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Carrizo Drops 2015 Capex 35% Over Year

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Carrizo Drops 2015 Capex 35% Over Year
Carrizo Portfolio Assets 2015 Drilling & Development Plans For 2015, Carrizo's drilling and completion capital expenditure plan is unchanged at $450.0-$470.0 million. The Company expects to run a three-rig program in the Eagle Ford Shale for the balance of the year. Carrizo currently expects to drill approximately 61 gross (54 net) operated wells in the play during 2015. Carrizo is also testing a stagger stack concept in the Eagle Ford Shale during 2015, which may allow it to further reduce effective lateral spacing in the lower Eagle Ford below 330 ft. While Carrizo does not currently plan to drill or complete any additional Utica Shale wells this year, it is laying the groundwork to ramp activity back up in 2016 in the event of an improved commodity price environment. Carrizo is…
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