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Q3 2017 Presentation – Carrizo Oil & Gas Inc.

Carrizo Oil & Gas Inc. · Nov 8, 2017 · 13 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. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 1
    3Q 2017 Earnings Presentation November 8, 2017 CRZO
  2. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 2
    3Q Overview Adjusted Earnings Per Diluted Share Adjusted EBITDA Adjusted EBITDA Margin 0.33 133 MM 26 /Boe Exceeds consensus of 0.25 Exceeds consensus of 120MM Up 8% versus 2Q Total Production Oil Production Liquids Mix…
  3. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 3
    Executing on Corporate Initiatives Strategic Operational Redefined portfolio with core Upgraded drilling fleet Delaware Basin acquisition for Delaware Basin assets Made progress on asset Delivered drilling efficiencies divestiture…
  4. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 4
    Eagle Ford Shale Operations Summary 3Q Highlights Historical Production Grew production by 2% sequentially despite 50 the impact of Hurricane Harvey 40 MBoe/d Reduced unit LOE by 10% vs. the prior quarter 30 During September,…
  5. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 5
    Eagle Ford Shale Enhanced Completions Driving Improved Well Performance 55 50 Jasik 10 Pad Jasik Existing Wells 45 40 Cumulative Oil, MBO 35 30 25 20 15 10 5 0 0 10 20 30 40 50 60 70 80 All wells normalized…
  6. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 6
    Delaware Basin Operations Summary 3Q Highlights Historical Production Closed ExL property acquisition during August 8 Successfully upgraded drilling fleet and 6 transitioned legacy Permian learnings MBoe/d 4 Reduced average…
  7. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 7
    Phantom Area (ExL) Strong Results from Recent Northwestern Wells Performance of recent Christian and State CVX wells supports Carrizos evaluation of northwestern acreage GOR profile 3 Christian 2 1T 1 2 5 4 6 Lower Wolfcamp A…
  8. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 8
    Phantom Area (ExL) Driving Operational Efficiencies 0 1,000 Since taking over operations in August, ExlLangford OperatedB89 1 2,000 ExL Operated CRZO has been able to significantly improve CRZO Operated CRZO Operated…
  9. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 9
    Financial Summary 3Q Highlights Revenue Drivers Exposure to premium-priced LLS market helped 56 38 drive strong crude oil netbacks 54 52 37 MBoe/d Unit LOE declined by 12% sequentially, while total 50 /Boe 48 36 unit…
  10. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 10
    Guidance Summary Actual Guidance Highlights 3Q 2017 4Q 2017 FY2017 Production Volumes: Delaware Basin expected to drive Crude Oil (Bbls/d) 34,903 40,400 - 40,800 34,400 - 34,600 strong 4Q growth in oil and NGLs NGLs (Bbls/d) 6,777…
  11. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 11
    Appendix 12 CRZO
  12. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 12
    Non-GAAP Reconciliation Reconciliation of Net Income Attributable to Common Shareholders (GAAP) to Adjusted Net Income Attributable to Common Shareholders (Non-GAAP) 3Q 2017 In Thousands Per diluted Share Net Income Attributable…
  13. Q3 2017 Presentation – Carrizo Oil & Gas Inc. – slide 13
    Non-GAAP Reconciliation Reconciliation of Net Income Attributable to Common Shareholders (GAAP) to Adjusted EBITDA (Non-GAAP) to Net Cash Provided by Operating Activities (GAAP) 3Q 2017 2Q 2017 1Q 2017 (In thousands, except per Boe…

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