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Callon Petroleum

Full company profile

uuid0005m2f

Namestring
Callon Petroleum
Legal namestring
APA Corporation
Websiteurl
callon.com
Company typeenum
Public
Founded yearint
1954
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil and gas exploration, upstream production, hydrocarbon extraction, Permian Basin operations, energy resource development
NAICS code1 code
  • Oil and Gas Extraction211
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Oil and Gas Exploration and Production
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Callon Petroleum was an oil and gas exploration and production company. In April 2019, Callon was acquired by APA Corporation (formerly Apache Corporation), and its operations were integrated into APA's portfolio. Through its acquisition, Callon's assets contribute to APA Corporation's mission of responsibly helping meet the world's oil and gas needs across the United States, United Kingdom, Egypt, and Suriname.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Employees raised over £4 million for Scottish charities over 14 years through offshore workforce contributions
+1 more record
Product overview1 text field

Apache Corporation is a subsidiary of APA Corporation, operating as an oil and gas exploration and production company. APA Corporation contributes to human progress by helping meet the world's oil and gas needs. The company's portfolio includes operations across the United States (through subsidiary Apache Corporation), the United Kingdom (with APA Suriname), Egypt, and Suriname. The company focuses on exploring, developing, and producing oil and gas resources.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1British Divers Marine Life Rescue (BDMLR)
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Apache (APA subsidiary) partners with British Divers Marine Life Rescue organization for marine conservation. Apache's U.K. offshore workforce participates in supporting marine life rescue initiatives.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Marathon Oil
TypeDirect peer
Description

Marathon Oil was an internationally diversified E&P with U.S. unconventional and global offshore assets, comparable to APA's portfolio prior to its combination with ConocoPhillips.

2Pioneer Natural Resources
TypeDirect peer
Description

Pioneer is a major U.S. independent E&P with a comparable upstream-focused model, primarily onshore in the Permian Basin; now operating under ExxonMobil ownership.

3Murphy Oil
TypeDirect peer
Description

Murphy Oil is an international E&P with offshore-weighted operations in the Gulf of Mexico, Malaysia, and elsewhere, making its offshore and international profile highly comparable to APA's.

4Hess Corporation
TypeDirect peer
Description

Hess operated as a globally diversified E&P with a major offshore growth pillar in Guyana, comparable to APA's offshore international strategy; now operating as part of Chevron.

5Coterra Energy
TypeDirect peer
Description

Coterra is a diversified U.S. E&P with multi-basin production, comparable in scale and business model to APA's U.S. operations under Apache Corporation.

6ConocoPhillips
TypeDirect peer
Description

ConocoPhillips is a large, internationally diversified exploration and production company with major offshore and unconventional operations, closely comparable to APA's four-country upstream portfolio.

7Occidental Petroleum
TypeDirect peer
Description

Occidental is a global E&P company with significant U.S. unconventional and international operations, including offshore exposure, making it comparable in scope and capital intensity to APA.

8Devon Energy
TypeDirect peer
Description

Devon is a large independent U.S. oil and gas producer with a comparable E&P business model, although it is more onshore-focused than APA's offshore-weighted portfolio.

9ExxonMobil
TypeBroad incumbent
Description

ExxonMobil is a global supermajor with integrated upstream, downstream, and chemicals operations, providing a broader competitive context for APA's pure-play upstream model.

10EOG Resources
TypeDirect peer
Description

EOG is a leading U.S. independent E&P with global exploration interests, sharing APA's model of balancing onshore development with selective international and frontier exposure.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Callon Petroleum

Oil and Gas Exploration and Productioncallon.com

Callon Petroleum firmographics

Firmographics
Name
Callon Petroleum
Legal name
APA Corporation
Website
https://callon.com
Company type
Public
Founded year
1954
Operating status
Operating
Headcount range
251–500 employees
Ownership category
akta.pro rank

Where Callon Petroleum is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Callon Petroleum business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Distribution channels1 record

Marketing channels5 records

Callon Petroleum product offering

Product offering

Core offering

Callon Petroleum was an oil and gas exploration and production company. In April 2019, Callon was acquired by APA Corporation (formerly Apache Corporation), and its operations were integrated into APA's portfolio. Through its acquisition, Callon's assets contribute to APA Corporation's mission of responsibly helping meet the world's oil and gas needs across the United States, United Kingdom, Egypt, and Suriname.

