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Callon Petroleum Snapshot
Callon Petroleum can call on new technologies to find old petroleum resources, employing computer-aided techniques such as enhanced 3-D surveys to explore and develop oil and gas properties. It also focuses on acquiring properties. The firm's holdings are in federal waters in the Gulf of Mexico, and onshore in Alabama, Louisiana, and Texas. In 2008 Callon's estimated proved reserves stood at 54.8 billion cu. ft. of natural gas equivalent. Natural gas accounts for the bulk of its daily production. The company has collaborated with Murphy Oil, BP, and others in its offshore exploration activities.
