Carrizo Oil and Gas

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In November, 2008 Houston, Texas-based Carrizo Oil and Gas (CRZO) announced a joint venture with the private equity firm Avista Capital Partners. The two companies will invest $150 million in acquiring and developing Marcellus shale acreage in its leasehold which was reported in March, 2009 to have gone over 200,000 net acres.

A January, 2009 report indicated Carrizo drilled two Marcellus wells at the end of 2008. It also has applied for permits to drill seven more Marcellus wells. The company is planning to drill a well in March, 2009 in Clearfield, PA. It was announced in March, 2009 the partners will drill ten vertical Marcellus wells in 2009.

  • S. P. "Chip" Johnson, IV is President and CEO of Carrizo Oil and Gas.
  • Paul F. Boling is Vice President, CFO, Secretary and Treasurer.
  • J. Bradley Fisher is the company's Vice President and COO.
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