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Carrizo Oil & Gas (NASDAQ:CRZO): Closing price $20.51
The private-equity Chinese firm Lanzhou Haimo Technologies will purchase the shale oil and gas assets of Carrizo in Colorado. The acquisition represents the first investment by a private Chinese firm into shale oil and gas exploration in an American oil field. Through the terms, the firm will pay $27.5 million for a 14.29 percent interest in Carrizo’s Niobrara shale oil and gas assets, which includes six thousand acres lying primarily in Weld and Adams Counties in Colorado, along with oil and gas wells and associated infrastructure.
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