Callon To Buy Cimarex Delaware Basin Asset In $570 Million Bolt-On

摘要

Callon Petroleum Co. (NYSE: CPE) is building onto its Delaware Basin position with a $570 million bolt-on acquisition, the Natchez, Miss.-based E&P said May 24. The bolt-on comprises oil and gas properties covering about 28,567 net surface acres primarily in Ward County, Texas, that Callon will acquire from Cimarex Energy Co. (NYSE: XEC).