![]() This represents incremental inflation of approximately 10% over the 10% inflation rate assumed for the initial 2022 budget. This revised guidance is the product of inflationary service cost pressures that have resulted in average price increases of approximately 20% related to key drilling and completion items over 2021 levels. HOUSTON, J/PRNewswire/ - Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced an updated operational capital budget range of $790 to $810 million in 2022, compared to the initial forecast of $725 million provided in February. Secures Multi-Year Firm Transportation Agreements for Permian Natural Gas ProductionĪnnounces Participation in Upcoming Investor Conferences Increases Adjusted Free Cash Flow Outlook for 2022 to Over $900 Million Updates Full-Year Capital Spending Forecast to Incorporate Increase in Service Costs
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