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Carrizo Oil & Gas Inc (CRZO.O)

CRZO.O on Nasdaq

15.71USD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Carrizo Oil & Gas will sell its Utica Shale assets
Tuesday, 5 Sep 2017 06:30am EDT 

Sept 5 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas provides update on operations following Hurricane Harvey and announces the sale of its Utica Shale assets.Carrizo Oil & Gas Inc - ‍Carrizo's producing assets and facilities in Eagle Ford Shale sustained no damage as a result of Hurricane Harvey​.Carrizo Oil & Gas Inc - ‍all of company's operated Eagle Ford rigs and frac crews have resumed operations​.Carrizo Oil & Gas-‍in preparation for storm, suspended its drilling and completions operations in play, but crews were able to return to field last week​.Carrizo Oil & Gas Inc - as a result of downtime at third party midstream facilities and gulf coast refineries, sales volumes were temporarily reduced.Carrizo Oil & Gas - expects to be able to ramp back to nearly full sales capacity in play this week.Carrizo Oil & Gas-‍on Aug 31, entered deal to sell substantially all of assets in Utica Shale,located primarily in Guernsey County, for $62 million in cash​.Carrizo Oil & Gas - regarding Utica Shale divestiture, could receive contingent payments up to $15 million in aggregate.  Full Article

Carrizo Oil & Gas director Steven Webster reports open market purchase of 75,000 shares of co's common stock between Aug 28 and Aug 29 - SEC filing‍​
Wednesday, 30 Aug 2017 05:33pm EDT 

Aug 30 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas director Steven Webster reports open market purchase of 75,000 shares of co's common stock between Aug 28 and Aug 29 - SEC filing‍​.  Full Article

Omega Advisors Inc dissolves share stake in Alcoa, Humana
Monday, 14 Aug 2017 10:38am EDT 

Aug 14 (Reuters) - Omega Advisors Inc :Omega Advisors Inc dissolves share stake in Alcoa Corp- SEC Filing‍​.‍Omega Advisors Inc dissolves share stake in Humana Inc ​.‍Omega Advisors Inc dissolves share stake in Tesaro Inc ​.‍Omega Advisors Inc takes share stake of 150,000 shares in Carrizo Oil & Gas Inc.‍Omega Advisors Inc - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017​.  Full Article

Carrizo Oil & Gas reports Q2 earnings per share $0.85
Tuesday, 8 Aug 2017 06:30am EDT 

Aug 8 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas announces second quarter results.Q2 adjusted non-GAAP earnings per share $0.30 excluding items.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.85.Carrizo Oil & Gas Inc - production volumes during q2 of 2017 were 4,643 mboe, or 51,019 boe/d, an increase of 23% versus q2 of 2016.Qtrly total revenue $166.5 million versus $107.3 million.Qtrly total production of 51,019 boe/d, 23% above q2 of 2016.Carrizo Oil & Gas Inc - carrizo currently has hedges in place for more than 25% of estimated crude oil production for remainder of 2017.Carrizo Oil & Gas Inc - for balance of year, co has swaps covering about 10,500 bbls/d of crude oil at average fixed price of approximately $53.77/bbl.Carrizo Oil & Gas Inc - carrizo also has hedges in place for more than 20% of estimated natural gas production for remainder of 2017.Carrizo Oil & Gas Inc - for balance of year, company has swaps covering 20,000 mmbtu/d of natural gas at an average fixed price of $3.30/mmbtu.  Full Article

Carrizo Oil & Gas prices public offering of 15.6 mln common shares
Wednesday, 28 Jun 2017 09:26pm EDT 

June 28 (Reuters) - Carrizo Oil & Gas Inc :Prices public offering of common stock.Says public offering of 15.6 million common shares priced at $14.60 per share.  Full Article

Carrizo Oil & Gas announces offering 15.6 million common shares
Wednesday, 28 Jun 2017 04:13pm EDT 

June 28 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas announces public offering of common stock.Says offering 15.6 million common shares.Carrizo Oil & Gas - to use proceeds from offering to fund a portion of purchase price for approximately 16,488 net acres located in delaware basin.  Full Article

