Planning frac holiday in November and December
Carrizo Oil & Gas (ticker: CRZO) announced third quarter results today, showing net earnings of $76.1 million, or $0.85 per share.

Carrizo produced 64.6 MBOEPD this quarter, up 17% from 2017 and above the high end of the company’s guidance. This outperformance led Carrizo to increase its full-year production guidance from 58.9 MBOEPD to 60.4 MBOEPD. Growth is likely to slow in the coming quarters, however, as heavy rains and maintenance on gas gathering systems are currently impacting the company’s Eagle Ford operations. These impediments are expected to decrease output by about 1 MBOEPD in Q4.

Carrizo is holding to its CapEx guidance, but will reduce completions activity to stay wit...

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