Sat it on the investor call, and the townhall today. Lots of questions. Will Callon cease to exist after closing (or be a subsidiary i.e. XTO Exxon Mobil)? What will happen with the field offices in Permian/Delaware Basins? Severance... — read more
Callon layoffs
Callon has laid off numerous workers today. Most are transitioning for several months. Layoffs were not unexpected.
Callon / Redundancies 2016
Less work, less money, less sales, less profits... Now, let's cut some expenses and it's easy to lay people off - Callon's done it before too. Good luck.
Louisiana, Alabama, offshore
All under pressure now, but good management and good prospects for future. I think Callon will do well even though 2015 will be a tough year