Carrizo Oil & Gas announces offering of $250 million of senior notes due 2025
Wednesday, 28 Jun 2017 04:12pm EDT 

June 28 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas announces offering of $250 million of senior notes due 2025.Carrizo Oil & Gas - intends to use net proceeds for pending acquisition, including to fund future potential acquisitions or a portion of its 2017 and 2018 capital expenditure plans.Carrizo Oil & Gas - pending closing of pending acquisition, co intends to use net proceeds from offering to reduce borrowings under revolving credit facility.  Full Article

Carrizo Oil & Gas Inc announces Delaware basin acquisition for ‍$648 mln
Wednesday, 28 Jun 2017 04:02pm EDT 

June 28 (Reuters) - Carrizo Oil & Gas Inc :Carrizo Oil & Gas announces Delaware basin acquisition and provides operational update.Carrizo Oil & Gas Inc - providing an update to its q2 and full-year 2017 production guidance..Carrizo Oil & Gas Inc - deal for ‍$648 million in cash​.Carrizo Oil & Gas Inc - acquisition is expected to be accretive on earnings, cash flow, and net asset value metrics.Carrizo Oil & Gas Inc - ‍carrizo has agreed to issue $250 million of newly-created redeemable preferred stock to funds managed by gso capital partners lp​.Carrizo Oil & Gas - to finance deal through potential capital markets transactions, which may include equity or debt offerings, and preferred stock offering.Expects Q2 production to exceed high-end of its previously-provided guidance range.Carrizo oil & gas inc - deal increases company's acreage position in delaware basin to more than 42,500 net acres on a pro forma basis.Carrizo oil & gas inc - assets in deal comprised of 23,656 gross (16,488 net) acres located in core of delaware basin in reeves and ward counties, texas.Is increasing its crude oil production guidance for q2 of 2017 to 33,600-33,700 bbls/d.Carrizo oil & gas inc says for natural gas and ngls, carrizo is adjusting its q2 guidance range to 71-73 mmcf/d and 4,700-4,800 bbls/d.Increasing its 2017 total production guidance to 54,933-56,100 boe/d from 49,533-50,700 boe/d previously.  Full Article

Carrizo Oil & Gas reports Q1 earnings per share $0.61
Tuesday, 9 May 2017 06:30am EDT 

May 9 (Reuters) - Carrizo Oil & Gas Inc : :Carrizo Oil & Gas announces first quarter results and increases 2017 production guidance.Q1 adjusted non-GAAP earnings per share $0.18 excluding items.Q1 earnings per share $0.61.Sees Q1 2017 earnings per share $0.61.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Carrizo Oil & Gas Inc - qtrly crude oil production of 28,844 bbls/d, 12pct above Q1 of 2016.Carrizo Oil & Gas Inc - qtrly total production of 46,367 boe/d, 10pct above Q1 of 2016.Carrizo Oil & Gas Inc - increasing its 2017 oil production guidance to 32,400-32,700 bbls/d from 31,400-31,900 bbls/d previously.Carrizo Oil & Gas Inc - using midpoint of this range, company's 2017 oil production growth guidance increases to 26pct from 23pct previously.Carrizo Oil & Gas - for q2 2017, co sees oil production 31,800-32,200 bbls/d, and natural gas & NGL production 67-71 mmcf/d & 4,800-5,000 bbls/d, respectively.Carrizo Oil & Gas Inc - qtrly total revenue $151.355 million versus $81.262 million.Carrizo Oil & Gas Inc - currently has hedges in place for more than 30pct of estimated crude oil production for remainder of 2017.  Full Article

Carrizo Oil & Gas sees 2017 capital program of $560 mln
Tuesday, 28 Mar 2017 12:41pm EDT 

Carrizo Oil & Gas Inc : Carrizo Oil & Gas Inc sees 2017 capital program of $560 million .Sees Q1 2017 crude oil production volumes of 27,700 Bbls/d - 28,100 Bbls/d.  Full Article

BRIEF-Carrizo Oil & Gas will sell its Utica Shale assets

* Carrizo Oil & Gas provides update on operations following Hurricane Harvey and announces the sale of its Utica Shale assets