Although Carrizo Oil and Gas (CRZO) is known mostly for its reserves and production in the Barnett Shale in Texas, the company is also accumulating acreage in other shale plays in North America, including the Marcellus Shale.
Carrizo Oil and Gas drilled and completed its first Marcellus Shale horizontal well, the Cowfer #1, but did not release any details on production. The well is located in Center County, Pennsylvania.
Carrizo Oil and Gas plans on drilling 5 vertical wells in the Marcellus Shale on its acreage in West Virginia in 2009. The company also leased 6500 acres in Susquehanna County in Northeast Pennsylvania. ___________________________________________________________________
Do you use technical analysis to find the proper entry point before you buy a stock? Then Click Here for a free Trend Analysis.