Advancement of Renewable Diesel Initiatives SUGAR LAND, Texas (May 11, 2021) - CVR Energy, Inc. ( CVR Energy or the Company ) (NYSE: CVI) today announced that its Board of Directors (the Board ) has determined that the Company will focus on renewable fuels and is no longer interested in acquiring another crude oil refinery. In connection therewith, the Board approved expenditures of up to $10 million to progress its renewable diesel initiatives, including: The completion of process design to convert an existing hydrotreater at the Coffeyville refinery to renewable diesel service; and The completion of process design and the ordering of certain long-lead equipment for a feed pretreater for the Wynnewood refinery to lower carbon intensity and feed cost. The pretreater design could be expandable to also process feed for the potential Coffeyville refinery renewable diesel conversion.
Callon Petroleum Company Announces Fourth Quarter and Full Year 2020 Results and Provides 2021 Plan Focused on Free Cash Flow and Debt Reduction Initiatives
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HOUSTON, Feb. 24, 2021 /PRNewswire/ Callon Petroleum Company (NYSE: CPE) ( Callon or the Company ) today reported results of operations for the three months and full-year ended December 31, 2020.
Presentation slides accompanying this earnings release are available on the Company s website at www.callon.com located on the Presentations page within the Investors section of the site.
2020 Highlights
Year-end proved reserves of 475.9 MMBoe (61% oil)
Generated net cash provided by operating activities of $559.8 million and adjusted free cash flow