Exploration & Production | Top Story | Deals - Acquisition, Mergers, Divestitures
Houston-Based Company Acquires 17,000 Permian Wolfcamp Acres
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Houston based Carrizo Oil & Gas Inc. unveiled its Wolfcamp Shale position and its plan to tap into the basin's resources.
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Sylvester P. Johnson - Chief Executive Officer, President and Director, commented: "During the quarter, we began to build a leasehold position in the Delaware Basin Wolfcamp play. We currently have more than 17,000 net acres in the play and hope to drill our participated well within the next 6 months.
"We were disappointed with most of the well results we saw. But late last year, it seemed like the industry cracked the code and started making some big Wolfcamp, A and B wells particularly. And Reeves and Culberson, we started looking at buying acreage out there. We initially bought some acreage that included gassy and oily acreage. Since that time, we've…
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