Carrizo Oil & Gas Company News
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Shareholders Approve Callon-Carrizo Merger
Friday, December 20, 2019After a delayed vote, both Callon Petroleum Company and Carrizo Oil & Gas, Inc. shareholders voted to approve the companies' all-stock merger Friday morning.
Paulson No Longer Opposes Callon-Carrizo Deal
Monday, November 18, 2019Hedge fund Paulson & Co. Inc. is dropping its opposition to U.S. shale producer Callon Petroleum Company's buyout of rival Permian player Carrizo Oil & Gas.
Callon, Carrizo Amend Acquisition Deal Amid Shareholder Opposition
Thursday, November 14, 2019Following months of opposition from one of its largest shareholders, Callon Petroleum Company has lowered its acquisition offer for rival Permian player Carrizo Oil & Gas, Inc.
Paulson Blasts Exec Pay in Callon-Carrizo Permian Deal
Tuesday, October 22, 2019Paulson & Co. reiterated its opposition to Callon Petroleum's planned takeover of rival Permian Basin crude producer Carrizo Oil & Gas, this time targeting management compensation.
Paulson Says Callon Should Walk Away from Carrizo Purchase
Monday, September 09, 2019Paulson & Co. has come out against Callon Petroleum Co.'s $1.2 billion deal to buy Carrizo Oil & Gas Inc., arguing the Permian Basin energy explorer should walk away from the deal and put itself up for sale.
Is the US Shale Boom Winding Down?
Tuesday, August 06, 2019US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.
Callon Acquires Carrizo in $3.2B All-Stock Deal
Monday, July 15, 2019U.S. independent Callon Petroleum Company will acquire Houston-based Carrizo Oil & Gas, Inc. in an all-stock transaction valued at $3.2 billion.
Carrizo, SM Energy in Talks to Team Up
Monday, March 18, 2019The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs.
Carrizo O&G Tags $500M for 2013 Capex
Tuesday, January 15, 2013Carrizo Oil & Gas, Inc. announces that the Carrizo Board of Directors approved a 2013 drilling and completion program of $500 million.
India State Cos Acquire 30% Stake in Carrizo's Shale Asset
Thursday, October 04, 2012Oil India Ltd. and Indian Oil Corp. said they will acquire a 30% stake in Carrizo's Niobrara shale oil acreage in Colorado, gaining entry to America's booming shale industry.
Carrizo Sells Portion of Barnett Shale Assets for $190M
Friday, March 16, 2012Carrizo Oil & Gas enters into a definitive agreement to sell a portion of its properties in the Barnett Shale to a subsidiary of Atlas Resource Partners for $190 million in cash.
Carrizo Exceeds 5,000 Net BOPD Goal in Eagle Ford
Wednesday, December 28, 2011Carrizo Oil & Gas achieves and exceeds the company's stated objective of reaching 5,000 net barrels of oil production per day before the end of 2011.
Carrizo O&G Prices Senior Notes
Monday, November 14, 2011Carrizo O&G has priced a private offering of $200 million aggregate principal amount of its senior unsecured notes due 2018.
Carrizo, Avista Team Up in Utica JV
Friday, September 30, 2011Carrizo and Avista Capital Partners have entered into a joint venture to acquire and develop acreage in the liquids rich region of the Utica Shale.
GAIL India Enters US Shale Play with First Asset Buy
Thursday, September 29, 2011Carrizo announced the closing of an unincorporated joint venture with GAIL (India), marking its first asset purchase in US shale.
Carrizo Reports Record Production for 2Q11
Tuesday, August 09, 2011Production volumes during the 3 months ended June 30, 2011 were a record 11.2 Bcfe, an increase of 20% from 2Q10 production and an increase of 5% from 1Q11 production, according to Carrizo.
Carrizo Adds Eagle Ford Acreage
Monday, June 06, 2011Carrizo has recently entered into firm agreements to acquire over 13,000 net acres of Eagle Ford Shale mineral interests, bringing its total net Eagle Ford land position to approximately 33,000 acres.
