Carrizo

Fresh from closing on a pair of asset sales in the Appalachian Basin, Carrizo Oil & Gas Inc. said it will sell substantially all of its assets in the Denver-Julesburg (DJ) Basin to an undisclosed buyer for $140 million, the latest move in a divestiture program begun earlier this year.

Energy Investment firm Kalnin Ventures LLC has agreed to buy more Marcellus Shale assets in central and northeast Pennsylvania from Carrizo Oil & Gas Inc. and an affiliate of India’s Reliance Industries Ltd. in transactions valued at $210 million.

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.

The U.S. Bureau of Land Management (BLM) in Utah is planning to offer 75 oil and gas parcels within 94,000 acres in Duchesne, Uintah and Emery counties in an online December quarterly lease sale. BLM said the leases would contain stipulations and best-management practices aimed at addressing air quality and water resources and ensuring the “safe and environmentally responsible” development. BLM also may modify the stipulations to accommodate site-specific resources. Last year, leasing on BLM lands in Utah contributed $1.7 billion to the economy, supporting 9,700 jobs, according to the federal agency.

U.S. oil and gas rig activity remained pretty steady during the last week of June as those in search of oil declined by two to 756, while those drilling for natural gas added one to 184, according to data from Baker Hughes Inc.

U.S. oil and gas rig activity remained pretty steady during the last week of June as those in search of oil declined by two to 756, while those drilling for natural gas added one to 184, according to data from Baker Hughes Inc.

Houston-based Carrizo Oil & Gas Inc. agreed to nearly double its West Texas Permian Basin portfolio in a $648 million deal with private equity-backed Exl Petroleum Management LLC.

After adding to its Eagle Ford Shale assets last year and growing company-wide production by 10% during the first quarter, Houston-based Carrizo Oil & Gas Inc. is pondering the sale of its Appalachian assets, CEO Chip Johnson said Tuesday.

Carrizo Oil & Gas Inc. (CRZO) is buying 15,000 net acres in the Eagle Ford Shale from an affiliate of Sanchez Energy Corp. for $181 million in cash.