Carrizo plays shale with $250 millionCarrizo plays shale with $250 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=26622014-10-28T11:42:00Z2014-10-28T00:00:00Z

SAN ANTONIO - Carrizo Oil & Gas Inc. bought leasehold and producing interests in the Eagle Ford Shale from Texas-based Eagle Ford Minerals LLC for $250 million in cash.

The deal includes 6,820 net acres, primarily in LaSalle, Atascosa and McMullen counties.

Net production is approximately 2,670 barrels of oil equivalent per day, 85 percent of which is oil, from 81 gross wells. Carrizo estimates the assets' net proved reserves at 16.7 million barrels of oil equivalent, of which 82 percent is oil and 34 percent is developed.

Carrizo paid approximately $93 million when the deal closed October 24 and will pay the remaining $150 million by February 16, 2015.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/eagle-ford-shale-insight/2014/10/carrizo-drops-250-million-on-acreage-in-eagle-ford.htmlRead more at {Source}

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