Callon active participant in OCS Sale No. 161.NATCHEZ, Miss.--(BUSINESS WIRE)--Oct. 1, 1996--Callon Petroleum Company (Nasdaq NMS See NetWare Management System. : CLNP/CLNPP) and its partner, Murphy Oil Corporation (NYSE NYSE See: New York Stock Exchange :MUR Mur (m  r), Hung., Slovenian, and Croatian Mura (m `rä), river, c. ), were the high bidders on six offshore tracts at the Outer Continental Shelf In the federal United States, the Outer Continental Shelf (OCS) consists of the submerged lands, subsoil, and seabed, lying between the seaward extent of the States' jurisdiction and the seaward extent of Federal jurisdiction. (OCS) Lease Sale No. 161 conducted by the U.S. Department of the Interior's Minerals Management Service on September 25th in New Orleans. Callon participated in bids totaling $7.6 million for the six blocks, encompassing 35,000 acres. The blocks include two in the High Island East Addition South Extension, one in the High Island South Addition, and three in Garden Banks. The company will hold a 25 percent working interest. Bids are subject to approval by the Minerals Management Service. Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950. CONTACT: Callon Petroleum Company, Natchez John S. Weatherly, CFO See Chief Financial Officer. , 800/451-1294 |
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