Carrizo Oil & Gas Announces Public Offering of Common Stock
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Carrizo Oil & Gas (CRZO) Announces $215M Delaware Basin Acquisition
August 14, 2018 5:44 PM EDTCarrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it has agreed to acquire Delaware Basin properties from Devon Energy Corporation (Devon) for $215 million in cash, subject to customary closing adjustments. Subject to market conditions, the Company plans to fund the purchase price with net proceeds from an equity offering announced concurrently with this release.
Acquisition Highlights
Approximately 10,600 gross (9,600 net) acres located in the Delaware Basin in Reeves and Ward counties, with the majority of the position adjacent to the Companys existing... More