Carrizo successfully drills, tests Liberty County well

Houston-based Carrizo Oil & Gas Inc. has successfully completed and tested its Hankamer No. 1 exploratory well, drilled to 12,500 ft TD in the company's Liberty Project area in Liberty County, Tex.

Oct. 23, 2002

By OGJ editors

HOUSTON, Oct. 23 -- Houston-based Carrizo Oil & Gas Inc. has successfully completed and tested its Hankamer No. 1 exploratory well, drilled to 12,500 ft TD in the company's Liberty Project area in Liberty County, Tex.

On test, the well, which reached TD Oct. 4, flowed 10.49 MMcfd of natural gas and 772 b/d of oil at 7,166 psi flowing tubing pressure from 40 ft of net pay in the Cook Mountain interval.

Well operator Carrizo holds 40% working interest in Hankamer No. 1. Well partners are Palace Exploration Co., New York City, and Choice Exploration Inc. of Arlington, Tex.

Carrizo expects to begin sales from the well in mid- to late December, it said. Also, the company expects to spud another well in Liberty County later this year.