Parish

Carrizo Oil & Gas Inc., based in Houston, said its recently drilled LaRose Prospect well in Lafourche Parish, LA has tested at a gross rate of 11,650 Mcf/d and 1,466 bbl/d of condensate on a 16/64-inch choke. Flowing tubing pressure was approximately 9,740 pounds per square inch from 18 net feet of pay from the deepest sand interval in the well. The well was drilled to a total depth of 15,300 feet and logged more than 100 net feet of apparent pay in three intervals at depths ranging from 13,500 feet to 15,300 feet. Carrizo is operator and owns a 40% working interest in the well, and expects the well to begin production in about 60 days. The initial gross production rate is expected to be about 20,000 Mcfe/d. Carrizo holds approximately 1,150 acres in the LaRose Prospect and said that additional follow-up drilling will be needed to fully develop the prospect. Carrizo also announced that it had completed the sale of its interest in Michael Petroleum Corp., with total proceeds estimated at $5.5-5.7 million.

Houston’s 3TEC Energy Corp. yesterday announced successfuldrilling results in St. Mary Parish, LA. The Amy Aycock No. 1 wellin the Garden City Field was drilled to a true vertical depth of15,033 feet, with 18 feet of net pay in the Operc 10 formation. Theoperation is expected to be completed by the end of this month.3TEC is the well operator, and it has a 75% working interest in thoperation. The well is the first in a series of 3-D seismicallydefined prospects expected to be drilled in the next year.