Deal snapshot: CARRIZO OIL AND GAS CLOSES USD 215M ACQUISITION OF DELAWARE BASIN PROPERTIES.
MANews-(C)2009-2018
Texas, US-based energy company Carrizo Oil and Gas, Inc. (NASDAQ: CRZO) has agreed to acquire Delaware Basin properties from Oklahoma, US-based onshore exploration and production group Devon Energy Corp. for USD 215m in cash, the company said.
The acquisition is currently expected to close during the fourth quarter of 2018 and increases the company's acreage position in the Delaware Basin to approximately 46,000 net acres on a pro forma basis. Subject to market conditions, the company plans to fund the purchase price with net proceeds from an equity offering announced concurrently with this release.
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