Callon Petroleum Company Announces Fourth Quarter and Full Year 2020 Results and Provides 2021 Plan Focused on Free Cash Flow and Debt Reduction Initiatives
HOUSTON, Feb. 24, 2021 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three months and full-year ended December 31, 2020.
Presentation slides accompanying this earnings release are available on the Company's website at www.callon.com located on the "Presentations" page within the Investors section of the site.
2020 Highlights
Full-year 2020 production of 101.6 MBoe/d (63% oil), an increase of 146% over 2019 volumes
Year-end proved reserves of 475.9 MMBoe (61% oil)
Generated net cash provided by operating activities of $559.8 million and adjusted free cash flow1 of $10.7 million, including net cash provided by
