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Carrizo Oil & Gas Inc (CRZO.OQ)

CRZO.OQ on NASDAQ Stock Exchange Global Select Market

17.88USD
16 Nov 2018
Change (% chg)

$-0.16 (-0.89%)
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Latest Key Developments (Source: Significant Developments)

Carrizo Oil & Gas Announces Public Offering Of Common Stock
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES PUBLIC OFFERING OF COMMON STOCK.SAYS OFFERING 9.50 MILLION COMMON SHARES.CARRIZO OIL & GAS - TO USE PROCEEDS FROM OFFERING TO FUND PURCHASE PRICE FOR PENDING ACQUISITION OF ASSETS FROM DEVON ENERGY PRODUCTION CO.CARRIZO OIL & GAS - TO USE NET PROCEEDS FROM OFFERING TO FUND PURCHASE PRICE FOR PENDING ACQUISITION OF ASSETS FROM DEVON ENERGY PRODUCTION COMPANY.  Full Article

Carrizo Oil & Gas Q2 Adjusted Non-GAAP Earnings Per Share $0.79 Excluding Items
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES SECOND QUARTER RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.79 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.36.Q2 EARNINGS PER SHARE VIEW $0.68 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL PRODUCTION OF 57,077 BOE/D, 12% ABOVE Q2 OF 2017.QTRLY TOTAL REVENUES ABOUT $264 MILLION VERSUS $166.4 MILLION.  Full Article

Carrizo Oil & Gas Responds To Kimmeridge 13D Filing
Thursday, 5 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS RESPONDS TO KIMMERIDGE 13D FILING.CARRIZO OIL & GAS SAYS "AGREES" WITH KIMMERIDGE ENERGY MANAGEMENT'S ASSESSMENT THAT ITS ASSETS ARE "CURRENTLY UNDERVALUED" RELATIVE TO PEER COMPANIES.BELIEVES EXECUTING ON ITS DEVELOPMENT PROGRAMS IN EAGLE FORD SHALE, DELAWARE BASIN WILL "REDUCE CURRENT DISCOUNT VALUATION IN ITS SHARES".MEMBERS OF CO'S MANAGEMENT TEAM & BOARD HAVE HAD ONGOING DISCUSSIONS WITH KIMMERIDGE ENERGY MANAGEMENT SINCE ITS STAKE IN CO'S STOCK IN 2017.  Full Article

KEMC Fund IV Gp, Llc Reports 8.1 Pct Stake In Carrizo Oil & Gas Inc As Of March 26, 2018 SEC Filing‍​
Thursday, 5 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::SEC FILING‍​.KEMC FUND IV GP SAYS ACQUIRED CARRIZO OIL & GAS' SHARES IN THE BELIEF THAT THE SHARES ARE UNDERVALUED AND ARE AN ATTRACTIVE INVESTMENT.KEMC FUND IV GP SAYS KIMMERIDGE PRINCIPALS HAD NUMEROUS CONSTRUCTIVE DISCUSSIONS WITH CARRIZO OIL & GAS' MANAGEMENT ON CO'S BUSINESS, STRATEGIES.CORE ASSETS & PARTIAL SALES IN EAGLE FORD, UTICA, MARCELLUS, NIOBRARA & REPAYMENT OF DEBT ARE POSITIVE STEPS FOR CARRIZO OIL.BELIEVES CARRIZO OIL & GAS SHOULD "STRONGLY" CONSIDER SPECIFIC ACTIONS THAT CAN BE TAKEN TO ENHANCE AND MAXIMIZE SHAREHOLDER VALUE.PLAY.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD MERGE WITH ANOTHER OPERATOR WITH PERMIAN OVERLAP TO INCREASE SCALE.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD EXIT PART OF EAGLE FORD POSITION & USE PROCEEDS TO REPURCHASE SIGNIFICANT PORTION OF COMMON STOCK.BELIEVE CARRIZO OIL WILL NOT BE ABLE TO INCREASE SCALE IN PERMIAN SUFFICIENTLY ABSENT MAJOR A SALE OR MERGER.IF CARRIZO OIL BOARD IS UNABLE/UNWILLING TO EXECUTE VIABLE STRATEGIC PATH IN 12 MONTHS, KEMC BELIEVES SHAREHOLDERS WOULD BE BEST SERVED BY SALE OF CO.  Full Article

