Skip to main content Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. Investor Presentation | Shale Experts
Loading...
Pm

Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc.

Carrizo Oil & Gas Inc. · Apr 17, 2012 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 1
    Nasdaq: CRZO 2012 IPAA Oil and Gas Investor Symposium Carrizo Oil & Gas, Inc. April 17,
  2. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 2
    Operating Profile Net Shale Acreage Summary Eagle Ford Shale 43,000 Niobrara Shale 58,773 Marcellus Niobrara Barnett Shale 12,500 Utica Shale Shale Marcellus Shale 100,595 Shale Barnett Shale Ft. Worth Basin U.K. North…
  3. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 3
    Reserve Growth, Production Growth, and Reserve Replacement 12/31 Proved Reserves (Bcfe) Average Daily Production (Mmcfe/d) 1000 140 935.6 123.4 900 841.2 120 800 100.8 700 100 90.5 601.9 600 80 70.2 502.6 500 346.7 60 47.9…
  4. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 4
    Liquids Strategy On Track Q1 guidance reflects 83% sequential quarterly growth in net oil production Q1 2012 revenues from oil production are expected to be over 60% of total revenue 6000 5500 5000 4500 4000 3500…
  5. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 5
    Reserves and Reserve Potential by Region Energy Basis (Oil:Gas 6:1) Revenue Basis (Oil:Gas 20:1) 7,000 7,000 6,449 BCFE(2) 6,000 6,000 5,000 5,000 4,000 3,706 BCFE(2) 4,000 3,000 3,000 2,000 2,000 1,174 BCFE(1) 1,000 614…
  6. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 6
    Capital Program US Millions Category FY 2011 FY 2012 Est. Drilling Eagle Ford Shale 195 320 Niobrara Shale 39 43 Marcellus Shale 47 62 Barnett Shale 100 15 Total Drilling 381 440 Land , Seismic & Other 111 30 North Sea 22 0…
  7. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 7
    Current Financial Position Revolving Credit Facility (due 2016) Facility effective November 2011 340 MM initial borrowing base with interest rate of LIBOR + 2.75% Consortium of 9 banks led by BNP/Paribas (now Wells Fargo)…
  8. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 8
    Hedge Position Type of Volume Daily Volume Avg. Floor Avg. Ceiling Avg. Short Put Basis % of Q4 Gas Period Contract (MMBtu) (MMBtu/d) Price Price Put Price Spread Differential Production Q1 2012 Total Volume 5,096,000 57,000 51.45%…
  9. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 9
    Carrizo Joint Ventures Carrizo Has Significant Experience in the Formation of Joint Ventures Joint venture with Avista Capital Partners in the Utica Shale, September 2011 Early stage land acquisition program in Utica condensate zone…
  10. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 10
    Liquids Rich Resource Opportunities Reserve Expectations Eagle Ford Shale Acres % drillable Spacing Wells EUR/Well Gross (Acres) (MBOE) Reserves (MMBOE) 43,000 95 115 355 400 142.0 Production and unproven acreage metrics from…
  11. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 11
    Eagle Ford Shale Overview Well design and expectations: 43,000 net acres in 75% liquids, 25% rich gas condensate window above Development well costs of 10,000 primarily located in 7.0 - 8.0 million LaSalle County 5,000 laterals, 18…
  12. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 12
    Eagle Ford Shale Gas Condensate Window Economics Well Only Type Curve 1,000 150 Total well cost 7.5 MM 900 135 Reserves Gross 400 MBOE 800 120 (GOR=2,000) 700 105 Net 300 MBOE Oil Rate (BOPD) Cum Oil (MBO) 600 90 F&D…
  13. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 13
    Eagle Ford Shale Well Performance Eagle Ford Well Performance - All Wells 100000 40 90000 36 80000 32 70000 28 60000 24 CUM BO 50000 20 40000 16 30000 12 20000 8 10000 4 0 0 0 15 30 45 60 75 90 105 120…
  14. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 14
    Eagle Ford Shale Value Components 1.33 BOE 1.6 Mcf dry Gas 2.50/mmbtu 2 Mcf Assoc Gas Recovered NGL NGL Liquids Per Component Pricing Revenue 2 MCF (/Gal) per Bbl Oil Wellhead Oil (Gal) Ethane 0.68 4.95 3.37 Propane 1.29 3.15…
  15. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 15
    Niobrara Activity Map 58,773 net acres in Weld County, CO Acreage high-graded using resistivity data from deeper wells 14 wells on production, 1 waiting on completion, 1 drilling Average well performance closely tracking 250,000…
  16. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 16
    Niobrara Why We Like The Niobrara Our geologic model appears to be working Oil-in-place indicators validated by Company and industry well results and core analysis Focus on geo-steering and staying in target B bench zone improves…
  17. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 17
    Niobrara Economics Well Only Type Curve 800 80 Total well cost 3.6 MM 700 70 Reserves Gross 250 MBOE 600 60 (GOR=1,500) Net 200 MBOE Cum Oil (MBO) 500 50 Oil Rate (BOPD) F&D Cost 18 / BOE 400 40 IRR (1) 100…
  18. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 18
    Barnett Shale Overview of Carrizos Position Tier 1 Core Closing sale of 35 Mmcfed to Atlas for 190 million Wise 12,500 net acres remaining in the Barnett core in Denton SE Tarrant (proforma sale) where development economics are among…
  19. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 19
    Marcellus Shale JV Operating Areas New York Marcellus JV 16K Acres (w/Avista) Operations 2 Rigs drilling in NE PA acreage (40% CRZO) 11 wells producing, 2 shut-in for frac, 5 completed waiting C Counties on pipeline; backlog…
  20. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 20
    Marcellus Shale Project NE Pennsylvania Susquehanna Operations 1 Rig drilling 5,000 18 stage horizontal wells along route of pipeline 2 well Bonnice pad shut-in for frac 6 well Baker pad on production Laser Pipeline 5 well Baker…
  21. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 21
    Marcellus Shale NE PA Economics NE PA Marcellus NE PA Type Curve 10000 4.0 Total well cost 6.8 MM 9000 3.6 8000 3.2 Net Reserves 7.0 Bcf 7000 2.8 Avg Rate (MCFD) Cum Gas (BCF) 6000 2.4 F&D Cost 0.97 / Mcf 5000…
  22. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 22
    Utica Shale Area of Activity Carrizo/Avista Utica JV Formed to acquire acres in Utica condensate zone Capitalized from 130 to 200 million Initial 16,600 JV acres in Mercer and Trumbull counties Additional 8,000 acres in southern…
  23. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 23
    UK North Sea Huntington Development Project Forties reservoir tested 7,940 Boe/d 3 production wells drilled and tested Currently drilling 2nd water- injection well 3rd Party gross reserve estimate mid-point of 42 MMBOE, 15%…
  24. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 24
    Carrizo Oil & Gas Value Proposition(1) Marcellus Barnett (excl. W Va) Eagle Ford Niobrara Total Total 3P Reserve Potential, Bcfe 668 1,707 914 439 3,728 Cumulative Production, Bcfe 127 0 4 1 132 Proved Reserves, Bcfe 336 37…
  25. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 25
    Summary Successfully executing strategy: Outstanding organic growth in reserves and production Leveraging Barnett Shale expertise into other shales Maintaining financial liquidity with JVs and asset sales 18.9 Bcf of 2012 gas…
  26. Independent Petroleum Association of Americas OGIS – Carrizo Oil & Gas Inc. – slide 26

From the store

Browse maps, data & reports in the Shale Experts store