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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report
February 5, 2004
(Date of earliest event reported)

Callon Petroleum Company

(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of
incorporation or organization)
  001-14039
(Commission File Number)
  64-0844345
(I.R.S. Employer
Identification Number)

200 North Canal St.
Natchez, Mississippi 39120

(Address of principal executive offices, including zip code)

(601) 442-1601
(Registrant’s telephone number, including area code)



 


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Item 5. Other Events
Item 7. Financial Statements and Exhibits
SIGNATURES
Exhibit Index
Press Release


Table of Contents

Item 5. Other Events

On February 5, 2004, Callon Petroleum Company issued the press release attached as Exhibit 99.1 announcing that the company has hedged a total of 5.4 million mmBtu (million British thermal units) of natural gas production during the 15-month period from January 2004 through March 2005. The natural gas hedges were implemented through derivative transactions in the form of no-cost collars. The company also announced it has hedged approximately one million barrels of crude oil production during the 12-month period from February 2004 through January 2005. The crude oil hedges were implemented through derivative transactions in a combination of swaps and no-cost collars.

Item 7. Financial Statements and Exhibits

     Exhibits

             
Exhibit Number   Title of Document        

 
       
99.1   Press release dated February 5, 2004 announcing hedging transactions.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Callon Petroleum Company
         
February 5, 2004   By:   /s/ John S. Weatherly
       
        John S. Weatherly
Senior Vice President and
Chief Financial Officer

 


Table of Contents

Exhibit Index

     
Exhibit Number   Title of Document

 
99.1   Press release dated February 5, 2004 announcing hedging transactions.