Carrizo enters $82.5MM Niobrara JV with India Oil

摘要

Houston-based Carrizo Oil & Gas Inc. (Nasdaq: CRZO) has entered into a joint venture agreement with subsidiaries of OIL India Ltd. and Indian Oil Corp. Ltd., both international energy companies based in Delhi, India. Pursuant to the agreement, OIL and Indian Oil Corp. have together acquired an undivided 30% nonoperated 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 some $82.5 million.