Exploration & Production | Drilling & Completions | Quarterly / Earnings Reports | First Quarter (1Q) Update
Carrizo Testing Downspacing Concepts in the Niobrara; Adds 14 Wells
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Carrizo Oil & Gas has reported a first quarter 2014 update on its Niobrara operations.
In the Niobrara Formation, Carrizo drilled 7 gross (2.0 net) operated wells during the first quarter, and completed 14 gross (5.5 net) wells. Crude oil production from the Niobrara was approximately 1,900 Bbls/d for the quarter, an increase of 6% versus the prior quarter. Niobrara production during the quarter was once again impacted by adverse weather conditions and other unscheduled downtime, which reduced the Company's production by more than 450 Bbls/d. Carrizo is operating one rig in the Niobrara and currently expects to drill 32 gross (11 net) operated wells during 2014.
Carrizo has been testing multiple downspacing concepts in the Niobrara. The Company tested 60-acre spacing in the B bench at…
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