Carrizo O&G Now Gone from Marcellus/Utica, Totally Focused on Texas

Carrizo Oil & Gas no longer owns any assets in either the Marcellus or Utica Shale. Carrizo, a Houston-based driller, actively drills in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the D-J Basin in Colorado (more on that in a moment), and until mid-year in 2015, they had an active drilling program in the Ohio Utica and Pennsylvania Marcellus. We told you back in May that Carrizo was shopping its Marcellus/Utica assets (see Carrizo O&G Puts Up ‘For Sale’ Sign on Marcellus/Utica Assets). In September Carrizo announced a deal to sell their Utica acreage for $62 million (see Carrizo Sells 26K Prime Utica Acres for $62M), and in October they announced a deal to sell their Marcellus acreage for $84 million–their portion of a joint venture with India’s Reliance Industries Limited (see India’s RIL, Carrizo Sell NEPA Marcellus Assets for $210M). Yesterday Carrizo announced both deals have closed. Carrizo, along with Elvis, has left the building. They also announced a new deal to sell off all of their assets in the Colorado D-J Basin. Carrizo will totally focus on oil drilling in the Eagle Ford Shale (South Texas) and the Permian Basin (West Texas)…

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