One-Page Deal Sheet
Carrizo Forms JV to Expedite Niobrara Drilling
Oil India Ltd. Carrizo Oil & Gas Inc.
Announced Date
October 04,2012
Effective Date
October 01,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
83
Asset/Basin:
{"DJ Basin"}
TargetZones:
{"Niobrara Formation
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld ,Adams
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Carrizo Oil & Gas, Inc. announced that it has entered into a joint venture agreement with subsidiaries of OIL India Ltd. and Indian Oil Corporation Ltd., both international energy companies based in Delhi, India. Pursuant to the agreement, OIL and Indian Oil Corp. have together acquired an undivided 30% non-operated interest in substantially all of Carrizo's assets and operations prospective for Niobrara Formation oil development located primarily in Weld and Adams Counties, Colorado for approximately $82.5 million. Included in the transaction is the sale of approximately 18,100 net mineral…
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