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Carrizo Oil & Gas to sell piece of Eagle Ford acreage for $245M

Published 12/12/2017, 08:50 AM
© Reuters.  Carrizo Oil & Gas to sell piece of Eagle Ford acreage for $245M
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  • Carrizo Oil & Gas (NASDAQ:CRZO) agrees to sell part of its Eagle Ford Shale assets for $245M to an undisclosed buyer.
  • CRZO says the divested assets include 24.5K net acres, located primarily in the downdip area of the volatile oil window, and had associated net production during Q3 of ~3,400 boe/day (63% oil, 19% gas, 18% NGLs); CRZO says the production associated with the sale accounts for less than 10% of its total in the Eagle Ford Shale.
  • Following the deal, CRZO says it will hold 78.5K net acres in the Eagle Ford, exclusively located within the core volatile oil fairway.
  • Now read: Carrizo Oil & Gas Completes Its Divestiture Program


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