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Stock Market & Financial Investment News

News Breaks
January 28, 2014
06:37 EDTCRZOCarrizo Oil & Gas to announce plans to increase FY14 crude oil production by 50%
Carrizo Oil & Gas plans to provide an update on the company's current operations and future plans. The presentation includes the following key highlights: increasing 2014 crude oil production growth target to 50% from 40%+; reporting preliminary Q4 crude oil production of 13,029 Bbl/d, above the high-end of guidance; increasing average Eagle Ford Shale per-well EURs to 523 MBoe from 495 MBoe; decreasing average expected Eagle Ford Shale well costs to $7.5M-$8.0M. Reporting continued strong performance from the Rector 1H well in the Utica Shale, with current rates running approximately 500 Bbl/d of condensate, 1.9 MMcf/d of residue gas, and 95 Bbl/d of NGLs, assuming ethane rejection and a natural gas shrink of 7%, or 906 Boe/d on a 14/64 in. choke.
News For CRZO From The Last 14 Days
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October 23, 2014
08:13 EDTCRZOCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link

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