Based
in Houston, Texas, Carrizo Oil & Gas, Inc. is an
independent energy company engaged in the exploration,
development and production of oil and natural gas. Main areas of
focus include the Barnett Shale in North Texas and the Marcellus
Shale in the northern Appalachian Basin of Pennsylvania. Carrizo
O&G continues operations along the Gulf Coast in Texas and
Louisiana, and in the North Sea near the United Kingdom.
In the Fort Worth Basin’s Barnett Shale, Carrizo drilled more
than 60 wells in 2008 and identified over 650 future drilling sites.
Carrizo’s next area of focus will be the
Marcellus Shale, with
103,000 net acres in PA, NY, VA and WV (as of May 2009). By early
2010, Carrizo had drilled three of the five vertical evaluation
wells scheduled for West Virginia’s Marcellus Shale.
Carrizo O&G and partner Avista Capital hold equal shares of
218,000 prospective acres in the Marcellus Shale. In 2010, Carrizo
will be participating in its first horizontal Marcellus well with
Stone Energy in western Susquehanna County, Pa. and has plans
for drilling nine horizontal wells. Future plans in the Marcellus
Shale include an ongoing pilot well drilling program.
Carrizo also maintains acreage positions in four other
shale
plays: Fayetteville, Floyd, New Albany and the Marfa Basin.
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