Carrizo Oil & Gas Announces Closing Of DJ Basin Divestiture And Partial Redemption Of Its 7.50% Senior Notes Due 2020 And 8.875% Redeemable Preferred Stock
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES CLOSING OF DJ BASIN DIVESTITURE AND PARTIAL REDEMPTION OF ITS 7.50% SENIOR NOTES DUE 2020 AND 8.875% REDEEMABLE PREFERRED STOCK.CARRIZO OIL & GAS - ‍ON JAN 19, GAVE NOTICE TO TRUSTEE FOR 7.50% SENIOR NOTES DUE 2020 CALLING FOR REDEMPTION OF $100 MILLION OUTSTANDING NOTES​.  Full Article

Carrizo Oil & Gas Announces Divestiture Of A Portion Of Eagle Ford Acreage
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES THE DIVESTITURE OF A PORTION OF ITS EAGLE FORD ACREAGE.CARRIZO OIL & GAS ANNOUNCES THE DIVESTITURE OF A PORTION OF ITS EAGLE FORD ACREAGE.CARRIZO OIL & GAS INC - ‍AN AGREEMENT TO DIVEST A PORTION OF ITS ASSETS IN EAGLE FORD SHALE FOR $245 MILLION IN CASH​.CARRIZO OIL & GAS INC - ‍PRODUCTION ASSOCIATED WITH DIVESTITURE ACCOUNTS FOR LESS THAN 10% OF COMPANY'S TOTAL IN EAGLE FORD SHALE​.CARRIZO OIL & GAS - DIVESTED ASSETS INCLUDE ABOUT 24,500 NET ACRES AND HAD ASSOCIATED NET PRODUCTION DURING Q3 OF 2017 OF APPROXIMATELY 3,400 BOE/D.CARRIZO OIL & GAS-‍FOLLOWING CLOSE OF DEAL,CO WILL HOLD ABOUT 78,500 NET ACRES IN EAGLE FORD SHALE,EXCLUSIVELY LOCATED WITHIN CORE VOLATILE OIL FAIRWAY​.  Full Article

Carrizo Oil & Gas Provides Update On Divestiture Program
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS PROVIDES UPDATE ON DIVESTITURE PROGRAM.CARRIZO OIL & GAS - ‍ON NOVEMBER 20, 2017, CARRIZO ENTERED INTO AN AGREEMENT TO SELL SUBSTANTIALLY ALL OF ITS ASSETS IN DJ BASIN FOR $140 MILLION IN CASH​.  Full Article

Reliance Industries ‍closes sale of assets in Marcellus shale play of north-eastern and central Pennsylvania​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Reliance Industries Ltd ::Closes sale of its assets in Marcellus shale play of north-eastern and central Pennsylvania​.Contingent amount of up to $11.25 million may be paid to co between 2018-2020 based on certain gas price thresholds being achieved.  Full Article

Omega Advisors dissolves share stake in Carrizo Oil & Gas, ups in Shire PLC
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Omega Advisors Inc::Omega Advisors Inc dissolves share stake in Carrizo Oil & Gas Inc - SEC Filing‍​.Omega Advisors Inc raises share stake in Shire PLC by about 31 percent to 653,977 sponsored ADRs.Omega Advisors Inc - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Carrizo Oil & Gas reports Q3 EPS of $0.07
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Carrizo Oil & Gas Inc :Carrizo oil & gas announces third quarter results.Q3 adjusted non-gaap earnings per share $0.33 excluding items.Q3 earnings per share $0.07.Q3 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Qtrly ‍crude oil production of 34,903 bbls/d, 43% above q3 of 2016​.Qtrly ‍total production of 55,224 boe/d, 35% above q3 of 2016​.Carrizo is adjusting its 2017 oil production guidance to 34,400-34,600 bbls/d​.For natural gas and ngls, carrizo is adjusting its 2017 guidance to 77-78 mmcf/d and 6,100-6,200 bbls/d, respectively​.  Full Article

ANALYSIS-Too much oil? Texas boom outpaces supply, transport networks

MIDLAND, Texas, Oct 2 The west Texas drillers that drove the shale revolution have overwhelmed the region's infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth.