News Releases

Baker Botts Represents Carrizo Oil & Gas, Inc. in $3.2 Billion Merger with Callon Petroleum Company


Deal Description: July 15, 2019 – Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) (“Carrizo”) has agreed to merge with Callon Petroleum Company (NYSE: CPE) (“Callon”), in a transaction valued at approximately $3.2 billion, with Callon being the surviving entity at the conclusion of the transaction. The consideration to each Carrizo common shareholder will consist of 2.05 shares of Callon common stock for each share of Carrizo common stock.  The merger is expected to create a premier mid-cap oil and gas company with scaled development operations across a portfolio of core oil-weighted assets in both the Permian Basin and Eagle Ford Shale. At the closing, three members of Carrizo’s board of directors will be added to the combined company’s board of directors. The merger, which is subject to shareholder approvals from both companies and customary closing conditions and regulatory approvals, is expected to close in the fourth quarter of 2019.

Baker Botts L.L.P. is representing Carrizo in the transaction.

Baker Botts Lawyers/Office Involved:

Corporate: Gene Oshman (Partner, Houston); Jim Marshall (Partner, Houston); Lakshmi Ramanathan (Associate, Houston); Sunil Jamal (Associate, Houston); Steven Lackey (Associate, Houston); Jack Chadderdon (Associate, Houston)

Employee Benefits: Rob Fowler (Partner, Houston); Gabriela Alvarez (Associate, Houston)

Tax: Derek Green (Partner, Houston); Jon Lobb (Partner, Houston); Dominick Constantino (Associate, Houston)

Finance: Andrew Thomison (Partner, Houston)

Antitrust: Thomas Fina (Partner, Washington)

For more information, please see Carrizo’s and Callon’s news release.

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

Related Professionals