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Another E&P Operator Selling Its Marcellus & Utica Assets
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Carrizo disclosed during its 1Q 17 conference call that it has looking to sell its Appalachia assets. Here is what the company said.
Brian Corales - Howard Weil
Okay. And in Appalachia, I'm assuming you're looking to sell both assets. And is there a data room open, or is this kind of see what's out there?
S.P. Johnson - Carrizo Oil & Gas, Inc.
We have engaged bankers on both of them and are doing teasers followed by data rooms.
Jeff Grampp - Northland Securities, Inc.
Morning, guys. Circling back to the Appalachian processes you guys are looking at, can you maybe just kind of walk us through the thought process? Was this kind of an opportunistic time in your minds to market these types of assets? Or is it a good time to generate some liquidity for potential M&A or acceleration? Or just…
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