Upcoming Conference Schedule
Carrizo's management is scheduled to present at the following upcoming conferences. The slide books used during the presentations will be posted to the Carrizo website coincident with Carrizo's conference presentation.
Tudor, Pickering, Holt "Hotter 'N Hell" Energy Conference
Wednesday, June 19, 2013
Global Hunter Securities "GHS 100" Energy Conference
Tuesday, June 25, 2013 at 11:30 am EDT
The audio webcast can be accessed at http://wsw.com/webcast/ghs4/crzo/ or by visiting the Carrizo website at http://www.crzo.net/, clicking on "Investor Relations" and then on "Global Hunter 2013 Conference."
Carrizo Oil and Gas, Inc. Second Quarter and Full Year 2013 Guidance Summary ($ in millions except per Boe amounts) Q2 2013 Full Year 2013 --------------- ---------------Daily Production Volumes: Crude Oil (Bbl/d) 10,800-11,200 10,600-11,200 Natural Gas and NGLs (Mcfe/d) 90,000-94,000 101,000-108,000 Total (Boe/d) 25,800-26,867 27,433-29,200Realized Gain on Derivatives, net $2.3-$2.8 NACosts and Expenses: Lease Operating ($/Boe) $4.20-$4.40 NA Production Taxes (% of oil and gas revenues) 4.00%-4.25% NA Ad Valorem Taxes $2.5-$3.0 NA General and Administrative $15.0-$15.5 $43.0-$45.0 DD&A ($/Boe) $19.00-$20.00 NACapital Expenditure Plan $145-$150 $530-$540
Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas shales primarily in the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, the Marcellus Shale in Pennsylvania, the Barnett Shale in North Texas, and the Utica Shale in Ohio.
Statements in this news release that are not historical facts, including but not limited to those related to guidance, growth, targets, timing, rates and levels of production, production mix (including estimates of any historical information that has not yet been factually verified), capital requirements, spending plans, the amount, timing, nature and geographical location of drilling and completion, land acquisition, seismic and other expenditures, the number, location and timing of drilling rigs and activity within the Company's various areas of operation, lateral length and completion stages of wells, the Company's or management's intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, results of the Company's strategies, timing of completion and drilling of wells, and other statements that are not historical facts (or are estimates of historical information that have not yet been factually verified) are forward-looking statements that are based on current expectations. Although Carrizo believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include actions by governmental authorities, joint venture partners, industry partners, lenders and other third parties, market and other conditions, capital needs and uses, commodity price changes, effects of the global economy on exploration activity, results of and dependence on exploratory drilling activities, operating risks, right-of-way and other land issues, availability of capital and equipment, weather, and other risks described in Carrizo's Form 10-K for the year ended December 31, 2012 and its other filings with the Securities and Exchange Commission. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statement.
Jeffrey P. Hayden, CFA
VP - Investor Relations
Paul F. Boling
Chief Financial Officer