Contact: Steven A. Webster
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Carrizo Oil and Gas, independent energy company engaged in the exploration, development and production of natural gas and oil
Carrizo Oil & Gas, Inc. is a Houston-based independent energy company engaged in the exploration, development and production of natural gas and oil. Our current operations are focused in the Barnett Shale area in North Texas and in proven, producing natural gas and oil geological trends along the onshore Gulf Coast in Texas and Louisiana, primarily in the Miocene, Wilcox, Frio, and Vicksburg trends. We have grown our production through our 3-D seismic-driven exploratory drilling program. From our inception through December 31, 2005, we participated in the drilling of 438 wells (155.5 net) with an apparent success rate of approximately 70 % in our onshore Gulf Coast area and 100% in the Barnett Shale area. Exploratory wells accounted for 83% of the total wells we drilled. As a main part of our business strategy, we have acquired licenses for over 10,000 square miles of 3-D seismic data for processing and evaluation. One of our primary strengths is the experience of our management and technical staff in the development, processing and analysis of this 3-D seismic data to generate and drill natural gas and oil prospects. Our technical and operating employees have an average of over 20 years industry experience, in many cases with major and large independent oil and gas companies. Using our 3-D seismic database, our highly qualified technical staff is continually adding to and refining our substantial inventory of drilling locations.
Carrizo Oil and Gas Company Tags: Carrizo Oil and Gas Houston, USA, Natural gas, oil geological, technology, carrizo, texas, usa