Houston-based Carrizo Oil & Gas recently closed on its previously announced divestitures in the Appalachian Basin for $128 million, according to Kallanish Energy. The company also has a deal to sell its assets in the Denver-Julesburg Basin in Colorado for $140 million.
The recent sales are part of Carrizo’s plan to concentrate primarily on the Permian and Delaware basin in Texas and New Mexico. The company considers the assets of its recent sales “non-core assets.”
Earlier this year, Carrizo announced it had entered into agreements to sell assets in the Utica and Marcellus shales to unnamed buyers for $62 million and $84 million, respectively.