2015 Annual Report

  • CRUDE OIL
  • NATURAL GAS & NGLS

TOTAL PRODUCTION (MBoe/d)

2013

Carrizo Oil & Gas

2014

Carrizo Oil & Gas

2015

Carrizo Oil & Gas

2016E

Carrizo Oil & Gas

2016 production is expected to be approximately 65% oil, up from approximately 40% in 2013.

U.S. PROVED RESERVES (MMBoe)

2012

Carrizo Oil & Gas

2013

Carrizo Oil & Gas

2014

Carrizo Oil & Gas

2015

Carrizo Oil & Gas

Crude oil continued to account for more than 60% of U.S. proved reserves in 2015.

CRUDE OIL PRODUCTION (MBbls/d)

Carrizo Oil & Gas

2015 crude oil production reached a Company record of 23.1 MBbls/d, up 22% versus 2014 thanks to strong growth from the Eagle Ford Shale.

TOTAL PRODUCTION (MBoe/d)

Carrizo Oil & Gas

2015 total production reached a Company record of 36.7 MBoe/d, up 12% versus 2014 despite a more than 30% reduction in our D&C capex versus the prior year.

ADJUSTED EBITDA ($MM)

Carrizo Oil & Gas

Adjusted EBITDA remained resilient in 2015, declining only 15% despite a 48% year-over-year reduction in the price of crude oil.

U.S. PROVED OIL RESERVES (MMBbls)

Carrizo Oil & Gas

Despite a significantly lower SEC price deck in 2015, Eagle Ford Shale bookings still drove a 9% increase in U.S. proved oil reserves.