Callon Petroleum Company : Callon Petroleum Company Announces Retirement of Vice President

 Callon Petroleum Company : Callon Petroleum Company Announces Retirement of
                                Vice President

Natchez, MS (March 19, 2013) - Callon Petroleum Company (NYSE: CPE) today
announced the planned retirement of Vince Borrello, Vice President and General
Manager, Permian Basin Operations. His retirement from the Company will become
effective on April 15, 2013. Gary Newberry, Senior Vice President, Operations,
will be assuming the responsibilities of Mr. Borrello following his departure,
with Jimmy Baggett, Operations Manager, reporting directly to Mr. Newberry.

Fred Callon, Chairman and CEO, commented, "Vince has been an important part of
establishing Callon's presence in the Permian Basin and building a team for
the future. We would like to thank Vince for his contributions to the company
and are pleased that he will be able to spend more time with his family as he
transitions to Fort Worth."

Mr. Borrello joined the Company on April 1, 2011. Prior to that time he served
in executive management positions at Lothian Oil, Inc and Celero Energy, LLC
where he was also a founding partner. Previously, he held various engineering
management positions with Texas Oil & Gas and Marathon Oil Company. He retired
from Marathon Oil in 2000. Mr. Borrello graduated from Louisiana State
University in 1974 with a B.S. degree in Petroleum Engineering.

Callon Petroleum Company is engaged in the acquisition, development,
exploration and operation of oil and gas properties in Texas, Louisiana and
the offshore waters of the Gulf of Mexico.

This news release is posted on the company's website at www.callon.com and
will be archived there for subsequent review. It can be accessed from the
"News Releases" link on the top of the homepage.

For further information contact
Rodger W. Smith, 1-800-451-1294

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Source: Callon Petroleum Company via Thomson Reuters ONE
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