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BRIEF-Carrizo Oil & Gas will sell its Utica Shale assets
September 5, 2017 / 11:01 AM / 3 months ago

BRIEF-Carrizo Oil & Gas will sell its Utica Shale assets

Sept 5 (Reuters) - Carrizo Oil & Gas Inc

* Carrizo Oil & Gas provides update on operations following Hurricane Harvey and announces the sale of its Utica Shale assets

* Carrizo Oil & Gas Inc - ‍Carrizo’s producing assets and facilities in Eagle Ford Shale sustained no damage as a result of Hurricane Harvey​

* Carrizo Oil & Gas Inc - ‍all of company’s operated Eagle Ford rigs and frac crews have resumed operations​

* Carrizo Oil & Gas-‍in preparation for storm, suspended its drilling and completions operations in play, but crews were able to return to field last week​

* Carrizo Oil & Gas Inc - as a result of downtime at third party midstream facilities and gulf coast refineries, sales volumes were temporarily reduced

* Carrizo Oil & Gas - expects to be able to ramp back to nearly full sales capacity in play this week

* Carrizo Oil & Gas-‍on Aug 31, entered deal to sell substantially all of assets in Utica Shale,located primarily in Guernsey County, for $62 million in cash​

* Carrizo Oil & Gas - regarding Utica Shale divestiture, could receive contingent payments up to $15 million in aggregate Source text for Eikon: Further company coverage:

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