Referenced Stocks

Carrizo Enters $82.5 Million Niobrara Joint Venture

By Midnight Trader,  October 04, 2012, 07:00:57 AM EDT

Carrizo Oil & Gas, Inc. ( CRZO ) has entered into a joint venture agreement with subsidiaries of OIL India Ltd. and Indian Oil Corporation Ltd.

Pursuant to the agreement, OIL and Indian Oil Corp. have together acquired an undivided 30% non-operated interest in substantially all of Carrizo's assets and operations prospective for Niobrara Formation oil development located primarily in Weld and Adams Counties, Colorado for approximately $82.5 million.

CRZO rose 3% to $25.83 in the after-hours market, moving closer to year high $31.62.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CRZO



Latest News Video

'Black Widow' Suicide Bomber Attacks Russian Police
'Black Widow' Suicide Bomber Attack...
Allen West Will "Look Into Getting Back Into the Political Framework'
Allen West Will "Look Into Getting ...
Man Plays Guitar During Brain Surgery
Man Plays Guitar During Brain Surge...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%