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T H E U N I V E R S I T Y O F T E X A S A T A R L I N G T O N Thursday September 3, 2009 Volume 91, No. 8 www. theshorthorn. com Since 1919 BY JOAN KHALAF The Shorthorn senior staff TheuniversityannouncedWednesday that Carrizo Oil & Gas anticipates... More

T H E U N I V E R S I T Y O F T E X A S A T A R L I N G T O N Thursday September 3, 2009 Volume 91, No. 8 www. theshorthorn. com Since 1919 BY JOAN KHALAF The Shorthorn senior staff TheuniversityannouncedWednesday that Carrizo Oil & Gas anticipates drilling four to seven additional wells at the southeastern corner of campus within three to four months. Revenue from the additional wells isn’t expected until after March 2010 when the wells go into production. Communications Vice President Jerry Lewis said it’s hard to determine how much gas the wells will produce or how much money they will generate, due to the fluctuating market. “Last year, if we would have tried to predict how much money we would have gotten, we would have been way off,” he said. As of Aug. 31, the university garnered $3 million in royalties from the six wells in production on the site, said President James Spaniolo in a letter to the university community. Those wells will continue production, thus continue dra Less