April 8, 2019

Callon Petroleum Company Announces Third Quarter 2018 Results

HOUSTON, April 8, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or “we”) today announced it has entered into a definitive agreement regarding the sale of certain non-core assets in the Midland Basin for initial cash proceeds of $260 million, subject to customary purchase price adjustments. The agreement also provides for potential incremental cash payments of up to $60 million based upon future commodity prices with upside participation starting at