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Carrizo Wrapping Up Eagle Ford Downspacing; Adds 15 Wells in 1Q
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Carrizo Oil and Gas has reported an update on its first quarter 2014 Eagle Ford operations.
In the Eagle Ford Shale, Carrizo drilled 15 gross (12.3 net) operated wells during the first quarter, and completed 15 gross (12.2 net) wells. Crude oil production from the play rose to more than 12,700 Bbls/d for the quarter, an increase of 14% versus the prior quarter. At the end of the quarter, Carrizo had 29 gross (23.5 net) operated Eagle Ford Shale wells waiting on completion, equating to net crude oil production potential of approximately 8,800 Bbls/d. Carrizo is operating three rigs in the Eagle Ford Shale and currently expects to drill approximately 64 gross (51 net) operated wells in the play during 2014, up from 62 gross (47 net) due to improved drilling efficiency.
Carrizo is currently…
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