Exploration & Production | Quarterly / Earnings Reports
Carrizo Adds to Eagle Ford Acreage; Downspacing
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Carrizo provided the follow 3rd quarter operational update.
Eagle Ford ShaleIn the Eagle Ford Shale, Carrizo drilled 19 gross (14.7 net) operated wells during the third quarter, and completed 11 gross (8.6 net) wells. Crude oil production from the play rose to nearly 10,300 Bbls/d for the quarter, an increase of 3% versus the prior quarter. At the end of the third quarter, Carrizo had 32 gross (24.1 net) Eagle Ford Shale wells waiting on completion, equating to net crude oil production potential of approximately 8,900 Bbls/d. Carrizo is operating three rigs in the Eagle Ford Shale and currently expects to drill approximately 60 gross (46 net) operated wells in the play during 2013.
During the third quarter, Carrizo tested its initial 500 ft. downspacing wells in the Eagle Ford Shale, the…
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