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Carrizo Sees 'Strong' Wolfcamp B IP; Turns on Taps at First Large-Scale Eagle Ford Pad

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Carrizo Sees 'Strong' Wolfcamp B IP; Turns on Taps at First Large-Scale Eagle Ford Pad

Carrizo reported its Q1 2018 results.

Highlights: Total production of 51,257 Boe/d, 11% above the first quarter of 2017 and above the high-end of the Company's guidance range Crude oil production of 34,136 Bbls/d, 18% above the first quarter of 2017 Net income attributable to common shareholders of $14.7 million, or $0.18 per diluted share, and Net cash provided by operating activities of $138.7 million Delaware Basin

Carrizo recently brought another strong Lower Wolfcamp B well online in its Phantom area. The Griffin State Unit 1922 10H began production in March, and has thus far achieved a peak 30-day rate of approximately 2,150 Boe/d (54% oil, 75% liquids) on a restricted choke from an approximate 9,750 ft. lateral. Carrizo holds an 80% working interest in the Griffin State…

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