Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. The company is headquartered in Houston, Texas and currently employs 354 full-time employees. The firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company’s activities are primarily focused on horizontal development in the Midland and Delaware Basins, both of which are part of the larger Permian Basin in West Texas, as well as the Eagle Ford in South Texas. The Company’s primary operations in the Permian reflect a high-return, oil-weighted drilling inventory with multiple prospective horizontal development intervals and are complemented by a well-established and repeatable cash flow-generating business in the Eagle Ford. Its drilling activity is predominantly focused on the horizontal development of several prospective intervals in the Permian, including multiple levels of the Wolfcamp formation and the Lower Spraberry shales, and the Eagle Ford.