Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Carrizo Oil & Gas Inc, Valuation and Financial Data 8
Carrizo Oil & Gas Inc, Share Price Performance 8
Share Price Performance, Q4, 2016-Q4, 2017 8
Carrizo Oil & Gas Inc, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Carrizo Oil & Gas Inc, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2016-Q4, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2016-Q4, 2017 11
Carrizo Oil & Gas Inc, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Carrizo Oil & Gas Inc, Quarterly Production Trends 13
Carrizo Oil & Gas Inc, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 15
Carrizo Oil & Gas Inc, Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 16
Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 17
Carrizo Oil & Gas Inc, Natural Gas Production 18
Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 18
Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 19
Carrizo Oil & Gas Inc, Valuation and Financial Data, 2013-2017 20
Carrizo Oil & Gas Inc, Share Price Performance, 2013-2017 20
Share Price Performance, 2013-2017 20
Key Valuation Metrics, 2013-2017 22
Carrizo Oil & Gas Inc, Production and Reserves Trends 23
Total Oil and Gas, Reserves and Production 23
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 23
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 25
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 27
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 28
Crude Oil Production and Reserves By Country/Region, 2013-2017 29
Crude Oil/Liquids Reserve Changes, 2013-2017 31
Natural Gas Production and Reserve 32
Natural Gas Production and Reserve Trend, 2013-2017 32
Natural Gas Production and Reserves, By Country/Region, 2013-2017 33
Natural Gas Reserve Changes, 2013-2017 35
Total Crude Oil and Natural Gas Reserves Life Index 36
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 36
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 37
Carrizo Oil & Gas Inc, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2013-2017 39
Acquisition Costs By Country/Region, 2013-2017 41
Exploration and Development Costs, By Country/Region, 2013-2017 43
Oil and Gas Cost Per boe, US$/boe 45
Oil and Gas Cost Per boe, US$/boe, 2013-2017 45
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017 47
Carrizo Oil & Gas Inc, Reserve Replacement Ratio 49
Oil and Gas Production Replacement Ratio 49
Oil and Gas Production Replacement Ratio, 2013-2017 49
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 51
Carrizo Oil & Gas Inc, Results of Oil & Gas Operations Trend 55
Oil and Gas Revenue and Expenses 55
Oil and Gas Revenue and Expenses, 2013-2017 55
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 57
Oil and Gas Revenue and Expenses, Per boe 62
Oil and Gas Revenue and Expenses, By boe, 2013-2017 62
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 63
Oil and Gas Performance Metrics 67
Carrizo Oil & Gas Inc, Land Holdings and Well Data 68
Developed and Undeveloped Acreage 68
Gross and Net Developed and Undeveloped Acreage, 2013-2017 68
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 69
Well Statistics 72
Producible Oil and Gas Well, 2013-2017 72
Producible Oil and Gas Well, By Country/Region, 2013-2017 73
Exploration and Development Wells Drilled, 2013-2017 78
Exploration and Development Wells Drilled, By Country/Region, 2013-2017 80
Recent Developments 81
Carrizo Oil & Gas Inc – Recent Developments 81
May 07, 2018: Carrizo Oil & Gas Announces First Quarter Results 81
Apr 05, 2018: Carrizo Oil & Gas Responds To Kimmeridge 13D Filing 84
Mar 27, 2018: Carrizo Oil & Gas Announces Appointment Of Frances Aldrich Sevilla-Sacasa To Board Of Directors 84
Feb 26, 2018: Carrizo Oil & Gas Announces Fourth Quarter And Year-End Results And Provides 2018 Guidance 85
Nov 07, 2017: Carrizo Oil & Gas Announces Third Quarter Results 89
Oct 05, 2017: Carrizo Oil & Gas Provides Update On Operations And Hedging 92
Sep 05, 2017: Carrizo Oil & Gas Provides Update On Operations Following Hurricane Harvey And Announces Sale Of Its Utica Shale Assets 93
Aug 08, 2017: Carrizo Oil & Gas Announces Second Quarter Results 94
Jun 28, 2017: Carrizo Oil & Gas Announces Delaware Basin Acquisition And Provides Operational Update 97
May 09, 2017: Carrizo Oil & Gas Announces First Quarter Results And Increases 2017 Production Guidance 99
Appendix 103
Methodology 103
Coverage 103
Secondary Research 103
Primary Research 104
Data Information Sources 104
Company Source 104
SEC/Other Regulatory Filings 104
Other Sources 104
Expert Panel Validation 104
Data Definition 104
Oil and Gas Reserves 104
Units of Measure 105
About GlobalData 106
Disclosure 106
Disclaimer 106
Table 1: Carrizo Oil & Gas Inc, Key Facts 7
Table 2: Carrizo Oil & Gas Inc, Share Price Performance, Q4, 2016-Q4, 2017 8
