A Compelling Energy Story

Carrizo (CRZO), a mid-cap oil and gas producer and major player in the premier shale regions, including Eagle Ford and Utica, has recently announced a plan to sell the remainder of its long-held Barnett Shale acreage for $268 million. This is the final move in an incremental process to sell off the company's once huge position in North Texas, and also part of the company's greater plan to shift focus from natural gas to oil. 

Carrizo got its start at unconventional shale drilling in North Texas, acquiring land there over a decade ago. By selling its remaining 9,000 acres, Carrizo has now satisfied its funding gap and can continue spending capital on newer, higher-return, liquids-rich plays. This was a good move....421 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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