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 (DATE OF EARLIEST EVENT REPORTED): January 9, 1997
CALLON PETROLEUM COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 0-25192 64-0844345
_______________________________ ___________ ___________________
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
200 North Canal Street
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
Callon Petroleum Company announced on January 9, 1997 the resignation
of John S. Callon, 76, as chief executive officer and the appointment
of Fred L. Callon, 46, its president, as its new chief executive
officer. At the same time Dennis W. Christian, 50, senior vice
president, acquisitions and operations, assumed the position of chief
operating officer which was previously held by Fred L. Callon.
John S. Callon will continue to serve as chairman of the board of
directors and as a special consultant to the company. The chairman
stated he is fully confident that the senior management team of Fred L.
Callon, CEO, Dennis W. Christian, COO, and John S. Weatherly, CFO, will
continue the outstanding growth of the company in a planned and
conservative manner.
"While everyone at Callon is saddened to seeing John assume a less
active role, we are secure in our knowledge that his wisdom and advise
will be readily available," Fred L. Callon points out.
Item 7. Exhibits
1. Underwriting Agreement*
2. Plan of acquisition, reorganization, arrangement, liquidation or
succession.*
4. Instruments defining the rights of security holders, including
indentures*
16. Letter re change in certifying accountants*
17. Letter re director resignation*
20. Other documents or statements to security holders*
23. Consents of experts and counsel*
24. Power of attorney*
27. Financial data schedule*
99. Additional exhibits*
_________________________
* Inapplicable to this filing
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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 thereunto duly authorized.
CALLON PETROLEUM COMPANY
Date January 14, 1997 By /s/ John S. Weatherly
_________________________________________
John S. Weatherly, Senior Vice President,
Chief Financial Officer and Treasurer
