Showing posts with label Carrizo Oil and Gas. Show all posts
Showing posts with label Carrizo Oil and Gas. Show all posts

Tuesday, August 7, 2012

Carrizo Oil & Gas [CRZO] Announces Record Production and Revenue in Second Quarter 2012 Results

Carrizo Oil & Gas, (NASDAQ: CRZO) today announced the Company's record financial results for the second quarter of 2012, which included the following highlights:

Results for the second quarter of 2012

* Record Oil Production of 7,618 Bbls/d, a 28% sequential increase from the first quarter of 2012

* Record Total Production of 2,393 Mboe, or 26,297 Boe/d, (equivalently 14.4 Bcfe, or 157,783 Mcfe/d), a 4% sequential increase from the first quarter of 2012

* Record Oil Revenue of $68.6 million, amounting to 82% of total revenue

* Record Revenue of $83.8 million, or adjusted revenue of $92.0 million, including the impact of realized hedges

* Net Income of $28.5 million, or Adjusted Net Income, (as defined below) of $10.5 million, a sequential decrease of $7.5 million from the first quarter of 2012, due to a 37% increase in DD&A, largely attributable to the April 2012 sale of Barnett Shale properties to Atlas

* EBITDA, (as defined below) of $69.3 million, comparable to the $70.2 million first quarter 2012 record

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Production volumes during the three months ended June 30, 2012 were 2,393 Mboe, an increase of 82 Mboe, or 4%, from first quarter 2012 production of 2,311 Mboe. The 4% sequential increase in production from the first quarter of 2012 to the second quarter of 2012 was due to the contribution of new wells brought on during the quarter. Second quarter production growth would have been substantially higher had it not been impacted by the sale of Barnett Shale production to Atlas Resource Partners, L.P. ("Atlas") on May 1, 2012.

Read the entire Carrizo Oil and Gas earnings report

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Friday, December 26, 2008

Crude Oil Stock Market Winners and Losers

Winners

Global Industries, Ltd. 8.33%
Berry Petroleum 6.90%
Tesoro Petroleum 6.06%
ICO 4.64%
RPC 3.25%

Losers

Edge Petroleum -12.50%
Callon Petroleum -6.41%
Carrizo Oil & Gas -5.74%
Allis-Chalmers Energy -5.19%
Goodrich Petroleum -4.38%

Note: % change based on the last 2 days of trading

Sunday, December 7, 2008

Oil Industry Stock Market Winners and Losers

Stock Market Winners

Meridian Resource...........19.40%
Global Industries, Ltd......10.09%
Superior Energy Services.....4.74%
Trimble Navigation Limited...3.25%
Transocean...................3.17%

Stock Market Losers

Callon Petroleum...........-30.72%
Energy Partners............-20.93%
Edge Petroleum.............-20.83%
Carrizo Oil & Gas..........-16.98%
CARBO Ceramics.............-16.13%

Note: The percentage of change is based on the last 2 days of trading
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