Callon Petroleum gets 15% boost to borrowing base under revolver

By Marisa Wong

Madison, Wis., April 30 - Callon Petroleum Co. said it received lender commitments to increase the borrowing base under its $200 million revolving credit facility by 15%.

The $10 million of additional commitments lifts the borrowing base to $75 million, according to an 8-K filing with the Securities and Exchange Commission.

The next redetermination is scheduled to occur in the third quarter following preparation of mid-year reserves.

The oil and gas company is based in Natchez, Miss.

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