KKR to Buy Barnett Shale Properties from Carrizo
Wednesday, April 27, 2011KKR has entered into a definitive agreement to acquire certain Barnett Shale properties from Carrizo O&G for $104 million.
Carrizo O&G Bumps Reserve Growth by 40% in 2010
Thursday, February 24, 2011Carrizo O&G announced estimated 2010 production and year-end proved reserves and updates its results from operations.
Carrizo O&G Finalizes Credit Facility, Finance Agreement for Huntington
Tuesday, February 01, 2011Carrizo O&G announced the closing of a secured revolving credit facility. It also completed a financing arrangement for its share of the North Sea Huntington development by entering into a limited recourse project financing agreement deal.
Carrizo O&G Updates Ops in Niobrara Formation
Wednesday, January 05, 2011Carrizo O&G provided the following update on its operations.
Carrizo's Eagle Ford Well Begins Flow-back
Tuesday, November 30, 2010Carrizo O&G provided an operational update on the Company's activities in the Eagle Ford Shale and Niobrara Formation.
Carrizo O&G Posts Results for Senior Notes' Cash Tender Offer
Wednesday, November 24, 2010Carrizo O&G announced the results of its tender offer for up to $300,000,000 aggregate principal amount of its outstanding 4.375% Convertible Senior Notes due 2028.
Carrizo O&G Drills, Cases 3 Eagle Ford HZ Wells in 3Q10
Wednesday, September 29, 2010Carrizo O&G provided an operations update. During the third quarter, the company drilled and cased three Eagle Ford Shale horizontal wells and is currently drilling the horizontal leg in a fourth.
Reliance to Buy 3rd Stake in Marcellus Shale
Thursday, August 05, 2010Reliance will enter a JV with Carrizo to acquire 60% interest in Marcellus Shale acreage in Central and Northeast Pennsylvania.
Carrizo O&G Ramps Up Production to 9.3 Bcfe
Thursday, August 05, 2010Production volumes during the three months ended June 30, 2010 were a record 9.3 Bcfe, an increase of 1.4 Bcfe, or 18%, from second quarter 2009 production of 7.9 Bcfe.
Carrizo O&G Briefs 1Q10 Results
Thursday, May 06, 2010Carrizo O&G reported financial results for the first quarter of 2010.
Carrizo O&G Prices Upsized Common Stock
Friday, April 09, 2010Carrizo O&G has priced an upsized underwritten public offering of 2,800,000 shares of its common stock.
Carrizo to Ramp Up Oil & Liquids Production by 2011
Friday, April 09, 2010Carrizo O&G is attempting to increase significantly the level of its crude oil and liquids production and reserves by as early as the first quarter of 2011.
Carrizo O&G: 2009 Exceeded Expectations
Wednesday, March 10, 2010Carrizo's President and Chief Executive Officer, commented, "Given the difficult industry and economic conditions throughout the year, 2009 exceeded our modest expectations for reserve and production growth."
Carrizo Cites Record '09 Reserves & Production
Wednesday, March 03, 2010Carrizo Oil & Gas announced record year-end proved reserves and record production for the fourth quarter and full year 2009.
Carrizo Boasts Record Production, Updates Guidance
Thursday, February 11, 2010Carrizo Oil & Gas' total production for the fourth quarter of 2009 was a better than expected 8.7 Bcfe or an average of 94.4 MMcfe/day, representing the highest quarterly rate in the company's history.
Carrizo Forms Strategic JV with Sumitomo in Barnett Shale
Tuesday, December 15, 2009Carrizo Oil & Gas announced the sale of an interest in a portion of its core Barnett Shale acreage to a subsidiary of Sumitomo Corporation for $15.7 million. Sumitomo has the right to participate in up to 56 future wells within these units.
Carrizo's Borrowing Base Increased to $350MM
Monday, December 14, 2009Carrizo announced that its banking syndicate has agreed to increase the commitments under its credit facility to $350 million from $284 million, representing an increase of $66 million.
Carrizo Oil & Gas Posts Third Quarter '09 Financial Results
Monday, November 09, 2009Carrizo Oil & Gas has reported the Company's financial results for the third quarter and nine months ended September 30, 2009.
