4 Energy Stock Stories That Should Fuel Investors’ Attention

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business