Carrizo accumulates land in US shale plays

By OGJ editors
HOUSTON, July 24 -- Carrizo Oil & Gas Inc., a Houston independent with 82,000 net acres in the Fort Worth basin Barnett shale play, said it has accumulated more than 200,000 net acres in other US shale plays.

Based on geological and geochemical criteria, Carrizo has under lease or option 70,000 net acres in the Barnett-Woodford shale play in West Texas-New Mexico, 100,000 net acres in the Floyd-Neal shale play in the Black Warrior basin in Mississippi-Alabama, 18,000 net acres in the New Albany shale play in the Illinois basin in western Kentucky, and 12,000 net acres in the Fayetteville shale play in the Arkoma basin in Arkansas.

Drilling commitments are limited to two wells in the next 12 months.

The company is preparing to begin testing the Floyd shale with a 3D survey and horizontal wells and to drill horizontal Barnett Shale wells in "Tier 2" Erath County, Tex., and high potential core wells in southeast Tarrant County, Tex.

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