CARRIZO OIL & GAS, INC. DELAWARE BASIN ACQUISITION OVERVIEW August 14, 2018 CRZO
Delaware Basin Bolt-On Acquisition Ford West 9,600 net acres, with the majority adjacent to Carrizos existing position in the Phantom Area Offsetting acreage allows for extended laterals and ability Alpine High Phantom to optimize…
Acquisition Expands Core Delaware Basin Scale Expands Phantom area position to 26,000 net acres Blocky Acreage Offsetting Increases working interest in existing units and provides opportunity to extend laterals Phantom Area Fills…
Attractive Valuation for Core Delaware Basin Acreage thousands / Adjusted Net Acre(1) A 40.6 B 34.9 C 32.8 D 30.2 E 22.3 F 21.8 G 20.8 H 15.3 CRZO / DVN 13.3 I 11.5 Source: Company investor…
Acreage Fills in Our Phantom Area Position Strong Results Across Several Horizons 1 CDEV 2 APC 3 CRZO 4 CRZO 5 CRZO Iceman 4-24 Nancy Couch 3-15 Dorothy 38 11H Zeman 40 1H SRO 551 Alloc. A 100H IP30: 1,660 Boe/d (53% oil) IP30: 1,329…
Operational Benefits from Contiguous Position Due to adjoining and offset nature of Devon leases relative Supplemental Infrastructure to Phantom acreage, CRZO has the opportunity to extend planned laterals 33 miles of water gathering…
Unique Value Proposition Core Positions in the Two Premier Oil Plays Blocky acreage positions of approximately 77,000 net acres in the Eagle Ford Shale volatile oil window and 46,000 net acres in the southern Delaware Basin…
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