logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Callon Petroleum Company Announces The Closing Of Delaware Basin Acquisition And Eagle Ford Divestiture

Jul 05, 2023•over 2 years ago

Acquiring Company

Callon Petroleum

Acquired Company

BASIN

HoustonOil And GasEnergy

Description

Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it closed its previously announced acquisition of Delaware Basin assets from Percussion Petroleum Operating II, LLC ("Percussion") and the sale of its Eagle Ford assets to Ridgemar Energy Operating, LLC ("Ridgemar") on July 3, 2023.

Company Information

Company

Callon Petroleum

Location

Houston, Texas, United States

About

Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed