Carrizo Oil & Gas Lowers Production Guidance $CRZO Falls 6%

#13869
ThePitBoss
Participant

$CRZO has agreed to divest a portion of its assets in the Eagle Ford Shale for $245MM in cash.

The divested assets include approx. 24,500 net acres, located primarily in the downdip area of the volatile oil window, and had associated net production during 3Q17 of approx. 3,400 Boe/d. The transaction is expected to close by the end of Jan. 2018.