Carrizo Focuses on Eagle Ford, Keeps Toe Dipped in Marcellus/Utica
Marcellus and Utica Shale driller Carrizo Oil & Gas issued a second quarter brief update yesterday to say results they’re getting in the Eagle Ford Shale play (in Texas) are better than expected. Carrizo gets both oil and gas in the Eagle Ford, which seems to be their focus lately. Carrizo operates three rigs in the Eagle Ford, two in the Niobrara Formation (Colorado), and one rig in the Marcellus. According to the release, Carrizo will move up previously planned Utica drilling from 2014 to 2013 to avoid drilling in the winter. They plan to drill their second Utica well by the end of this year.
According to MDN’s Marcellus and Utica Shale Databook 2013, Volume 1, for the period Jan-Apr 2013, Carrizo had 8 permits issued for drilling in Pennsylvania, and 2 permits for drilling in Ohio. Relevant portions of yesterday’s Carrizo update: