Barnett Shale

Carrizo Oil and Gas - Tier One Barnett Shale

Carrizo Oil and Gas (CRZO) presented at an energy conference in March 2010 and provided a breakdown on its properties in the Barnett Shale.

Carrizo Oil and Gas said that its acreage that the company calls Tier 1, which is located outside of Tarrant and Denton County has the following characteristics:

Initial Production Rate – 1.5 million cubic feet per day.

Estimated Ultimate Recovery – 1.8 Bcfe.

Cost – $2.1 million.

Finding and Development Costs - $1.54 per Mcfe

Completion Backlog – 1 gross well.

Net Production – 12 million cubic feet equivalent per day.

Carrizo Oil and Gas Updates Barnett Shale Operations

Carrizo Oil and Gas (CRZO) presented at an energy conference in March 2010, and updated its operations in the Barnett Shale. The company has 52,000 acres under net lease in the Barnett Shale distributed as follows:

Southeast Tarrant County – 18,000 acres

South Denton County – 3,000 acres

Tier One – 23,000 acres

Tier Two – 8,000 acres

Carrizo Oil and Gas has current production of 80 million cubic feet equivalent per day from its wells in the Barnett Shale, with an additional 31 net wells representing 74 million cubic feet equivalent per day awaiting completion.

Carrizo Oil and Gas has drilled a total of 208 gross, or 186 net wells to date on its acreage in the Barnett Shale.

XTO Energy - Barnett Shale Update

XTO Energy (XTO) updated its drilling operations in the Barnett Shale when it released earnings for the second quarter of 2009. The company has 277,000 net acres under lease, and is running 10 rigs. Production from its Barnett Shale properties averaged 621 million cubic feet equivalent per day.

XTO Energy reported the initial production rates of 9 wells that it completed during the second quarter of 2009 on its acreage in the core area of the Barnett Shale:
 
Gafford C 1H - 5.5 million cubic feet per day (MMCFPD)
Arlington Surber B 2H - 5.1 MMCFPD
Gafford D 1H - 4.6 MMCFPD
Mira Lagos Unit 3H - 4.6 MMCFPD
Britt Unit 12H - 4.5 MMCFPD
Gafford C 4H - 4.3 MMCFPD
Gafford D 4H - 4.2 MMCFPD
Graystone 2H - 4.1 MMCFPD
Mira Lagos Unit 2H - 4.1 MMCFPD

XTO Energy reported the initial production rates of 2 wells that it completed during the second quarter of 2009 on its acreage in the Tier 1 area of the Barnett Shale:
 
Hyles 3H - 2.1 MMCFPD
Hyles 2H - 2.0 MMCFPD ___________________________________________________________________

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