News Releases

Baker Botts Represents Carrizo Oil & Gas in Eagle Ford Shale Acquisition and Related Financing

Release
Deal Description: October 24, 2016 – Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) announced that it has agreed to acquire Eagle Ford Shale properties from an affiliate of Sanchez Energy Corporation for $181 million in cash, subject to customary closing adjustments. The purchase and sale agreement calls for Carrizo to acquire approximately 15,000 net acres located primarily in the volatile oil window of the Eagle Ford Shale. 

Following the closing of the transaction, Carrizo will hold over 100,000 net acres in the Eagle Ford Shale, concentrated in LaSalle, McMullen, and Atascosa counties. 

The transaction has an effective date of June 1, 2016. Carrizo plans to fund the acquisition with the proceeds from a separately-announced equity financing. 

Baker Botts is representing Carrizo in the acquisition, as well as the equity financing used to fund the acquisition. 

Baker Botts Lawyers/Office Involved: 

Acquisition: Gene Oshman (Partner, Houston), Coleson Bruce (Senior Associate, Austin), Ryan Staine (Associate, Houston), James Chenoweth (Partner, Houston) 

Equity Financing: Gene Oshman (Partner, Houston), Travis Wofford (Senior Associate, Houston), Ori Lev (Associate, Houston), Ruchira Podali (Associate, Houston), 

For more information, please see Carrizo’s news release by clicking here

 

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