Carrizo Oil and Gas (CRZO) updated its drilling operations on its Barnett Shale properties in Texas. The company has 52,000 net acres that are prospective for the Barnett Shale.
Carrizo Oil and Gas has completed and put onto production twenty-two wells at the University of Texas at Arlington. These Barnett Shale wells are producing 62 million cubic feet equivalent per day of natural gas, and total production from all the company’s Barnett Shale wells is 112 million cubic feet equivalent per day.
Carrizo Oil and Gas has 570 billion cubic feet equivalent of proved reserves in the Barnett Shale as of 12/31/2009.
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