Callon Petroleum Company declared its outlook for 2016 activity and an operational update, including revised fourth quarter 2015 guidance estimates and proved reserve estimates for the year ended December 31, 2015.

Expected fourth quarter 2015 net daily production of 10,500 - 10,700 barrels of oil equivalent per day ('BOE/d'), comprised of 79% - 81% oil volumes
Expected fourth quarter 2015 lease operating expense of $6.40 - $6.60 per barrel of oil equivalent ('BOE')
Forecasted 2016 net daily production range of 11,500 - 12,000 BOE/d (78% - 80% oil) with an associated operational capital budget of $75 - $80 million

Tags: Callon Petroleum Company