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 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 (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On May 11, 2009, Callon Petroleum Company issued the press release attached as Exhibit 99.1 providing information regarding the company's operating results for the quarter ended March 31, 2009.

As disclosed in a press release dated May 4, 2009 attached as Exhibit 99.2, Callon Petroleum Company announced that its conference call reporting first quarter 2009 results would be held on May 11, 2009 beginning at 10:00 a.m. Central Standard Time.

Item 7.01. Regulation FD Disclosure

The following information, including 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 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On May 11, 2009, Callon Petroleum Company issued the press release attached as Exhibit 99.3 announcing guidance for the second quarter and full year of 2009.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit
 Number                          Title of Document

  99.1            Press release dated May 11, 2009 providing information regarding
                  Callon Petroleum Company's operating results for the quarter
                  ended March 31, 2009.

  99.2            Press release dated May 4, 2009 announcing Callon Petroleum
                  Company's conference call reporting first quarter 2009 results.

  99.3            Press release dated May 11, 2009 announcing guidance for the
                  second quarter and full year of 2009.