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Company Outlines Plan to Operate 2 Rigs, Complete 50 Wells in 2016
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Carrizo Oil & Gas outlined its drilling and completion plans / guidance for 2016 below.
2016 Drilling & Completions Eagle Ford Shale Rigs Plan to Operate : 2 Wells Plan to Drill/Spud : 49 Gross (46 Net ) Wells Plan to Complete : 56 Gross (53 Net) Capital Expenditure : $270-$290 Million Delaware Basin The Company currently expects to complete at least one of its remaining drilled-but-uncompleted wells during 2016. DJ Basin / Niobrara For 2016, Carrizo has allocated a small amount of capital to the Niobrara for the completion of several drilled-but-uncompleted wells as well as lease maintenance activity. Marcellus / Utica Carrizo does not currently plan to drill or complete any wells in Appalachia during 2016. 2016 Plans & GuidanceGiven the decline in commodity prices, Carrizo…
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