NATCHEZ, Miss., Nov. 6, 2018 /PRNewswire/ -- Callon Petroleum
Company (NYSE: CPE) ("Callon" or the "Company") today announced
that Jeffrey S. Balmer will succeed
Gary A. Newberry as Senior Vice
President and Chief Operating Officer, effective December 10, 2018. Mr. Balmer will join Callon
this month and Mr. Newberry will retire from the Company in
January 2019.
Joe Gatto, President and CEO,
said, "Gary has been instrumental to the success of our Permian
Basin operations since joining Callon in 2010. He has helped us
establish a winning culture and earn a reputation as a responsible
operator that is well-respected across the industry. Though he will
be missed, his legacy of integrity and the high standards of
operational excellence and discipline he established will always be
a part of our business. We wish him all the best in his
well-deserved retirement and thank him for staying on to work with
Jeff and facilitate a seamless transition over the next few
months." He continued, "I am excited for Jeff to join our executive
leadership team as we enter the next phase of Callon's growth. His
proven leadership of large scale operations in the Permian and
other unconventional plays will be invaluable as we advance the
capital efficient development of our highly productive asset
base."
Mr. Newberry is retiring from Callon after a highly successful
career that spans over 40 years in the oil and gas sector. He
commented, "My decision to join Callon almost ten years ago was
driven by the demonstrated core values of the Company along with
the strategic direction to build a top-tier onshore business. After
building out a strong team to develop our premier acreage position,
Callon is operating at a high level across all disciplines. Under
the leadership of Joe and an expanded senior management group that
now includes Jeff's considerable experience base, combined with a
dedicated and talented team at all levels of the Company, I am
confident that Callon is poised to achieve even greater levels of
success."
Mr. Balmer added, "Gary is well-known across the Permian as an
outstanding leader, and I am honored to follow in his footsteps.
Similarly, I have long regarded Callon as an innovative and rapidly
growing player in the basin. I am excited to join the team and help
advance our strategic initiatives as a maturing Permian
operator."
Mr. Balmer joins another recent addition to Callon's senior
technical team, James L. Hawkins,
who was appointed as Vice President, Subsurface Technology in May
of this year. With over 25 years of experience in the Permian
Basin, Mr. Hawkins previously held senior petrophysicist and
geologist roles at Apache Corporation, Energen Resources, and
Schlumberger Limited since 2005, leading multi-disciplinary teams
involved with reservoir characterization and optimizing completion
designs.
About Jeffrey S.
Balmer
Mr. Balmer has 30 years of operations and
subsurface leadership experience in the energy industry. His most
recent role was Vice President and General Manager, Southern
Operating Area for Encana Corporation with responsibility for all
of Encana's upstream operations in the Permian Basin. After joining
Encana in 2008, he held various leadership roles including Vice
President and General Manager, Western Operating Area, managing
operations in the Eagle Ford, DJ, San
Juan, Piceance and Wind River Basins, and Vice President,
Emerging Plays. Prior to joining Encana, Mr. Balmer served in a
variety of roles, including senior positions with ConocoPhillips,
Burlington Resources and ExxonMobil Corporation. He holds B.S. and
Ph.D. degrees in Petroleum Engineering, in addition to an M.S. in
Environmental and Planning Engineering, from Missouri University of Science and Technology
(formerly University of Missouri –
Rolla).
About Callon Petroleum Company
Callon is an
independent energy company focused on the acquisition, development,
exploration and operation of oil and gas properties in the Permian
Basin in West Texas.
This news release is posted on the Company's website at
www.callon.com and will be archived there for subsequent review. It
can be accessed from the "News" link on the top of the
homepage.
For further information contact
Mark Brewer
Director of Investor Relations
1-281-589-5200
View original
content:http://www.prnewswire.com/news-releases/callon-petroleum-announces-jeffrey-balmer-to-succeed-gary-newberry-as-chief-operating-officer-300744923.html
SOURCE Callon Petroleum Company