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Oil India Ltd. and Indian Oil Corp. jointly purchase a 30% stake in Carrizo Oil & Gas'...

Oil India Ltd. and Indian Oil Corp. jointly purchase a 30% stake in Carrizo Oil & Gas' (CRZO) Niobrara shale assets in Colorado for $82.5M. CRZO holds 61,500 gross acres in the Niobrara basin, of which the Oil India-IOC consortium will have 18,450 acres. The deal marks the first investment by the Indian state companies in U.S. shale assets. CRZO +3.3% premarket.
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