Exploration & Production

Carrizo to acquire Permian Basin assets from Devon Energy

Carrizo Oil & Gas plans to acquire 4,000 hectares in the Permian Basin in Texas from Oklahoma’s Devon Energy for $215 million.
By Staff reporter 16 August 2018 0 32183

Houston-based Carrizo Oil & Gas plans to acquire 4,000 hectares in the Permian Basin in Texas from Oklahoma’s Devon Energy for $215 million.

It will fund the purchase by selling 9.5 million shares of its common stock for around $218.5 million.