400

Callan JMB, Inc. (NASDAQ: CJMB) announced that its energy subsidiary, Callan Power, will designate Andy Weigman as Senior Vice President of Land and Acquisitions upon the closing of a previously announced asset acquisition from Reger Oil, Inc.

Weigman brings more than 14 years of Williston Basin experience, including nine years at Northern Oil and Gas, Inc. (NOG), where he worked alongside Mike Reger, now president of Callan Power. At NOG, Weigman most recently served as an Asset Manager. After leaving NOG, he co-founded two non-operated oil and gas investment funds, serving as Chief Operating Officer and sourcing over $1 billion in

Callan JMB names Andy Weigman SVP for oil and gas unit

Tue, 25 Aug 2026 09:00:51 -0400

Callan JMB Designates Andy Weigman to Join Callan Power's Oil and Gas Development Efforts; Weigman Brings Experience on More Than $1 Billion in Sourced Acquisition Opportunities and Extensive Willisto