Ridgemar Energy to acquire Eagle Ford Shale assets from Callon for $700m.

Ridgemar Energy, an upstream company focused on creating value through the acquisition, development and operation of oil and gas assets, agreed to acquire Eagle Ford Shale assets from Callon, an independent oil and natural gas company, for $700m. "Our strategic Eagle Ford exit funds our Delaware expansion and focuses our people, capital and operations on our premium Permian position. We greatly appreciate our Eagle Ford employees who worked safely and diligently to create value and ultimately make today's transactions possible," Joe Gatto, Callon President and CEO.