Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 6
Company Snapshot 7
Company Overview 7
Key Information 7
Financial Performance 7
Carrizo Oil & Gas, Inc. , Exploration and Production Summary 8
Carrizo Oil & Gas, Inc. , Active Exploration Blocks, by Country, 2002-2011 8
Carrizo Oil & Gas, Inc., Crude Oil Production, by Country, 2002-2011 9
Carrizo Oil & Gas, Inc., Natural Gas Production, by Country, 2002-2011 10
Carrizo Oil & Gas, Inc., Crude Oil and Natural Gas Production By Fields 11
Carrizo Oil & Gas, Inc., Crude Oil Production 11
Carrizo Oil & Gas, Inc., Crude Oil Production in Texas, By Fields 11
Carrizo Oil & Gas, Inc., Crude Oil Production in Alabama, By Fields 13
Carrizo Oil & Gas, Inc., Natural Gas Production 14
Carrizo Oil & Gas, Inc., Natural Gas Production in Texas, By Fields 14
Carrizo Oil & Gas, Inc., Natural Gas Production in Alabama, By Fields 16
Carrizo Oil & Gas, Inc.’s Exploration Blocks Details 17
22/14b ALL’s Exploration Details 17
Carrizo Oil & Gas, Inc.’s News Details, 22/14b ALL 17
Carrizo Oil & Gas, Inc.’s Deals Details, 22/14b ALL 20
22/19b ALL’s Exploration Details 21
Carrizo Oil & Gas, Inc.’s News Details, 22/19b ALL 21
Carrizo Oil & Gas, Inc.’s Deals Details, 22/19b ALL 24
22/13b ALL’s Exploration Details 25
Carrizo Oil & Gas, Inc.’s Deals Details, 22/13b ALL 25
20/7 ALL’s Exploration Details 26
Carrizo Oil & Gas, Inc.’s News Details, 20/7 ALL 26
Brazoria(MF107882)’s Exploration Details 27
Brazoria(MF107880)’s Exploration Details 27
22/18b ALL(P1801)’s Exploration Details 28
22/8a ALL(P1797)’s Exploration Details 28
Carrizo Oil & Gas, Inc.’s Field Details 29
NEWARK, EAST (BARNETT SHALE) (CARRIZO OIL & GAS, INC.)’s Field Details 29
Carrizo Oil & Gas, Inc.’s News Details, NEWARK, EAST (BARNETT SHALE) (CARRIZO OIL & GAS, INC.) 29
Huntington’s Field Details 30
Carrizo Oil & Gas, Inc.’s News Details, Huntington 31
HILLJE (FRIO 5998)(CARRIZO OIL & GAS, INC.)’s Field Details 43
MOSS BLUFF, NORTH(CARRIZO OIL & GAS, INC.)’s Field Details 44
B-43 (Carrizo Oil & Gas, Inc.)’s Field Details 44
Camp Hill(Carrizo Oil & Gas, Inc.)’s Field Details 45
Carrizo Oil & Gas, Inc.’s News Details, Camp Hill(Carrizo Oil & Gas, Inc.) 45
Monterey’s Field Details 46
HULL, SOUTH (YEGUA, MIDDLE)(CARRIZO OIL & GAS, INC.)’s Field Details 46
FAITH-MAG (TEX MISS 2)(CARRIZO OIL & GAS, INC.)’s Field Details 47
MUD FLATS (9000)(CARRIZO OIL & GAS, INC.)’s Field Details 47
YTURRIA, NE. (5000 SAND)(CARRIZO OIL & GAS, INC.)’s Field Details 48
MOSS BLUFF, NORTH (YEGUA EY-4)(CARRIZO OIL & GAS, INC.)’s Field Details 48
LOPEZ, SE. (CONSOLIDATED)(CARRIZO OIL & GAS, INC.)’s Field Details 49
RAYWOOD (COOK MTN. 11200)(CARRIZO OIL & GAS, INC.)’s Field Details 49
RANKIN (COOK MTN. IV)(CARRIZO OIL & GAS, INC.)’s Field Details 50
PROVEDENCE (FRIO)(CARRIZO OIL & GAS, INC.)’s Field Details 50
West Chitterling Creek(Carrizo Oil and Gas, Inc.)’s Field Details 51
COPANO BAY, S. (FB-A, M-2)(CARRIZO OIL & GAS, INC.)’s Field Details 51
HITTS LAKE (RODESSA)(CARRIZO OIL & GAS, INC.)’s Field Details 52
H.H.H. (9300)(CARRIZO OIL & GAS, INC.)’s Field Details 52
MAKENZIE (WILCOX)(CARRIZO OIL & GAS, INC.)’s Field Details 53
Key Employees 54
Key Employee Biographies 55
Carrizo Oil & Gas, Inc. - Major Products and Services 56
History 57
Company Statement 59
Locations And Subsidiaries 62
Head Office 62
Other Locations & Subsidiaries 62
Business Description 64
Business Overview 64
SWOT Analysis 65
Overview 65
Carrizo Oil & Gas, Inc. Strengths 65
Significant Upstream Assets 65
Improved Production and Reserve Base 65
Improved Production and Reserve Base 66
