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CM - Earnings & Capex Briefs - June 21, 2019
Thanks to the divestment of non-core assets in the southern Midland Basin for $245 million, Callon Petroleum Co. said it would spend a little less in 2019 than initially announced. New capital spending on facilities, equipment, seismic, land and other items will amount to $495-520 million from an earlier $500-525 million while capitalized interest and G&A expenses will stay the same at an estimated $100-105 million. Production guidance for the year was adjusted to 38,000-39,500 boe/d from 39,500-41,500 boe/d. The buyer of the Midland assets was Sequitur......
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