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Carrizo Testing 330 to 500-ft. Spacing in the Eagle Ford; Talks Strategy

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Carrizo Testing 330 to 500-ft. Spacing in the Eagle Ford; Talks Strategy

Carrizo Oil & Gas Inc. has reported a third quarter 2014 update on its Eagle Ford Shale operations.

In the Eagle Ford Shale, Carrizo drilled 15 gross (13.1 net) operated wells during the third quarter, and completed 20 gross (15.8 net) wells. Crude oil production from the play rose to approximately 17,700 Bbls/d for the quarter, an increase of roughly 10% versus the prior quarter. At the end of the quarter, Carrizo had 16 gross (13.0 net) operated Eagle Ford Shale wells waiting on completion, equating to net crude oil production potential of approximately 4,900 Bbls/d. The Company recently added a fourth rig in the Eagle Ford Shale on a short-term contract, which is expected to be released around year-end. Carrizo expects to receive delivery of two new-build drilling rigs by the second…

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