Operational Updates | Hedging | Capital Markets
Carrizo Expects to Exceed Guidance in 3Q; 23,573 BO/d
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Carrizo Oil & Gas, Inc. provided an operational update, which included the following highlights:
Estimated third quarter crude oil production of 23,573 Bbls/d, 4% above the high-end of the guidance range Raising 2015 crude oil production growth target to 21% Added 8,000 Bbls/d of swaps for 2016 at a weighted average price of approximately $60/BblProduction volumes during the third quarter of 2015 are estimated to be 35,948 Boe/d. This represents an increase of 7% versus the third quarter of 2014 and exceeds the high-end of the Company's guidance range of 33,133-34,300 Boe/d. Oil production during the third quarter of 2015 is estimated to be 23,573 Bbls/d, an increase of 18% versus the third quarter of 2014; natural gas and NGL production are estimated at 51,710 Mcf/d and 3,757 Bbls/d…
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