Summary of CALLON PETROLEUM CO

Results of Operations and Financial Condition, Regulation FD Disclosure, Fina

Item 2.02. Results of Operations and Financial Condition

The following information, including the press release attached as Exhibits 99.1 and 99.2, is being furnished pursuant to Item 2.02 "Results of Operations and Financial Condition," not filed, for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This information shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On March 10, 2009, Callon Petroleum Company issued the press release attached as Exhibit 99.1 providing information regarding the company's operating results for the fourth quarter and the year ended December 31, 2008.

As disclosed in a press release dated March 2, 2009, attached as Exhibit 99.2, Callon Petroleum Company announced that its conference call reporting fourth quarter and full-year 2008 results would be held on Wednesday, March 11, 2009 beginning at 10:00 a.m. Central Standard Time.

Item 7.01. Regulation FD Disclosure

The following information, including the press release attached as Exhibit 99.3, is being furnished pursuant to Item 7.01 "Regulation FD Disclosure," not filed, for purposes of Section 18 of the Exchange Act. This information shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On March 10, 2009, Callon Petroleum Company issued the press release attached as Exhibit 99.3 announcing guidance for the first quarter and full-year 2009.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit Number                            Title of Document

99.1             Press release dated March 10, 2009 providing information regarding
                 Callon Petroleum Company's  operating results the fourth quarter and
                 the year ended December 31, 2008.
99.2             Press release dated March 2, 2009 announcing that its conference
                 call reporting fourth quarter and full-year 2008 results would be
                 held on Wednesday, March 11, 2009 beginning at 10:00 a.m. Central
                 Standard Time.
99.3             Press release dated March 10, 2009 announcing guidance for the first
                 quarter and full-year 2009.