Carrizo breaks free of Barnett in $268MM deal

摘要

Houston-based Carrizo Oil & Gas Inc. (Nasdaq: CRZO) has sold its remaining Barnett shale properties as well as other non-core assets in East Texas and the Marcellus shale for $268 million. The divestiture includes 9,000 net acres primarily in Southeast Tarrant County with year-end 2012 proved reserves of 303.5 billion cu. ft. (Bcf). Current net production from the assets is 44 million cu. ft. (MMcf) per day. Closing of the transaction is expected by late October, with an effective date of July 1.