2016 Annual Report

FINANCIAL HIGHLIGHTS

  • CRUDE OIL
  • NATURAL GAS & NGLS

PRODUCTION

2014

Carrizo Oil & Gas

2015

Carrizo Oil & Gas

2016

Carrizo Oil & Gas

2017E

Carrizo Oil & Gas

Crude oil production is expected to grow by approximately 23% in 2017.

PROVED RESERVES

2013

Carrizo Oil & Gas

2014

Carrizo Oil & Gas

2015

Carrizo Oil & Gas

2016

Carrizo Oil & Gas

Crude oil continued to account for more than 60% of proved reserves in 2016.

CRUDE OIL PRODUCTION (MBbls/d)

Carrizo Oil & Gas

2016 crude oil production reached a Company record of 25.7 MBbls/d, up 12% versus 2015, thanks to strong growth from the Eagle Ford Shale as well as a ramp-up from the Delaware Basin.

TOTAL PRODUCTION (MBoe/d)

Carrizo Oil & Gas

2016 total production reached a Company record of 42.3 MBoe/d, up 15% versus 2015, despite an 18% reduction in our D&C capex versus the prior year.

PROVED OIL RESERVES (MMBbls)

Carrizo Oil & Gas

Despite a lower SEC price deck in 2016, Eagle Ford Shale bookings still drove a 17% increase in proved oil reserves.

TOTAL PROVED RESERVES (MMBoe)

Carrizo Oil & Gas

2016 total reserve replacement was 291% at an all-sources FD&A cost of $13.65 per Boe.