Oct 04 - Callon Petroleum Company Reports Medusa Field Production Resumes

Source Press Release
Company Callon Petroleum 
Tags Upstream Activities
Date October 19, 2004

Callon Petroleum Company reported today that production at the Medusa Field resumed on October 13, 2004  and is being ramped up to pre-Hurricane Ivan levels of 34,000 barrels of oil (Bo) and 34 million cubic feet of natural gas (MMcf) per day.  Currently, the field is producing 30,000 Bo and 30 MMcf per day.  

Production at Medusa had been shut in following Hurricane Ivan so that debris could be cleaned up and minor damage could be repaired.  The Medusa Field is located in 2,200 feet of water in Mississippi Canyon Blocks 538 and 582.  Callon owns a 15% working interest and Murphy Oil Corporation (NYSE: MUR) is the operator.

Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas in the Gulf Coast region since 1950.  Callon’s properties and operations are geographically concentrated in the offshore waters of the Gulf of Mexico.

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