Sunday, October 3, 2010

Carrizo Oil and Gas Inc. - Barnett Shale Update

By Andrea:

Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Barnett Shale:

In the Barnett Shale, all 22 wells on the drilling pad located on the campus at the University of Texas at Arlington are on full production. The pad is flowing at a rate of 62 mmcfe/day now that pipeline constrictions have been resolved and the final wells completed. The production from the new wells and the increase in capacity has allowed the company's current Barnett net production to rise to approximately 112 mmcfe/day.

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