form8k.htm
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
January 26, 2010
(Date of earliest event reported)

Callon Petroleum Company
(Exact name of registrant as specified in its charter)

Delaware
001-14039
64-0844345
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(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)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

Section 8 — Other Events

Item 8.01.  Other Events

Callon Petroleum Company announced on January 26, 2010, that it has received $44.7 million from the U. S. Department of the Interior’s Mineral Management Service (MMS) to reimburse the company for the overpayment of royalties at its Medusa Field in the Deepwater Region of the Gulf of Mexico.
 
Section 9 — Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

(c)
Exhibits

Exhibit Number
  
Title of Document
     
99.1
  
Press release dated January 26, 2010 announcing the receipt of $44.7 million from the MMS to reimburse the company for the overpayment of royalties at its Medusa Field in the Deepwater Region of the Gulf of Mexico.

 
 
 

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
       
January 27, 2010
By:
s/s B. F. Weatherly
  
   
B.F. Weatherly
  
   
Executive Vice President and
  
   
Chief Financial Officer
  

 
 
 

Exhibit Index

Exhibit Number
  
Title of Document
     
 
Press release dated January 26, 2010 announcing the receipt of $44.7 million from the MMS to reimburse the company for the overpayment of royalties at its Medusa Field in the Deepwater Region of the Gulf of Mexico.