Callon Petroleum - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Callon Petroleum M&A Summary

Callon Petroleum has acquired 3 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Callon Petroleum’s largest acquisition to date was in 2019, when it acquired Carrizo Oil & Gas for $3.2B. It’s largest disclosed sale occurred in 2019, when it sold Callon Petroleum - Non-Core Assets to Sequitur Energy Resources for $320M. Callon Petroleum has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Callon Petroleum Business Overview

Where is Callon Petroleum headquartered?

Callon Petroleum is headquartered in Houston, Texas.

What is Callon Petroleum’s revenue?

Callon Petroleum disclosed revenue of 3,231M USD for 2022 and 2,045M USD for 2021.

What sector is Callon Petroleum in?

Callon Petroleum is an oil/gas exploration company.

When was Callon Petroleum founded?

Callon Petroleum was founded in 1950.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Callon Petroleum

Callon Petroleum Co.

One Briarlake Plaza, 2000 W. Sam Houston Parkway South, Suite 2000,
Houston, Texas 77042
United States,
(281) 589-5200
www.callon.com

Callon Petroleum is an independent energy company focused on the acquisition, development, exploration, and operation of oil and gas properties in the Permian Basin in West Texas. Callon Petroleum was incorporated in 1950 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $3.2B $475M $3.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $320M $320M
  4

Most Recent M&A

Company Date Value Type
Percussion Petroleum II LLC 2023-05-03 475M USD Add-on Acquisition
Houston, Texas
Carrizo Oil & Gas, Inc. 2019-07-15 3.2B USD Add-on Acquisition
Houston, Texas · www.carrizo.com
Callon Petroleum Co. - Non-Core Assets 2019-04-08 320M USD Divestiture
Natchez, Mississippi
Medusa Spar LLC 2002-04-16 - Stake Purchase
Canyon,, Mississippi
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 3.7B (100%) 1 (100%) 320M (100%)
Total 3 $3.7B 1 $320M

By Geo

State/Country Buy Value Sell Value
United States 3 3.7B 1 320M
  Texas 2 3.7B - -
  Mississippi 1 - 1 320M
Total 3 $3.7B 1 $320M

Top M&A Advisors

Financial Deals
Jefferies
 1
BofA Securities
 1
J.P. Morgan Securities
 1
Legal Deals
Kirkland & Ellis
 1

Deal Values

buy # Total
> $1B 1 $3.2B
$100M to $1B 1 $475M
TOTAL $3.7B
Largest Carrizo Oil & Gas, Inc.
$3.2B (2019-07-15)
sell # Total
$100M to $1B 1 $320M
TOTAL $320M
Largest Callon Petroleum Co. - Non-Core Assets
$320M (2019-04-08)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,231   58% 2022
2,045   98% 2021
1,033   54% 2020
672   15% 2019
588   61% 2018
366   83% 2017
201   46% 2016
138   10% 2015
152   48% 2014
103   7% 2013
110   2012
(millions of USD) Show More Show Less

Established

1950

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