Carrizo Oil & Gas, Inc. Weaknesses 66
Substantial Debt 66
Trade Receivables 66
Carrizo Oil & Gas, Inc. Opportunities 66
Joint Venture Agreements 66
Significant Growth in the US Shale Gas Market 66
Capital Expenditure Plan. 67
Carrizo Oil & Gas, Inc. Threats 67
Water Contamination Concerns 67
Fluctuations in Crude Oil and Natural Gas Prices 67
Intense Competition 67
Carrizo Oil & Gas, Inc. - Key Competitors 68
Recent Developments 69
May 08, 2012: Carrizo Oil & Gas Provides Q1 2012 Production Update 69
May 08, 2012: Carrizo Oil & Gas Reports Revenue Of $80.7m In Q1 2012 69
Feb 28, 2012: Carrizo Oil & Gas Reports Revenue Of $202.2m In 2011 70
Feb 22, 2012: Carrizo Oil & Gas Provides Operations Update 73
Feb 21, 2012: Carrizo Oil & Gas Provides Update On Its 2011 Proved Reserves, 2012 Capital Expenditures And Production Guidance 73
Dec 28, 2011: Carrizo Oil & Gas Announces Achievement Of Oil Production Goal 75
Feb 24, 2011: Carrizo Oil & Gas Provides 2010 Reserves Update 76
Feb 24, 2011: Carrizo Oil & Gas Provides Operations Update 77
Feb 01, 2011: Carrizo Oil & Gas Completes New Credit Facility 77
Jan 05, 2011: Carrizo Oil & Gas Provides Operations Update 78
Appendix 79
Market Definitions 79
Oil Storage Terminals 79
Oil and Gas Pipelines 79
Refinery 79
Methodology 80
Coverage 80
Secondary Research 80
Primary Research 80
Expert Panel Validation 80
Contact Us 81
Disclaimer 81
List of Tables
Carrizo Oil & Gas, Inc., Key Facts 7
Carrizo Oil & Gas, Inc., Number of Exploration Blocks, by Country, 2002-2011 8
Carrizo Oil & Gas, Inc., Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 9
Carrizo Oil & Gas, Inc., Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 10
Carrizo Oil & Gas, Inc., Crude Oil Production (BBls) By Fields in Texas, 2002-2011 11
Carrizo Oil & Gas, Inc., Crude Oil Production (BBls) By Fields in Alabama, 2002-2011 13
Carrizo Oil & Gas, Inc., Natural Gas Production (MMcf), By Fields in Texas, 2002-2011 14
Carrizo Oil & Gas, Inc., Natural Gas Production (MMcf), By Fields in Alabama, 2002-2011 16
Carrizo Oil & Gas, Inc.’s Asset Details, 22/14b ALL 17
Premier Oil Reports Profit After Tax Of $129.8m In 2010 17
Noreco Secures DECC Approval For Huntington Field Development 18
Carrizo Updates On Huntington Discovery 18
Altinex Spuds Appraisal Well At Huntington Discovery 18
Altinex Reports On Huntington Drill Stem Test 18
Oilexco To Drill Stem Test On Huntington Prospect 19
Oilexco Discovers Multiple Zone Light Oil At Block 22/14b In UK Central North Sea 20
Premier Oil Completes Acquisition Of Oilexco North Sea 20
Black Rock Oil Acquires 15% Interest In Seven Blocks In North Sea From Carrizo Oil & Gas 20
Carrizo Oil & Gas, Inc.’s Asset Details, 22/19b ALL 21
Premier Oil Reports Profit After Tax Of $129.8m In 2010 21
Noreco Reports 3Q 2008 Results 22
Premier Oil Completes Acquisition Of Oilexco North Sea 24
Black Rock Oil Acquires 15% Interest In Seven Blocks In North Sea From Carrizo Oil & Gas 24
Carrizo Oil & Gas, Inc.’s Asset Details, 22/13b ALL 25
Premier Oil Completes Acquisition Of Oilexco North Sea 25
Black Rock Oil Acquires 15% Interest In Seven Blocks In North Sea From Carrizo Oil & Gas 25
Carrizo Oil & Gas, Inc.’s Asset Details, 20/7 ALL 26
Agora Oil & Gas To Drill Nine Wells In February 2012 26
Carrizo Oil & Gas, Inc.’s Asset Details, Brazoria(MF107882) 27
Carrizo Oil & Gas, Inc.’s Asset Details, Brazoria(MF107880) 27
Carrizo Oil & Gas, Inc.’s Asset Details, 22/18b ALL(P1801) 28
Carrizo Oil & Gas, Inc.’s Asset Details, 22/8a ALL(P1797) 28
Carrizo Oil & Gas, Inc.’s Asset Details,NEWARK, EAST (BARNETT SHALE) (CARRIZO OIL & GAS, INC.) 29
