Carrizo exits Barnett Shale with $268M asset sale

Carrizo Oil & Gas will get about $268 million from the sale of its remaining assets in the Barnett Shale, along with other holdings in the Marcellus Shale and in East Texas to an undisclosed buyer. "While we've had a great run in the play, and worked with some great partners, we believe the sale of these assets is a natural step in our continued shift towards premier oil and liquids-rich plays," said S.P. "Chip" Johnson, Carrizo's president and CEO.  American City Business Journals/Houston/Energy Inc. blog (9/4)