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Carrizo Slims Down 2015 CapEx; 4Q Wrap Up
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Carrizo Oil & Gas, Inc.'s senior management is hosting an analyst conference to provide an update on the company's current operations and future plans.
Highlights: Initiating 2015 crude oil production growth target of 17% Announcing 2015 drilling and completion capital expenditure plan of $450-$470 million Reporting preliminary Q4'14 crude oil production of 22,130 Bbl/d, above the high-end of guidance Increasing average Eagle Ford Shale per-well EURs to 510 MBoe from 499 MBoe Decreasing average expected Eagle Ford Shale well costs to $5.8 million Confirming 40-acre downspacing in the Niobrara B bench Reporting initial results from the Brown 1H well in the Utica Shale, which delivered a recent 6-day rate of 502 Bbl/d of condensate and 1.1 MMcf/d of rich gas on a 16/64" chokeS.P. "Chip"…
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