Company Profile For Carrizo Oil & Gas Inc

Carrizo Oil & Gas, Inc. (Carrizo) is an independent energy company engaged in the exploration, development, and production of natural gas and oil. The Company’s operations are principally focused in producing natural gas plays known as shale plays or resource plays. The Company’s primary core area is the Barnett Shale area in North Texas (Barnett Shale or Fort Worth Barnett Shale), with a focus on Southeast Tarrant County, Texas. Through its wholly-owned subsidiary, Carrizo (Marcellus) LLC, the Company is actively seeking to establish a core area in another emerging resource play, the Marcellus Shale play in Pennsylvania, New York, West Virginia, and Virginia. It also explore for, develop, and produce natural gas and oil from traditional geologic trends along the onshore Gulf Coast area in Texas, Louisiana and Alabama, primarily in the Miocene, Wilcox, Frio, and Vicksburg trends. The Company’s other interests include properties in the United Kingdom North Sea.

BRIEF: For the six months ended 30 June 2009, Carrizo Oil & Gas, Inc.'s revenues decreased 53% to $57.4M. Net loss totaled $131.6M, up from $18.1M. Revenues reflect decreased production volumes for oil & natural gas attributable to new production wells. Higher loss also reflects the presence of impairment of oil & natural gas properties, a decrease in interest income and higher interest expense.

Carrizo Oil & Gas Inc
1000 Louisiana Street
Suite 1500
Houston   TX   77002
P: +1713.3281000
F: +1713.3281035

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