Callon Petroleum $3.2 billion acquisition of Carrizo Oil & Gas

Overview:

• Callon Petroleum has acquired Carrizo Oil & Gas in a $3.2 billion deal. 
• The all-stock transaction will create an oil and gas company with assets in the Permian Basin and the Eagle Ford Shale. 
• JP Morgan acted as exclusive financial adviser for Callon and JPMorgan Chase and BofA Merrill Lynch advised Carrizo. 
• The transaction is expected to close in the fourth quarter of 2019. 

Kurt Stumpo - US Editor