Callon Petroleum Company (CPE) Updates Oil And Gas Production Estimates
Callon Petroleum updated the company’s guidance on oil and gas production for the third quarter of 2010 and full year, and reported on its oil and gas exploration and development activities. Callon Petroleum estimates that the company will produce between 1.1 and 1.2 billion cubic feet of natural gas and between 180,000 and 220,000 barrels of crude oil during the third quarter of 2010. Callon Petroleum estimates that the company will produce between 5.0 and 5.6 billion cubic feet of natural gas and between 840,000 and 970,000 barrels of crude oil during the full year 2010. After converting the production…