Carrizo Dumps “Non-Core” Assets in Barnett, E Texas & Marcellus

Carrizo Oil & Gas, a driller in the Marcellus Shale as well as in other shale plays, announced today it has sold the rest of its remaining Barnett Shale properties (the first shale play for Carrizo’s drilling) as well as selling off other “non-core” assets in East Texas and in the Marcellus itself. Proceeds from the sales: $268 million, which Carrizo plans to use to pay back loans and for more drilling mostly in the Eagle Ford Shale. The Utica Shale is in Carrizo’s sites for 2014.

There’s nothing in today’s statement that indicates Carrizo is abandoning the Marcellus, although their recent 2Q13 financial/operational update indicates they have scaled back a great deal on the Marcellus (see Carrizo Oil & Gas 2Q13: Scaling Back in the Marcellus…for Now). Carrizo’s statement (below) does not indicate where the 2,850 “non-core” acres they’ve just sold in the Marcellus are located…

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