Callon Petroleum Co: insider trades · United States · SEC (Form 4)

About Callon Petroleum Co

Callon Petroleum Co. was a U.S.-listed independent oil and gas company that traded on the NYSE under ticker CPE. Its business history dates back to 1950, and the company was incorporated in Delaware in 1994. Headquartered in Houston, Texas, Callon operated from the center of the U.S. energy industry and built its investor identity around upstream oil and natural gas production. For French-speaking investors evaluating SEC Form 4 insider transaction context, Callon should be understood as a U.S. Permian Basin-focused E&P name rather than a diversified integrated major. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1841666/000119312524021134/d664038ds4.htm?utm_source=openai)) Callon’s core operating model was the acquisition, exploration, development, and production of oil and natural gas properties, with an emphasis on unconventional onshore assets in West Texas and southeastern New Mexico. The company’s portfolio was primarily centered in the Midland and Delaware Basins, the two main sub-basins of the Permian Basin. Its strategy highlighted horizontal drilling, a multi-year inventory of locations, and a capital-disciplined “life of field” approach aimed at balancing near-term returns with longer-term development economics. In practical terms, Callon was an oil-weighted shale producer with meaningful leverage to crude prices and basin-level drilling productivity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1841666/000119312524021134/d664038ds4.htm?utm_source=openai)) From a competitive standpoint, Callon operated in a crowded Permian landscape alongside larger, better-capitalized independent producers. Its relative appeal came from exposure to high-return acreage and a strong operational focus on oil-rich drilling inventory. At the same time, the business carried the usual upstream risks: commodity price volatility, service-cost inflation, reserve replacement requirements, and the need to continually allocate capital efficiently. That combination made Callon more of a cyclical, execution-driven E&P story than a stable cash-yield utility-style energy name. ([sec.gov](https://www.sec.gov/Archives/edgar/data/928022/000092802223000047/cpe-20230309.htm?utm_source=openai)) The most material recent development is that APA completed its acquisition of Callon Petroleum on April 1, 2024, in an all-stock transaction valued at approximately $4.5 billion including debt. As a result, Callon is no longer an independent publicly traded company on the NYSE/NASDAQ universe; historical SEC filings remain relevant mainly for legacy analysis, insider-form context, and pre-merger operating history. For investors, that means any current reference to CPE should be interpreted through the lens of the completed transaction rather than as an active standalone listed issuer. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001841666/000184166625000014/apa-20250630.htm?utm_source=openai))