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
Carrizo places deal at $13,000 per net acre Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash. Carrizo said it will fund the purchase with net proceeds from an equity offering. The underwritten public offering of 9,500,000 shares of common stock was priced
Eagle Ford, Delaware drilling and completions are moving the needle Carrizo Oil & Gas, Inc. (ticker: CRZO) had a net income of $14.7 million, or $0.18 per share in Q1 2018. The company went above the high-end of its guidance range, producing 51,257 BOEPD in the quarter. Carrizo said that the increased production was due to its recent A&D activity.
Carrizo Oil & Gas Responds to Kimmeridge 13D Filing
Carrizo Oil & Gas, Inc. (ticker: CRZO) has appointed Frances Aldrich Sevilla-Sacasa, age 62, to its board of directors. Her immediate appointment increases the size of the Carrizo board to eight. Photo: Americas Society / Council of the Americas Aldrich Sevilla-Sacasa is a private investor and was CEO of Banco Itaú International, Miami, Florida, from April 2012 to December 2016.
On December 12, Carrizo Oil & Gas, Inc. (ticker: CRZO) announced that it would sell a portion of its Eagle Ford acreage to an undisclosed buyer. Today, EP Energy Corporation (ticker: EPE) disclosed that it was the buyer, acquiring certain producing properties and undeveloped acreage from existing Eagle Ford operating areas, primarily in LaSalle County, South Texas. EP Energy acquisition
Carrizo Oil & Gas, Inc. (ticker: CRZO) announced today that it entered into an agreement to divest a portion of its assets in the Eagle Ford shale for $245 million in cash. The divested assets include approximately 24,500 net acres, located primarily in the downdip area of the volatile oil window, and had associated net production during the third quarter
On November 7, 2017 Carrizo Oil and Gas, Inc. (ticker: CRZO) announced the company’s financial results for Q3 and provided an update on current operations. Carrizo reported third quarter of 2017 net income attributable to common shareholders of $5.6 million, or $0.07 per basic and diluted share, compared to a net loss attributable to common shareholders of $101.2 million, or $1.72 per basic and diluted share
Eagle Ford and Permian producer Carrizo Oil & Gas, Inc. (ticker: CRZO) reiterated that its operations in the Eagle Ford shale sustained no damage as a result of Hurricane Harvey, and drilling and completion operations returned to normal within a week. A temporary reduction in sales volumes did occur as a result of downtime at third-party midstream facilities and Gulf Coast refineries, but production and sales
Carrizo Oil & Gas Breakout Notes S.P. “Chip” Johnson, CEO of Carrizo Oil & Gas Inc., (ticker: CRZO) presented today at EnerCom’s The Oil & Gas Conference® 22. Carrizo Oil & Gas produces out of its Eagle Ford, Delaware, and Niobrara assets. The company acquired Delaware acreage in 2017, in which it is adding new wells. Carrizo is also developing
Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of
Carrizo Oil & Gas (ticker: CRZO) sports over 160,000 net acres across the Eagle Ford, Delaware basin, and Niobrara—with an inventory of over 2,000 net horizontal drilling locations. The company also has non-core assets in the Marcellus and Utica formations. The majority of the company’s acreage is in the Eagle Ford at approximately 103,300 net acres with over 1,200 net
