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Carrizo Touts 165 ft Lateral Spacing; Grows Eagle Ford Drilling Inventory

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Carrizo Touts 165 ft Lateral Spacing; Grows Eagle Ford Drilling Inventory

Carrizo Oil & Gas reported its third quarter 2016 results.

Key Points:

Eagle Ford

Q3 D&C - Drilled 17 gross (14.9 net) operated wells / completed 24 gross (23.2 net) wells Two rigs active Stagger-Stack Pilot - Six stagger-stack pilots on production across its Core acreage position in the Eagle Ford Shale, testing effective lateral spacing ranging from 165 ft. to 280 ft. Frac Stage Spacing - Testing tighter frac stage spacing, reducing the stage spacing to 200 ft. from 240 ft.  Completed 15 wells with the tighter stage spacing, wells on the initial pad exhibiting an approximate 15% increase in productivity in the first 60 days.

Delaware Basin

Completed two wells during Q3 Plans to drill and complete four operated wells in the Delaware Basin during 2016, versus three wells…
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