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Carrizo Using Larger Rig in the Utica; Wraps Marcellus Ops for the Year
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Carrizo Oil & Gas Inc. has reported a second quarter 2014 update on its Utica and Marcellus shale operations.
Utica ShaleIn the Utica Shale, Carrizo's condensate production during the quarter averaged approximately 116 Bbls/d. The Company's first well, the Rector 1H in Guernsey County, Ohio, produced for only about a month during the quarter before being shut-in for pressure build-up tests. During this time, the well produced at a gross rate of approximately 440 Bbls/d of condensate on a restricted choke. Carrizo has a 95% working interest in the Rector 1H well.
Carrizo received the spudder rig for its Utica Shale program late in the second quarter, and is currently drilling the top hole on the third well of its 2014 drilling program. The Company expects to receive the larger rig later…
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