Quarterly / Earnings Reports | Production | Proppant | Second Quarter (2Q) Update | Well Spacing | Capital Markets | Drilling Activity | Capex Decrease
Carrizo Ups Proppant Levels 25%, Tightens Spacing in Q2; Cuts D&C Budget
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Carrizo has announced its 2Q operational and financial results. Highlights include:
- Reduced 2017 D&C capital to $590-$610 million (down -5% from $620-$640 million previously).
Spacing
- 200' stage-spaced wells have outperformed 240' stage spaced wells by over 10%
- Carrizo is looking to tighten spacing even futher in the near-term, and is currently testing 150-180' spacing
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