Product overview

Apache Corporation is a subsidiary of APA Corporation, operating as an oil and gas exploration and production company. APA Corporation contributes to human progress by helping meet the world's oil and gas needs. The company's portfolio includes operations across the United States (through subsidiary Apache Corporation), the United Kingdom (with APA Suriname), Egypt, and Suriname. The company focuses on exploring, developing, and producing oil and gas resources.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

  • Employees raised over £4 million for Scottish charities over 14 years through offshore workforce contributions
  • +1 more outcomes

Companies that use Callon Petroleum

Customer profile

Segments1 record

Ideal customer profiles1 record

Callon Petroleum technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Callon Petroleum partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • British Divers Marine Life Rescue (BDMLR)minorStrategic or Co-development PartnerApache (APA subsidiary) partners with British Divers Marine Life Rescue organization for marine conservation. Apache's U.K. offshore workforce participates in supporting marine life rescue initiatives.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Callon Petroleum competitors and assessment

Company assessment

Direct peers

  • Marathon Oil: Marathon Oil was an internationally diversified E&P with U.S. unconventional and global offshore assets, comparable to APA's portfolio prior to its combination with ConocoPhillips.
  • Pioneer Natural Resources: Pioneer is a major U.S. independent E&P with a comparable upstream-focused model, primarily onshore in the Permian Basin; now operating under ExxonMobil ownership.
  • Murphy Oil: Murphy Oil is an international E&P with offshore-weighted operations in the Gulf of Mexico, Malaysia, and elsewhere, making its offshore and international profile highly comparable to APA's.
  • Hess Corporation: Hess operated as a globally diversified E&P with a major offshore growth pillar in Guyana, comparable to APA's offshore international strategy; now operating as part of Chevron.
  • Coterra Energy: Coterra is a diversified U.S. E&P with multi-basin production, comparable in scale and business model to APA's U.S. operations under Apache Corporation.
  • ConocoPhillips: ConocoPhillips is a large, internationally diversified exploration and production company with major offshore and unconventional operations, closely comparable to APA's four-country upstream portfolio.
  • Occidental Petroleum: Occidental is a global E&P company with significant U.S. unconventional and international operations, including offshore exposure, making it comparable in scope and capital intensity to APA.
  • Devon Energy: Devon is a large independent U.S. oil and gas producer with a comparable E&P business model, although it is more onshore-focused than APA's offshore-weighted portfolio.
  • EOG Resources: EOG is a leading U.S. independent E&P with global exploration interests, sharing APA's model of balancing onshore development with selective international and frontier exposure.

Broad incumbents

  • ExxonMobil: ExxonMobil is a global supermajor with integrated upstream, downstream, and chemicals operations, providing a broader competitive context for APA's pure-play upstream model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Callon Petroleum social profiles

Digital presence

Callon Petroleum financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Callon Petroleum leadership team

Management profile

Number of profiles

Callon Petroleum subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Callon Petroleum funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Callon Petroleum M&A and investment

M&A and investment

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Callon Petroleum

What does Callon Petroleum do?

Callon Petroleum was an oil and gas exploration and production company. In April 2019, Callon was acquired by APA Corporation (formerly Apache Corporation), and its operations were integrated into APA's portfolio. Through its acquisition, Callon's assets contribute to APA Corporation's mission of responsibly helping meet the world's oil and gas needs across the United States, United Kingdom, Egypt, and Suriname.

Is Callon Petroleum a public or private company?

Callon Petroleum is a public company. It is classified as public and is currently operating.

When was Callon Petroleum founded?

Callon Petroleum was founded in 1954. It employs 251 to 500 people.

Where is Callon Petroleum based?

Callon Petroleum is headquartered in Houston, United States, in the North America region.

Who are Callon Petroleum's main competitors?

Direct peers on record are Marathon Oil, Pioneer Natural Resources, Murphy Oil, Hess Corporation, Coterra Energy, ConocoPhillips, Occidental Petroleum, Devon Energy and EOG Resources. ExxonMobil is listed as a broad incumbent.

Does Callon Petroleum have an API?

No public API is recorded for Callon Petroleum.

