8-K

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

April 30, 2009

(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	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		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):

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 7 — Regulation FD

Item 7.01. Regulation FD Disclosure

The following information, including Exhibit 99.1, is being furnished pursuant to Item 7.01 “Regulation FD Disclosure,” not filed, for purposes of Section 18 of the Exchange Act. This information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On April 30, 2009, Callon Petroleum Company issued the press release attached as Exhibit 99.1 reporting that Steven B. Hinchman will join the company, effective June 1, 2009, as Executive Vice President and Chief Operating Officer. Mr. Hinchman and the company anticipate reaching a final employment agreement prior to June 1, 2009.

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 April 30, 2009 announcing employment of Steven B. Hinchman effective June 1, 2009.

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
April 30, 2009	By:	/s/ Bob F. Weatherly
		Bob F. Weatherly
		Executive Vice President and
		Chief Financial Officer

Exhibit Index

Exhibit Number	Title of Document
99.1	Press release dated April 30, 2009 announcing employment of Steven B. Hinchman effective June 1, 2009.

EX-99.1

EXHIBIT 99.1

For further information contact

Bob F. Weatherly, CFO 1-800-451-1294

FOR IMMEDIATE RELEASE

Callon Petroleum Company Announces New

Executive Vice President, Chief Operating Officer

Natchez, MS (April 30, 2009) — Callon Petroleum Company (NYSE: CPE) announced today that Steven B. Hinchman, 50, will join the company, effective June 1, 2009, as Executive Vice President and Chief Operating Officer.  After 29 years with Marathon Oil Corporation, Hinchman recently retired as Executive Vice President and a member of Marathon's Executive Committee.

“We are very excited to have someone of Steve's caliber join our management team,” Fred Callon, Chairman and CEO comments.  “With 29 years of diverse oil and gas industry experience, he brings the management and leadership skills to help lead the company’s strategic focus and growth in the coming years.”

Hinchman joined Marathon in 1980 after graduating from Pennsylvania State University with a Bachelor of Science Degree in Petroleum Engineering. He also holds a Master of Science Degree in Petroleum Engineering from Colorado School of Mines, which he earned in 1987. He joined Marathon as a field engineer and subsequently held a number of technical, staff and managerial positions of increasing responsibility in the company's domestic and international exploration and production organizations. Prior to being named Executive Vice President he served as Senior Vice President of Worldwide Production and as Senior Vice President of Production Operations.

He is a member of the board of directors of the American Petroleum Institute. He also serves as a Visiting Committee Member of the Petroleum Engineering Department of the Colorado School of Mines and as a member of the board of directors of the Sam Houston Council of the Boy Scouts of America. Additionally, Hinchman is a member of the Industrial and Professional Advisory Council of the Department of Energy and Geo-Environmental Engineering at Pennsylvania State University.  In 2005, he received the distinguished Penn State Alumni Fellow Award.

Hinchman and the company anticipate reaching a final employment agreement prior to June 1, 2009.

Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties primarily in the Gulf Coast region.  Callon’s properties and operations are geographically concentrated in Louisiana and the offshore waters of the Gulf of Mexico.

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Our ability to comply with the NYSE listing requirements in the future, and the opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in our businesses are set forth in our filings with the SEC. These risks and uncertainties include general economic conditions; the volatility of oil and natural gas prices; the uncertainty of estimates of oil and natural gas reserves; the availability and cost of seismic, drilling and other equipment; operating hazards inherent in the exploration for and production of oil and natural gas; difficulties encountered during the exploration for and production of oil and natural gas; weather conditions; and other factors listed in the reports filed by us with the SEC.  For additional information with respect to these and other factors, see our reports filed with the SEC. Our forward-looking statements speak only as of the date made, and we have no obligation to update these forward-looking statements.