Table 3: Carrizo Oil & Gas Inc, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Table 4: Carrizo Oil & Gas Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Table 5: Carrizo Oil & Gas Inc, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
Table 6: Carrizo Oil & Gas Inc, Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Table 7: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 14
Table 8: Carrizo Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Table 9: Carrizo Oil & Gas Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Table 10: Carrizo Oil & Gas Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Table 11: Carrizo Oil & Gas Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Table 12: Carrizo Oil & Gas Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Table 13: Carrizo Oil & Gas Inc, Share Price Performance, 2013-2017 21
Table 14: Carrizo Oil & Gas Inc, Key Valuation Metrics, 2013-2017 22
Table 15: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 24
Table 16: Carrizo Oil & Gas Inc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 26
Table 17: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
Table 18: Carrizo Oil & Gas Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Table 19: Carrizo Oil & Gas Inc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 30
Table 20: Carrizo Oil & Gas Inc, Crude Oil Reserve Changes, mmbbl, 2013-2017 31
Table 21: Carrizo Oil & Gas Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Table 22: Carrizo Oil & Gas Inc, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 34
Table 23: Carrizo Oil & Gas Inc, Natural Gas Reserve Changes, bcf, 2013-2017 35
Table 24: Carrizo Oil & Gas Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Table 25: Carrizo Oil & Gas Inc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 38
Table 26: Carrizo Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, 2013-2017 40
Table 27: Carrizo Oil & Gas Inc, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 42
Table 28: Carrizo Oil & Gas Inc, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017 44
Table 29: Carrizo Oil & Gas Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 46
Table 30: Carrizo Oil & Gas Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017 48
Table 31: Carrizo Oil & Gas Inc, Oil and Gas Production Replacement Ratio, %, 2013-2017 49
Table 32: Carrizo Oil & Gas Inc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 54
Table 33: Carrizo Oil & Gas Inc, Revenue and Expenses, US$ mil, 2013-2017 56
Table 34: Carrizo Oil & Gas Inc, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 61
Table 35: Carrizo Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 62
Table 36: Carrizo Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 66
Table 37: Carrizo Oil & Gas Inc, Oil and Gas Performance Metrics, 2013-2017 67
Table 38: Carrizo Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68
Table 39: Carrizo Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 71
Table 40: Carrizo Oil & Gas Inc, Producible Oil and Gas Wells, 2013-2017 72
Table 41: Carrizo Oil & Gas Inc, Producible Oil and Gas Wells, By Country/Region, 2013-2017 77
Table 42: Carrizo Oil & Gas Inc, Exploratory and Developed Wells, 2013-2017 79
Table 43: Carrizo Oil & Gas Inc, Exploratory and Developed Wells, By Country/Region, 2013-2017 80
List of Figures
Figure 1: Carrizo Oil & Gas Inc, Share Price Performance, USD/Share, Q4, 2016-Q4, 2017 8
Figure 2: Carrizo Oil & Gas Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017 9
Figure 3: Carrizo Oil & Gas Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Figure 4: Carrizo Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017 12
Figure 5: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 13
Figure 6: Carrizo Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Figure 7: Carrizo Oil & Gas Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Figure 8: Carrizo Oil & Gas Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Figure 9: Carrizo Oil & Gas Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Figure 10: Carrizo Oil & Gas Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Figure 11: Carrizo Oil & Gas Inc, Share Price Performance, USD/Share, 2013-2017 20
Figure 12: Carrizo Oil & Gas Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017 22
Figure 13: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
Figure 14: Carrizo Oil & Gas Inc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 25
Figure 15: Carrizo Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 25
Figure 16: Carrizo Oil & Gas Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 27
Figure 17: Carrizo Oil & Gas Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Figure 18: Carrizo Oil & Gas Inc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 29
