Stratrix
On the Record · Callon Petroleum

Callon Petroleum acquisitions, on the record

The businesses Callon Petroleum bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Primexx Resource Development, LLC and BPP Acquisition, LLC (certain producing oil and gas properties, undeveloped acreage and associated infrastructure assets in the Delaware Basin)
Word for word“On October 1, 2021, we completed the acquisition of certain producing oil and gas properties, undeveloped acreage and associated infrastructure assets in the Delaware Basin from Primexx Resource Development, LLC and BPP Acquisition, LLC (the “Primexx Acquisition”) for total consideration of $880.8 million.” 10-K for 2021
acquisitionOn October 1, 2021total consideration of $880.8 million
Interest owners' interests in the properties included in the Primexx Acquisition
Word for word“Additionally, certain interest owners exercised their option to sell their interest in the properties included in the Primexx Acquisition to us for consideration structured similarly to the Primexx Acquisition, for an incremental purchase price totaling approximately $33.1 million.” 10-K for 2021
acquisition—an incremental purchase price totaling approximately $33.1 million
non-core assets primarily in the Western Delaware Basin
Word for word“Sales of Reserves in Place. The 3.4 MMBoe of sales of reserves in place were primarily associated with the divestitures of non-core assets primarily in the Western Delaware Basin.” 10-K for 2022
divestiture——
Eagle Ford oil and gas properties, sold to Ridgemar Energy Operating, LLC
Word for word“Eagle Ford Divestiture. On July 3, 2023, we closed on the sale of all our oil and gas properties in the Eagle Ford to Ridgemar Energy Operating, LLC (the “Eagle Ford Divestiture) for total consideration of approximately $549.6 million , and up to $45.0 million of incremental contingent consideration.” 10-K for 2023
divestitureOn July 3, 2023approximately $549.6 million
Percussion Petroleum Management II, LLC
Word for word“Percussion Acquisition. Concurrent with the closing of the Eagle Ford Divestiture, we completed the acquisition of certain producing oil and gas properties, undeveloped acreage and associated infrastructure assets in the Delaware Basin from Percussion Petroleum Management II, LLC (the “Percussion Acquisition”) for total consideration of $457.3 million , and up to $62.5 million of incremental contingent consideration.” 10-K for 2023
acquisition—$457.3 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$654.7 million
2017-12-31$718.5 million
2018-12-31$718.8 million
2019-12-31$42.3 million
2020-12-31$0

Deal filings since 2016

Read from Callon Petroleum’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.