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Ohio Utica Shale

Carrizo Oil and Gas sells off northern Utica shale holdings

By Bob Downing Published: October 16, 2012

Texas-based Carrizo Oil and Gas Inc. has sold off a portion of its northern Utica shale holdings.

The sale involves holdings in Ohio's Trumbull County plus Pennsylvania's Mercer and Crawford counties.

The leases were sold for $43 million in cash to an unnamed party.

The company did not say how many acres were involved in the sale, although earlier reports indicated it held 15,000 acres in that area.

The Youngstown-based Business Journal today reported that Texas-based Halcon Resources Corp. is the buyer.

Carrizzo still holds 26,000 acres in leases in the southern Utica shale: mostly in Ohio's Guernsey County.

It said it is most interested in Guernsey, Belmont and Harrison county in eastern Ohio.



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Utica and Marcellus shale web sites

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