Carrizo-Avista US shale pact

摘要

Carrizo Oil Gas and Avista Capital Partners arejoining forces to target the Utica Shale play inOhio and Pennsylvania, USA.Carrizo and Avista bought 15,000 acres strad-dling eastern Ohio and northwesternPennsylvania at around US $1,500 per acre.The US independent will own an initial 10 ofthe joint venture, with Avista holding 90.