Davis Polk is advising J.P. Morgan LLC as financial adviser to Callon Petroleum Company in connection with its $3.2 billion acquisition of Carrizo Oil & Gas, Inc. The transaction, which is expected to close during the fourth quarter of 2019, is subject to customary closing conditions and regulatory approvals, including the approval of shareholders of both companies.
Callon is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Carrizo is a Houston-based energy company actively engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Their current operations are principally focused on proven, producing oil and gas plays in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.
The Davis Polk corporate team includes partner William H. Aaronson and associate Camila Panama. All members of the Davis Polk team are based in the New York office.