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Callon Petroleum company history timeline

1954

1954: John Callon's brother Sim C. Callon joins the company.

1962

Callon Oil & Gas was renamed Callon Petroleum Company in 1962.

At 25 million barrels, it equaled Callon's 1962 Quitman Bayou find.

1981

1981: Sim Callon retires.

1982

In 1982, Callon's Lockhart Crossing Wilcox Oil Field in Livingston Parish, Louisiana, was the largest onshore oil discovery in the contiguous United States.

1985

Callon's revenues were $34.1 million in 1985, producing, after a $29.4 million writedown in oil and gas properties, a $41.1 million loss.

The once prohibitively expensive tools of 2-D and 3-D seismic mapping technology, originally developed by the major oil companies, began to drop considerably in price after 1985.

1992

The Black Bay Field, located off the coast of Louisiana in shallow waters, was acquired from Chevron United StatesA. Inc. in 1992.

Callon formed the CN Resources joint venture in 1992 with a group of European companies led by Norway's Fred Olsen shipping and oilfield construction group.

1994

1994: Callon Petroleum merges with partners and goes public.

1995

In June 1995, Callon agreed to buy oil and gas holdings in southeast Alabama from Scott Paper Co. for $12 million, which included interests in more than two dozen oil and gas fields, as well as ownership of a Scott subsidiary, the Escuhbia Oil Company.

1998

In February 1998, Callon announced a deepwater natural gas find, its second, at the Habanero prospect, located 2,000 feet under the ocean's surface.

1999

The company ended the year with estimated net proved reserves of 334 billion cubic feet of natural gas equivalent (Bcfe), up 28 percent from year-end 1999.

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Founded
1950
Company founded
Headquarters
Natchez, MS
Company headquarter
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Denbury Resources1951$1.7B657-
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Eni1953$47.1B31,495-
Aramco Services Company1950$19.0M20034

Callon Petroleum history FAQs

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Callon Petroleum may also be known as or be related to Callon Petroleum, Callon Petroleum Co. and Callon Petroleum Company.