Exploration & Production | General | Quarterly / Earnings Reports | First Quarter (1Q) Update
Carrizo Talks Midstream Issues, Infill Tests at Marcellus Acreage
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Carrizo Oil & Gas has reported an update on its first quarter 2014 Marcellus operations.
In the Marcellus Shale, Carrizo drilled 3 gross (1.2 net) operated wells during the first quarter, and completed 10 gross (2.7 net) wells. Natural gas production from the Marcellus was 44.5 MMcf/d in the first quarter, up from 39.0 MMcf/d in the prior quarter. The Company's production from the play continued to be impacted by midstream delays during the quarter, and Carrizo estimates its net productive capacity to be in excess of 70 MMcf/d currently. During the quarter, Carrizo completed its planned 2014 drilling activity, and has released its rig. The Company's remaining activity will be focused on completing its inventory of drilled wells. For the year, Carrizo currently plans to complete 25 gross…
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