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Carrizo Sees Production Stall in the Marcellus, Utica Shales
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Carrizo Oil & Gas Inc. has reported a third quarter 2014 update on its Marcellus and Utica shale operations.
Utica ShaleIn the Utica Shale, Carrizo had negligible condensate production during the quarter as its first well in the play, the Rector 1H in Guernsey County, Ohio, has been shut-in since the second quarter. Carrizo expects to bring the Rector 1H back online in 2015 once infrastructure is in place.
Carrizo received the larger rig for its Utica Shale program late in the third quarter, and it is currently drilling the second well of its 2014 drilling program, the Wagler 2H in northern Guernsey County. Carrizo is the operator of the Wagler 2H well, and holds a 67% working interest in it. In addition to the larger rig, Carrizo is also running one spudder rig in the play. This should…
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