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News Breaks
February 25, 2013
06:38 EDTCRZOCarrizo Oil & Gas reports 2012 reserve value of $1.4B
Carrizo Oil & Gas announced 2012 U.S. proved reserves of 115.1 MMboe, including record proved oil reserves of 39.1 MMbbls, a 58% increase year on year, and record PV-10 proved reserves value of $1.4B, a 64% increase year on year, and record 2012 production of 9.4 MMboe, a 26% increase year on year, including Q4 production above guidance for both oil and gas. All comparisons of 2012 to the prior year are based on 2011 proved reserves of 95.9 MMboe, which are adjusted to exclude 53.8 MMboe of reserves, 97% natural gas, associated with 2012 U.S. property sales. 2012 U.S. Proved Reserves, Production and Reserve Replacement 2012 proved reserves in the U.S., as determined by the Company's third-party reserve engineers, were 115.1 MMboe, an increase of 20% from year-end 2011, and are comprised of 39.1 MMbbls of oil, a 58% increase over 2011, 5.4 MMboe of NGLs, a 71% increase over 2011, and 423.7 Bcf of natural gas, a 4% increase over 2011.
News For CRZO From The Last 14 Days
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February 26, 2015
07:47 EDTCRZOCarrizo Oil & Gas price target raised to $60 from $50 at Stephens
Stephens raised its price target for Carrizo Oil & Gas to $60 from $50 citing favorable cost trends the company is already achieving, the company's relatively strong balance sheet and the firm's belief that Carrizo will be able to accelerate growth quickly when commodity prices rebound. Stephens maintains its Overweight rating on the stock.
February 25, 2015
10:01 EDTCRZOOn The Fly: Analyst Downgrade Summary
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07:26 EDTCRZOCarrizo Oil & Gas downgraded to Accumulate from Buy at KLR Group
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February 24, 2015
06:45 EDTCRZOCarrizo Oil & Gas backs FY15 crude oil production growth target of 17%
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06:45 EDTCRZOCarrizo Oil & Gas reports Q4 total revenue $173.3M, oil revenue $140.9M
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06:44 EDTCRZOCarrizo Oil & Gas reports Q4 oil production of 22,130 Bbls/d
Reports Q4 total production of 37,696 Boe/d. year-over-year production growth was driven primarily by strong results from the Company's Eagle Ford Shale assets. Oil production during the fourth quarter of 2014 averaged 22,130 Bbls/d, an increase of 70% versus the fourth quarter of 2013 and 11% versus the prior quarter; natural gas and NGL production averaged 93,413 Mcfe/d during the fourth quarter of 2014. Fourth quarter of 2014 production exceeded the high end of Company guidance for both oil and natural gas and NGLs due primarily to strong performance from the Company's Eagle Ford Shale assets and a lower-than-expected amount of voluntary production curtailments from its Marcellus Shale assets.
06:44 EDTCRZOCarrizo Oil & Gas reports Q4 adjusted EPS 32c, consensus 30c
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