Carrizo Oil & Gas Says Year-End 2003 Proved Reserves Up 11%

Carrizo Oil & Gas, Inc. reports that 2003 year-end proved reserves were a record 70.4 Bcfe based on reports from its third-party reserve engineers. This is an increase of eleven percent over the year-end 2002 proved reserves of 63.2 Bcfe. Proved developed reserves at year-end 2003 increased 20.2 percent versus year-end 2002 to 25.5 Bcfe and proved undeveloped reserves increased 6.8 percent to 44.9 Bcfe. These additions resulted in the Company replacing 196 percent of 2003 production.

Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours