Callon Petroleum Company Releases Inaugural 2019 Sustainability Report

HOUSTON, Sept. 29, 2020 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today released its inaugural sustainability report. The online report outlines Callon's commitment to environmental responsibility, health and safety, community engagement, governance, and business ethics. The report is available on the Company's website at www.callon.com/sustainability.

Commenting on the inaugural report, President and Chief Executive Officer Joe Gatto shared, "At Callon, we understand that success is dependent upon our ability to operate responsibly, think strategically, and continue to evolve our business to meet the long-term expectations of our stakeholders. We seek to exemplify our core values in how we operate our business, care for our employees, enrich our communities, and minimize our impact on the environment. Our inaugural sustainability report reflects the ongoing efforts of the entire Callon team to build a sustainable business and pursue continuous improvement in our operations."

Based on investor feedback, Callon's 2019 Sustainability Report is informed by the Sustainability Accounting Standards Board (SASB) standards for Oil & Gas and includes the following highlights and achievements:

• Reduced the rate of gas flared by more than 30%
• Achieved the Company's best safety year on record
• Named a top workplace by the Houston Chronicle for the third year in a row
• Doubled the Company's water recycling capacity
• Transported over 90% of crude oil and water via pipelines
• Integration of the Callon and Carrizo workforces following the 2019 closing of the acquisition of Carrizo Oil & Gas, Inc.

About Callon Petroleum Company

Callon Petroleum Company is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas

Contact Information

Mark BrewerDirector of Investor RelationsCallon Petroleum Company[email protected]281-589-5200

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SOURCE Callon Petroleum Company