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Live signals
Investing.comKeyBanc Names Best Oil Stocks to Buy as Crude Surges Past $80 a Barrel By Investing.comKeyBanc Capital Markets issued a report naming five U.S. exploration and production companies as top stock picks following a surge in WTI crude futures to $82.54 per barrel, well above the brokerage's $64/barrel base forecast. KeyBanc stress-tested earnings and cash flow models, identifying unhedged, oil-heavy producers as the biggest beneficiaries, with Callon Petroleum projected to see the highest EBITDA uplift at 41% in 2026, followed by Diamondback Energy at 35% and Magnolia Oil & Gas at 34%. The report also highlighted EOG Resources and an unnamed small-cap producer with a 73% oil skew as top beneficiaries of the elevated price environment.GlobeNewswireAPA Corporation Completes Acquisition of Callon Petroleum CompanyAPA Corporation completed its acquisition of Callon Petroleum Company, approved by shareholders on March 27, 2024. The deal brings APA's daily production to about 500,000 BOE, with Callon's Q4 production at 103,000 BOE. APA issued approximately 70 million shares, and Callon stock is no longer listed.GlobeNewswireAPA Corporation Completes Acquisition of Callon Petroleum CompanyAPA Corporation has completed its acquisition of Callon Petroleum Company, with the transaction approved by shareholders on March 27, 2024. The deal adds approximately 145,000 net acres in the Delaware and Midland Basins to APA's portfolio, increasing its daily production to roughly 500,000 barrels of oil equivalent. APA issued approximately 70 million shares to complete the merger, aiming to realize cost synergies and improve capital productivity.World OilAPA Corporation completes Callon Petroleum Company acquisition, increasing Permian productionAPA Corporation has completed its acquisition of Callon Petroleum Company, a transaction approved by shareholders on March 27, 2024. The deal increases APA's daily production to approximately 500,000 boe, with significant assets located in the Delaware and Midland basins of the Permian region. APA issued roughly 70 million shares to acquire Callon, which is no longer listed on the NYSE.APA CorporationAPA Corporation Completes Acquisition of Callon Petroleum CompanyAPA Corporation has completed its acquisition of Callon Petroleum Company, a transaction approved by shareholders on March 27, 2024. The deal expands APA's presence in the Permian Basin, bringing daily production to approximately 500,000 barrels of oil equivalent and adding roughly 145,000 net acres across the Delaware and Midland Basins. As part of the merger, each share of Callon common stock was converted into 1.0425 shares of APA common stock, with Callon ceasing to trade on the NYSE.PR NewswireCALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONSCallon Petroleum Company announced the final results of its cash tender offers for its 2028 and 2030 senior notes, with approximately 98.6% of the 2028 Notes and 97.4% of the 2030 Notes validly tendered prior to the consent fee deadline. The offers are contingent upon the closing of a previously announced merger agreement with APA Corporation, which is expected to settle on April 1, 2024, subject to satisfaction of conditions including the merger consummation. Upon settlement, Callon intends to purchase the tendered notes and implement proposed amendments to eliminate restrictive covenants in the indentures.PR NewswireAppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600S&P Dow Jones Indices announced that AppFolio Inc. will replace Inari Medical Inc. in the S&P MidCap 400, while Inari Medical will replace Callon Petroleum Co. in the S&P SmallCap 600, effective April 1, 2024. The index reshuffling is triggered by APA Corp.'s acquisition of Callon Petroleum, which requires Callon's removal from indices upon deal completion. The changes reflect standard index reconstitution mechanics following corporate mergers and acquisitions.PR NewswireSHAREHOLDER UPDATE: Halper Sadeh LLC Investigates CTLT, AXNX, BATL, APAHalper Sadeh LLC, an investor rights law firm based in New York, announced investigations into four corporate transactions for potential violations of federal securities laws and breaches of fiduciary duties to shareholders. The transactions under scrutiny include Catalent's $63.50-per-share sale to Novo Holdings, Axonics' $71.00-per-share sale to Boston Scientific, Battalion Oil's $9.80-per-share sale to Fury Resources, and APA Corporation's merger with Callon Petroleum involving a 1.0425 share exchange ratio. The firm is seeking shareholders of these companies to discuss potential legal remedies and may pursue increased consideration, additional disclosures, or other relief on behalf of shareholders.GlobeNewswireAPA Corporation to Acquire Callon Petroleum Company in All-Stock TransactionAPA Corporation agreed to acquire Callon Petroleum in an all-stock deal valued at about $4.5 billion, exchanging each Callon share for 1.0425 APA shares. The transaction is expected to be accretive, adding nearly 120,000 acres in the Delaware Basin and raising pro forma production to over 500,000 BOE per day. Closing is anticipated in the second quarter of 2024.BenzingaWhy APA (APA) & Callon Petroleum (CPE) Shares Are Moving In Opposite Direction On Merger Deal - APA (NASDAPA Corp announced it will acquire Callon Petroleum in an all-stock transaction valued at approximately $4.5 billion including debt, with each CPE share exchanged for 1.0425 APA shares at an implied value of $38.31 per share. Post-closure, APA shareholders will own approximately 81% of the combined entity while Callon shareholders will own about 19%, and the deal is expected to close in Q2 2024 pending customary conditions. The transaction is projected to be accretive to all key financial metrics, with APA expecting to retire Callon's existing debt through $2.0 billion in term loan facilities and achieve annual synergies exceeding $150 million, boosting combined production to over 500,000 BOE per day.