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Brief -- Carrizo Utica Sale

Carrizo Oil & Gas Inc. has reached an agreement with an undisclosed buyer to sell for $62 million all of its Utica Shale assets in Guernsey County, OH, where it has nearly 26,000 net acres. The transaction is expected to close by the end of October. Carrizo earlier in 2017 said it would sell its Appalachian properties as they didn’t compete for capital with the core assets in the Eagle Ford Shale, the Permian’s Delaware sub-basin and the Niobrara formation. The company still has 16,000 net acres in the Marcellus Shale.

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