Carrizo Oil & Gas Posts Second Quarter 2009 Results
Monday, August 10, 2009"Due to the large difference between current and forecasted 2010 gas prices, we continue to hold a large backlog of uncompleted Barnett Shale wells," noted Carrizo O&G's CEO, S.P. "Chip" Johnson IV, in the company's quarterly financial results.
Carrizo O&G Sees Record Production in Q1 2009
Monday, May 11, 2009Carrizo Oil & Gas' production volumes during the three months ended March 31, 2009 were a record 8.26 Bcfe, 30% higher than the first quarter of 2008 and 14% higher than fourth quarter 2008.
Carrizo Oil & Gas Announces Increase in Borrowing Base to $290MM
Monday, May 04, 2009Carrizo Oil & Gas announced that its bank syndicate approved a $40 million borrowing base increase to its secured credit facility, raising it to $290 million.
Carrizo Oil & Gas Amends Financial Covenants in Secured Credit Facility
Wednesday, April 22, 2009Carrizo Oil & Gas has significantly improved its financial flexibility through an amendment to the financial covenants in its secured credit facility.
Carrizo Increases Credit Facility Commitments by $27.5MM to $250MM
Thursday, December 18, 2008Carrizo announced the addition of the Union Bank of California, N.A. to its banking syndicate and the increase of commitments under its credit facility to $250 million from $222.5 million.
Carrizo, Avista Form JV in Marcellus Shale
Tuesday, November 04, 2008Carrizo Oil & Gas and Avista Capital Partners have entered into a joint venture to pursue growth opportunities in the Marcellus Shale.
Oilexco Enters LOI with Bluewater to Deploy FPSO at North Sea's Huntington
Wednesday, August 27, 2008Oilexco, the Operator of the Huntington field in the UK, has entered into a letter of intent with Bluewater for deployment of the FPSO Glas Dowr at the Huntington field in the North Sea.
Carrizo to Reach Record Production for 2008
Thursday, July 10, 2008Carrizo Oil & Gas, Inc. announced current production and also estimated record production for the first half of 2008.
Carrizo Oil & Gas, Inc. Announces Public Offering
Wednesday, May 21, 2008Carrizo Oil & Gas has commenced an underwritten public offering, subject to market and other conditions, of approximately $275 million in aggregate principal amount of convertible senior notes due 2028 under its existing shelf registration statement.
Carrizo Prices Public Offering of Common Stock
Thursday, February 14, 2008Carrizo Oil & Gas has priced an underwritten public offering of 2,250,000 shares of its common stock (or 8% of total shares outstanding) under an effective shelf registration statement at a price to the public of $54.50 per share.
Tests Positive for Huntington, Oilexco Moves for Fast-Track Development
Monday, February 11, 2008Results suggest a minimum 452-foot oil column is present in the Huntington Fulmar oil accumulation. Tests also indicate that oil accumulations at Mallory and Huntington are possibly common.
Carrizo Oil & Gas Approves $300 Million 2008 Capital Budget
Monday, February 11, 2008Approximately 83% of its 2008 budgeted capital expenditures are expected to be used for drilling activities.
Carrizo to Offer 1.9 Million Shares
Monday, February 11, 2008Carrizo Oil & Gas, Inc. has commenced an underwritten public offering of 1,900,000 shares of its common stock under an effective shelf registration statement.
Carrizo Scores a Record 347.6 Bcfe in Year-End Proved Reserves
Monday, February 11, 2008Year-end proved reserves for Carrizo Oil & Gas were a record 347.6 Bcfe based on reports from Carrizo's third-party reserve engineers. This is an increase of approximately 66 percent over the year-end 2006 proved reserves.
Carrizo's Barnett Shale Production Up 135%
Thursday, January 03, 2008Carrizo Oil & Gas, Inc. announced that its four New Dawn horizontal Barnett Shale wells located in SE Tarrant Co., Tx. have finished fracture stimulation and begun sales at a combined 17.0 MMCF/D gross (12.75 MMCF/D net).