Oil Co. Issues $300M Offering Amid Eagle Ford Asset Buy

Law360, New York (October 28, 2014, 1:14 PM EDT) -- Carrizo Oil & Gas Inc. on Monday completed the purchase of $243 million worth of Eagle Ford Shale assets, where it was already the operator, and said it is issuing a private offering of $300 million of 7.5 percent senior notes due 2020 in connection with the acquisition.

The land, purchased from Eagle Ford Minerals LLC, spans 6,820 acres in the Texas counties of LaSalle, Atascosa and McMullen and contains about 16.7 million barrels equivalent, according to Carrizo. The company paid for the deal in cash and funded most of it with the senior note offering, which it initially priced at...

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