Carrizo Oil & Gas Provides Q3 2010 Production Update 29
Carrizo Oil & Gas Provides Q1 2010 Production Update 29
Carrizo Provides Operations Update 30
Carrizo Oil & Gas, Inc.’s Asset Details,Huntington 30
Premier Oil Provides Operations Update 31
Premier Oil Provides Operations Update 33
E.ON Ruhrgas Signs NOK18m Contract With AGR Drilling Services For RMR Technology 35
Subsea 7 Receives Engineering And Installation Contract From E.ON Ruhrgas 35
Expro Secures Well Testing Contract From EON Ruhrgas 36
Noreco Announces 300% Increase In 2P Reserves For 2010 36
Noreco Secures DECC Approval For Huntington Field Development 36
Xodus Secures Feed Study For Huntington Field In UK 36
Premier Oil Provides Operations Update 37
Noreco Appoints E.ON As New Operator Of UK's Huntington License 39
Noreco To Tap First Oil At UK’s Huntington Discovery In 2010 39
Noreco Completes First Phase Of Huntington Discovery 39
Carrizo Updates On Huntington Discovery 40
Altinex Spuds Appraisal Well At Huntington Discovery 40
Altinex Reports On Huntington Drill Stem Test 40
Altinex Tests Oil At Huntington From Fulmar Sands 41
Oilexco To Drill Stem Test On Huntington Prospect 41
Oilexco Discovers Multiple Zone Light Oil At Block 22/14b In UK Central North Sea 42
Altinex Reports Two Oil Discoveries At Huntington 42
Carrizo Oil & Gas, Inc.’s Asset Details,HILLJE (FRIO 5998)(CARRIZO OIL & GAS, INC.) 43
Carrizo Oil & Gas, Inc.’s Asset Details,MOSS BLUFF, NORTH(CARRIZO OIL & GAS, INC.) 44
Carrizo Oil & Gas, Inc.’s Asset Details,B-43 (Carrizo Oil & Gas, Inc.) 44
Carrizo Oil & Gas, Inc.’s Asset Details,Camp Hill(Carrizo Oil & Gas, Inc.) 45
Carrizo Oil & Gas Announces 20% Increase In Proved Reserves 45
Carrizo Oil & Gas, Inc.’s Asset Details,Monterey 46
Carrizo Oil & Gas, Inc.’s Asset Details,HULL, SOUTH (YEGUA, MIDDLE)(CARRIZO OIL & GAS, INC.) 46
Carrizo Oil & Gas, Inc.’s Asset Details,FAITH-MAG (TEX MISS 2)(CARRIZO OIL & GAS, INC.) 47
Carrizo Oil & Gas, Inc.’s Asset Details,MUD FLATS (9000)(CARRIZO OIL & GAS, INC.) 47
Carrizo Oil & Gas, Inc.’s Asset Details,YTURRIA, NE. (5000 SAND)(CARRIZO OIL & GAS, INC.) 48
Carrizo Oil & Gas, Inc.’s Asset Details,MOSS BLUFF, NORTH (YEGUA EY-4)(CARRIZO OIL & GAS, INC.) 48
Carrizo Oil & Gas, Inc.’s Asset Details,LOPEZ, SE. (CONSOLIDATED)(CARRIZO OIL & GAS, INC.) 49
Carrizo Oil & Gas, Inc.’s Asset Details,RAYWOOD (COOK MTN. 11200)(CARRIZO OIL & GAS, INC.) 49
Carrizo Oil & Gas, Inc.’s Asset Details,RANKIN (COOK MTN. IV)(CARRIZO OIL & GAS, INC.) 50
Carrizo Oil & Gas, Inc.’s Asset Details,PROVEDENCE (FRIO)(CARRIZO OIL & GAS, INC.) 50
Carrizo Oil & Gas, Inc.’s Asset Details,West Chitterling Creek(Carrizo Oil and Gas, Inc.) 51
Carrizo Oil & Gas, Inc.’s Asset Details,COPANO BAY, S. (FB-A, M-2)(CARRIZO OIL & GAS, INC.) 51
Carrizo Oil & Gas, Inc.’s Asset Details,HITTS LAKE (RODESSA)(CARRIZO OIL & GAS, INC.) 52
Carrizo Oil & Gas, Inc.’s Asset Details,H.H.H. (9300)(CARRIZO OIL & GAS, INC.) 52
Carrizo Oil & Gas, Inc.’s Asset Details,MAKENZIE (WILCOX)(CARRIZO OIL & GAS, INC.) 53
Carrizo Oil & Gas, Inc., Key Employees, 54
Carrizo Oil & Gas, Inc., Major Products and Services 56
Carrizo Oil & Gas, Inc., Other Locations 62
Carrizo Oil & Gas, Inc., Subsidiaries 62
Carrizo Oil & Gas, Inc., SWOT Analysis 65
Carrizo Oil & Gas, Inc., Key Competitors 68
List of Figures
Carrizo Oil & Gas, Inc., Number of Exploration Blocks, by Country, 2002-2011 8
Carrizo Oil & Gas, Inc., Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 9
Carrizo Oil & Gas, Inc., Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 10
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