Callon Petroleum Names New Executive VP, Chief Operating Officer

Callon Petroleum announced that Steven B. Hinchman, 50, will join the company, effective June 1, 2009, as Executive Vice President and Chief Operating Officer. After 29 years with Marathon Oil Corporation, Hinchman recently retired as Executive Vice President and a member of Marathon's Executive Committee.

"We are very excited to have someone of Steve's caliber join our management team," Fred Callon, Chairman and CEO comments.
"With 29 years of diverse oil and gas industry experience, he brings the management and leadership skills to help lead the company’s strategic focus and growth in the coming years."

Hinchman joined Marathon in 1980 after graduating from Pennsylvania State University with a Bachelor of Science Degree in Petroleum Engineering. He also holds a Master of Science Degree in Petroleum Engineering from Colorado School of Mines, which he earned in 1987. He joined Marathon as a field engineer and subsequently held a number of technical, staff and managerial positions of increasing responsibility in the company's domestic and international exploration and production organizations. Prior to being named Executive Vice President he served as Senior Vice President of Worldwide Production and as Senior Vice President of Production Operations.

He is a member of the board of directors of the American Petroleum Institute. He also serves as a Visiting Committee Member of the Petroleum Engineering Department of the Colorado School of Mines and as a member of the board of directors of the Sam Houston Council of the Boy Scouts of America. Additionally, Hinchman is a member of the Industrial and Professional Advisory Council of the Department of Energy and Geo-Environmental Engineering at Pennsylvania State University. In 2005, he received the distinguished Penn State Alumni Fellow Award.

Hinchman and the company anticipate reaching a final employment agreement prior to June 1, 2009.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties primarily in the Gulf Coast region. Callon’s properties and operations are geographically concentrated in Louisiana and the offshore waters of the Gulf of Mexico.