Carrizo Oil & Gas Announces 2019 Capital Program and Provides an Update on Fourth Quarter Operations - Seite 3

[phone] (Intl./Local)   Enter Replay Reservation #: 21915115   The replay will be available through Tuesday, March 5, 2019 at 12:00 PM CST.  

A simultaneous webcast of the call may be accessed over the internet by visiting our website at http://www.carrizo.com, clicking on “Upcoming Events”, and then clicking on “2018 Fourth Quarter and Year-end Conference Call Webcast.” To listen, please go to the website in time to register and install any necessary software. The webcast will be archived for replay on the Carrizo website for 7 days.

Additionally, Carrizo management is scheduled to present at the following upcoming conference. A webcast of the presentation, if available, as well as the slide book used can be accessed on the Carrizo website at http://www.carrizo.com under the “Investor Relations” section.

Credit Suisse 24^th Annual Energy Summit
Monday, February 11, 2019 at 8:15am CST
Vail, CO

Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.

Statements in this release that are not historical facts, including but not limited to those related to capital requirements, effect of the pivot to the Eagle Ford, and redeployment back to the Permian, expectations or projections for the 2019 capital plan and development plan, including its design, results and effects, free cash flow, momentum, changes in rig count, including timing thereof, expected drilling and completion activity, benefits of multi-pad drilling, expected portion of activity in the respective basin, capital expenditure, infrastructure program, resource potential, guidance, rig program, production, average well returns, comparative margins, targeted ratios and other metrics, timing, levels of and potential production, expectations regarding growth, oil and gas prices, drilling and completion activities, drilling inventory, including timing thereof, well costs, break-even prices, production mix, development plans, hedging activity, the Company’s or management’s intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, results of the Company’s strategies and other statements that are not historical facts are forward-looking statements that are based on current expectations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. In addition, the results for the fourth quarter of 2018 are preliminary and are subject to change, including changes resulting from the Company’s obtaining additional information and completing its accounting closing procedures for the fourth quarter and year-end of 2018. Important factors that could cause actual results to differ materially from those in the forward-looking statements include assumptions regarding well costs, Delaware Basin constraints, benefits of multi-pad drilling, results of the 2019 capital and development plan estimated recoveries, pricing, margins, and other factors affecting average well returns, timing of well completions and the results of production from such wells and testing, failure of actual production to meet expectations, results of infrastructure program, failure to reach significant growth, performance of rig operators, spacing test results, availability of gathering systems, pipeline and other transportation issues, costs and availability of oilfield services, actions by governmental authorities, joint venture partners, industry partners, lenders and other third parties, actions by purchasers or sellers of properties, risks and effects of acquisitions and dispositions, market and other conditions, risks regarding financing, capital needs, availability of well connects, capital needs and uses, commodity price changes, effects of the global economy on exploration activity, results of and dependence on exploratory drilling activities, operating risks, right-of-way and other land issues, availability of capital and equipment, weather, and other risks described in the Company’s Form 10-K for the year ended December 31, 2017 and its other filings with the U.S. Securities and Exchange Commission. There can be no assurance any transaction described in this press release will occur on the terms or timing described, or at all.