Figure 19: Carrizo Oil & Gas Inc, Oil Production, By Country/Region, mmbbl, 2013-2017 29
Figure 20: Carrizo Oil & Gas Inc, Crude Oil Reserve Changes, mmbbl, 2017 31
Figure 21: Carrizo Oil & Gas Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Figure 22: Carrizo Oil & Gas Inc, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 33
Figure 23: Carrizo Oil & Gas Inc, Gas Production, By Country/Region, bcf, 2013-2017 33
Figure 24: Carrizo Oil & Gas Inc, Natural Gas Reserve Changes, bcf, 2017 35
Figure 25: Carrizo Oil & Gas Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Figure 26: Carrizo Oil & Gas Inc, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 27: Carrizo Oil & Gas Inc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 28: Carrizo Oil & Gas Inc, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 38
Figure 29: Carrizo Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, 2013-2017 39
Figure 30: Carrizo Oil & Gas Inc, Proved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Figure 31: Carrizo Oil & Gas Inc, Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Figure 32: Carrizo Oil & Gas Inc, Development Costs, By Country/Region, US$ mil, 2013-2017 43
Figure 33: Carrizo Oil & Gas Inc, Exploration Costs, By Country/Region, US$ mil, 2013-2017 43
Figure 34: Carrizo Oil & Gas Inc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 45
Figure 35: Carrizo Oil & Gas Inc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 47
Figure 36: Carrizo Oil & Gas Inc, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 47
Figure 37: Carrizo Oil & Gas Inc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 48
Figure 38: Carrizo Oil & Gas Inc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 49
Figure 39: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017 51
Figure 40: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017 51
Figure 41: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 52
Figure 42: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 52
Figure 43: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 53
Figure 44: Carrizo Oil & Gas Inc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 53
Figure 45: Carrizo Oil & Gas Inc, Revenue and Expenses, US$ mil, 2013-2017 55
Figure 46: Carrizo Oil & Gas Inc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 57
Figure 47: Carrizo Oil & Gas Inc, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 57
Figure 48: Carrizo Oil & Gas Inc, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 58
Figure 49: Carrizo Oil & Gas Inc, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 58
Figure 50: Carrizo Oil & Gas Inc, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 59
Figure 51: Carrizo Oil & Gas Inc, Production Costs, By Country/Region, US$ mil, 2013-2017 59
Figure 52: Carrizo Oil & Gas Inc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 60
Figure 53: Carrizo Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 62
Figure 55: Carrizo Oil & Gas Inc, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 56: Carrizo Oil & Gas Inc, Annual Net Income per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 57: Carrizo Oil & Gas Inc, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 64
Figure 58: Carrizo Oil & Gas Inc, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 64
Figure 59: Carrizo Oil & Gas Inc, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 65
Figure 60: Carrizo Oil & Gas Inc, Oil and Gas Performance Metrics, 2013-2017 67
Figure 61: Carrizo Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68
Figure 62: Carrizo Oil & Gas Inc, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 69
Figure 63: Carrizo Oil & Gas Inc, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 69
Figure 64: Carrizo Oil & Gas Inc, Total Gross Developed Acreage, By Country/Region, Acres, 2013-2017 70
Figure 65: Carrizo Oil & Gas Inc, Total Net Developed Acreage, By Country/Region, Acres, 2013-2017 70
Figure 66: Carrizo Oil & Gas Inc, Producible Oil and Gas Wells, 2013-2017 72
Figure 67: Carrizo Oil & Gas Inc, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017 73
Figure 68: Carrizo Oil & Gas Inc, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 73
Figure 69: Carrizo Oil & Gas Inc, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 74
Figure 70: Carrizo Oil & Gas Inc, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 74
Figure 71: Carrizo Oil & Gas Inc, Net Productive Gas Wells, By Country/Region, Number, 2013-2017 75
Figure 72: Carrizo Oil & Gas Inc, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 75
Figure 73: Carrizo Oil & Gas Inc, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 76
Figure 74: Carrizo Oil & Gas Inc, Exploratory and Developed Wells, 2013-2017 78