Carrizo Oil & Gas Announces New Growth Strategy in Crude Oil

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) reported an additional growth strategy in crude oil and liquids-rich plays.

The press release is quoted as saying:

As part of this effort, the Company has completed the acquisition of acreage and is pursuing additional land acquisitions in an unconventional play that is rich in condensate and natural gas liquids located in the Eagle Ford shale formation, principally in LaSalle County, Texas. The Company is also pursuing land acquisitions in an unconventional oil play located in the Niobrara formation in the Denver-Julesberg basin in Weld County, Colorado.

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