Analyst Research

Report Title Price
Provider: New Constructs, LLC
$25.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00
Provider: ValuEngine, Inc.
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Carrizo Oil & Gas, Inc. To Get $82.5 Million In JV With Oil India Ltd And Indian Oil Corporation Limited-DJ


Thursday, 4 Oct 2012 06:51am EDT 

Dow Jones reported that Oil India Ltd and Indian Oil Corporation Limited have agreed to pay $82.5 million in cash and a drilling carry to Carrizo Oil & Gas, Inc. to form a joint venture (JV). Under the deal's terms, Oil India and Indian Oil Corp., both based in Delhi-have together acquired a 30% stake in substantially all of Carrizo's assets and operations prospective for Niobrara Formation oil development located primarily in Weld and Adams Counties, Colorado. Included in the transaction is the sale of about 18,100 net mineral acres and about 555 barrels of oil equivalents a day of production from 24 gross currently producing Carrizo-operated wells. Under the terms of the joint venture, Carrizo is receiving $41.25 million in cash and an additional $41.25 million in the form of a drilling carry that will be applied to fund a portion of Carrizo's share of future Niobrara development costs. The carry is anticipated to be fully utilized by early 2014. 

Company Quote

60.14
 +0.00%
27 Aug 2014