Callon Petroleum Company Announces First Quarter 2019 Results
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Callon Petroleum (CPE) Posts Q1 Loss of $0.09/Share
May 6, 2019 5:42 PM EDTCallon Petroleum (NYSE: CPE) reported Q1 EPS of ($0.09), versus the analyst estimate of $0.18. Revenue for the quarter came in at $152.76 million versus the consensus estimate of $143.58 million.
Increased production to 40.3 Mboe/d (79% oil), an increase of 52% year-over-yearGenerated an operating margin of $32.57 per BoeRecently completed a five-well pad in the southern portion of WildHorse, developing an entire half section in the Wolfcamp AInitial 2nd Bone Spring shale well placed on production in the Delaware and showing positive early performanceContinued strong production from a Middle Spraberry well drilled at Monarch as part... More