Callon Petroleum Company Announces Company Founder Passes Away.NATCHEZ, Miss. -- Callon Petroleum Company (NYSE NYSE See: New York Stock Exchange :CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) announced today that the company's founder, John S. Callon, has passed away. He was 86. John Callon began his career in the oil and gas business in 1950. He built Callon Petroleum Company into what is today, a publicly traded New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. listed company with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $350 million. He retired as chief executive officer in 1997. "He was a remarkable person who will be missed by all of us," said Fred Callon, the company chairman, chief executive officer, and John Callon's nephew. "He led our company for over half a century, through both challenging and triumphant times. We will always be indebted to him for the vision and leadership he provided." 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 Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . |
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