One-Page Deal Sheet
Carrizo Forms Joint Venture with GAIL Limited
Gail (India) Limited Carrizo Oil & Gas Inc.
Announced Date
September 28,2011
Effective Date
September 01,2011
Close Date
September 28,2011
Transaction Type
JV
Enterprise Value (EV)($MM)
95
Asset/Basin:
{"Eagle Ford Shale"}
TargetZones:
{"Eagle Ford Shale (
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
La Salle
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Carrizo Oil & Gas, Inc. announced the closing of an unincorporated joint venture with a wholly owned subsidiary of GAIL (INDIA) LIMITED ("GAIL"). Under the joint venture agreement, Carrizo sold 20% of Carrizo's interest in approximately 20,200 net mineral acres leased by the Company in the highly prospective condensate zone of the Eagle Ford Shale for total consideration of $95 million, comprised of $63.65 million in cash and the assumption of an additional $31.35 million of Carrizo's future drilling and development costs ("drilling carry"). The cash proceeds from the transaction were used to…
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