Moody's affirms Callon Petroleum's ratings after close of Carrizo merger
Rating Action: Moody's affirms Callon Petroleum's ratings after close of Carrizo merger. Global Credit Research- 15 Jan 2020. New York, January 15, 2020-- Moody's Investors Service affirmed Callon Petroleum Company's ratings, including its B1 Corporate Family Rating, B1-PD Probability of Default Rating and B2 ratings on the four issues of senior unsecured notes.Callon Petroleum is an independent oil and natural gas company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico and is comprised of three primary sub-basins: the Midland Basin, the Delaware Basin, and the Central Basin Platform.
Carrizo Oil & Gas is an energy company which, together with its subsidiaries, is engaged in the exploration, development, and production of crude oil, natural gas liquids, and natural gas from resource plays located in the U.S. The company's operations are principally focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.
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