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Carrizo Cuts Budget 35%, No Drilling Planned in Utica/Marcellus in 2015 | Marcellus Drilling News
Carrizo Oil & Gas is the latest Marcellus/Utica driller to cut their 2015 capital expenditures (capex) budget--by 35% over 2014. According to the Carrizo announcement below, they plan to spend $450-$470 million on drilling, most of it in the Eagle Ford (Texas) where they're running three drilling rigs. They will spend only has much as