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Report: Carrizo, SM Energy considering possible merger

Carrizo Oil & Gas Inc. and SM Energy Co. have held early-stage discussions about a possible combination of the two companies, Bloomberg reported March 18 citing people familiar with the matter.

The people told Bloomberg there is no certainty the talks will lead to a transaction.

Both of the independent oil and gas producers do most of their business in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.