Callon to enter Delaware basin with $615-million deal
OGJ Production NewsCallon Petroleum Operating Co., a wholly owned subsidiary of Callon Petroleum Co., Natchez, Miss., has agreed to acquire 27,552 gross (16,098 net) surface acres in Ward, Pecos, and Reeves counties in Texas, part of the southern Delaware basin, from Austin-based American Resource Development LLC, American Resource Development Upstream LLC, and American Resource Development Midstream LLC for $615 million in cash.
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