Wednesday, October 6, 2010

Carrizo Oil and Gas Inc. - Eagle Ford Shale Update

By Andrea:

Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Eagle Ford Shale, located in La Salle County, Texas:

During the third quarter, the company drilled and cased three Eagle Ford Shale horizontal wells and is currently drilling the horizontal leg in a fourth. Following the completion of drilling and casing activities on this well, the drilling rig will be moved to a location in close proximity to the El Paso Hixon #1 to spud a fifth well. The first three wells are being prepared for hydraulic fracture stimulation, which is expected to begin in the third week of October. The fourth and fifth wells are expected to be stimulated and completed in succession following the completion of the first three. These Eagle Ford wells are all located in the condensate window in central La Salle County, Texas.

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