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Carrizo Optimizes Eagle Ford Drilling Strategy; Ups Inventory
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Carrizo Oil & Gas Inc. has reported a second quarter update on its Eagle Ford Shale operations.
In the Eagle Ford Shale, Carrizo drilled 18 gross (13.5 net) operated wells during the second quarter, and completed 26 gross (20.8 net) wells. Crude oil production from the play rose to more than 16,100 Bbls/d for the quarter, an increase of 26% versus the prior quarter. At the end of the quarter, Carrizo had 21 gross (15.7 net) operated Eagle Ford Shale wells waiting on completion, equating to net crude oil production potential of approximately 5,900 Bbls/d. Carrizo is operating three rigs in the Eagle Ford Shale and currently expects to drill approximately 67 gross (54 net) operated wells in the play during 2014.
During the second quarter, Carrizo began testing its initial 330 ft…
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