Akin Gump Reps Avista In $200M Venture With Carrizo

Law360, New York (September 30, 2011, 1:34 PM EDT) -- Private equity firm Avista Capital Partners has launched a joint venture with Carrizo Oil & Gas Inc., providing as much as $200 million for natural gas projects in Ohio and Pennsylvania, the companies announced Friday.

The joint venture closed on its first land acquisition, paying roughly $22.5 million for 15,000 acres in the natural gas liquids-rich region of the Utica Shale, a rock layer underlying the highly productive Marcellus Shale. The joint venture is building on the partners’ previous success in developing sites in the Marcellus...
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