Wednesday, October 6, 2010

Carrizo Oil and Gas Inc. - Niobrara Shale Update

By Andrea:

Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Niobrara shale located in Weld County, Colorado:

In the Niobrara, a well pad has been prepared on Carrizo's leasehold in northern Weld County, Colorado, a rig has been contracted, and the company's first Niobrara horizontal well is expected to spud in the first or second week of October. This well will be fractured and completed following drilling. The company expects to conduct a production test during the fourth quarter of this year. The company has committed to participate in a 300 square mile 3-D seismic acquisition program over its Niobrara acreage in conjunction with industry partners.

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