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Carrizo Oil and Gas

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uuid003e7n6

Namestring
Carrizo Oil and Gas
Websiteurl
carrizo.com
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Carrizo Oil and Gas is a publicly traded, Houston-based independent energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Founded in 1993 and listed on NASDAQ under the ticker symbol CRZO, the company operates as a small-cap upstream E&P with a workforce of 101-250 employees. Its corporate headquarters are located in Houston, Texas, the dominant operational hub for U.S. independent oil and gas producers.

The company's economic model is that of a conventional independent operator: revenue is generated through the sale of produced hydrocarbons to midstream and downstream counterparties, with margins driven by commodity prices, basin-level lifting costs, production volumes, and reserve quality. As a publicly traded E&P, the firm is subject to standard SEC disclosure requirements and would typically operate concentrated acreage positions with a multi-rig drilling program and associated midstream commitments. The available data does not specify basin focus, production mix, or proved reserve base, so the operating footprint cannot be further characterized from the input alone.

Capital formation history visible in the data is limited to a single early-stage venture financing round of $6,000,000 closed on February 22, 2002, led by Mellon Ventures. Senior leadership includes David Pitts in the role of Vice President and Chief Financial Officer, overseeing corporate finance for the publicly listed entity. The company's website (carrizo.com) currently displays only a logo and privacy notice, providing no additional operational disclosure within the captured source material.

Short descriptiontext

Carrizo Oil and Gas is a publicly traded, Houston-based independent energy company founded in 1993 that explores for, develops, and produces crude oil and natural gas, with 101-250 employees and listed on NASDAQ under ticker CRZO.

Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
oil and gas exploration, upstream production, hydrocarbon development, crude oil production, natural gas extraction
Industry1 code
1Associated Gas Production (Oil-Linked)
CodeEUAAAAABPrimaryYes
NAICS code2 codes
  • Crude Petroleum Extraction21112
  • Oil and Gas Extraction2111
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Upstream Oil and Gas Exploration and Production
No data
Cost components4 values
Operations, Supply Chain, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Carrizo Oil and Gas is an energy company that engages in the exploration, development, and production of oil and gas. The company's fundamental business is locating hydrocarbon reserves, drilling and developing wells, and producing crude oil and natural gas for sale into commodity markets.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Crude Oil Production
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight1 record

Each record includes

Type, Description

Peers10 records
1Range Resources
TypeDirect peer
Description

Independent US upstream oil and gas exploration and production company with a long operating history — closely comparable to Carrizo's diversified oil and gas E&P profile and small-to-mid-cap independent operator model.

2Pioneer Natural Resources
TypeDirect peer
Description

Major independent US oil and gas E&P historically focused on the Permian Basin — directly comparable mid-cap upstream peer with exploration, development, and production of oil and natural gas as its core business.

3Diamondback Energy
TypeDirect peer
Description

Pure-play Permian Basin oil and gas E&P that scaled via acquisition and organic drilling — a directly comparable US independent upstream producer with similar acreage-concentration strategy and operational focus.

4Whiting Petroleum
TypeDirect peer
Description

Independent US oil and gas exploration and production company historically focused on the Bakken/Three Forks and Rockies — comparable as a similarly-sized independent upstream E&P with the same commodity-exposure business model.

5Cabot Oil & Gas
TypeDirect peer
Description

Independent exploration and production company focused primarily on natural gas — overlapping the gas-production leg of Carrizo's diversified upstream portfolio and sharing the model of a US-listed, oil-and-gas E&P operator.

6EOG Resources
TypeDirect peer
Description

Houston-headquartered, US-focused independent upstream oil and gas exploration and production company with multi-basin oil and gas operations and a similar 30+ year operating history — directly comparable to Carrizo's upstream, oil-and-gas E&P business model.

7Callon Petroleum
TypeDirect peer
Description

Independent E&P focused on the Permian Basin that acquired Carrizo in 2020 — the closest transaction-based comparable, as Callon evaluated Carrizo as a similar-scale Permian-focused upstream oil and gas producer with overlapping assets and an analogous operational footprint.

8Cimarex Energy
TypeDirect peer
Description

Independent oil and gas E&P with operations in the Permian, Mid-Continent, and other US basins — directly comparable diversified upstream producer at a similar enterprise scale to Carrizo.

9Devon Energy
TypeDirect peer
Description

Large US independent engaged in exploration, development, and production of oil and natural gas across multiple basins — overlapping Carrizo's core E&P activity and US-focused upstream model, with a similarly long operating history dating to the 1970s-80s.

10ConocoPhillips
TypeBroad incumbent
Description

Large, diversified independent E&P with significant US upstream oil and gas operations — overlapping Carrizo's exploration and production activities but at far greater scale and with broader geographic and integrated portfolio breadth.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Carrizo Oil and Gas

Upstream Oil and Gas Exploration and Productioncarrizo.com

Carrizo Oil and Gas is a publicly traded, Houston-based independent energy company founded in 1993 that explores for, develops, and produces crude oil and natural gas, with 101-250 employees and listed on NASDAQ under ticker CRZO.

What Carrizo Oil and Gas does

Carrizo Oil and Gas is a publicly traded, Houston-based independent energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids. Founded in 1993 and listed on NASDAQ under the ticker symbol CRZO, the company operates as a small-cap upstream E&P with a workforce of 101-250 employees. Its corporate headquarters are located in Houston, Texas, the dominant operational hub for U.S. independent oil and gas producers.

The company's economic model is that of a conventional independent operator: revenue is generated through the sale of produced hydrocarbons to midstream and downstream counterparties, with margins driven by commodity prices, basin-level lifting costs, production volumes, and reserve quality. As a publicly traded E&P, the firm is subject to standard SEC disclosure requirements and would typically operate concentrated acreage positions with a multi-rig drilling program and associated midstream commitments. The available data does not specify basin focus, production mix, or proved reserve base, so the operating footprint cannot be further characterized from the input alone.

Capital formation history visible in the data is limited to a single early-stage venture financing round of $6,000,000 closed on February 22, 2002, led by Mellon Ventures. Senior leadership includes David Pitts in the role of Vice President and Chief Financial Officer, overseeing corporate finance for the publicly listed entity. The company's website (carrizo.com) currently displays only a logo and privacy notice, providing no additional operational disclosure within the captured source material.

Carrizo Oil and Gas firmographics

Firmographics
Name
Carrizo Oil and Gas
Website
https://carrizo.com
Company type
Private
Founded year
1993
Headcount range
101–250 employees
Short description
Carrizo Oil and Gas is a publicly traded, Houston-based independent energy company founded in 1993 that explores for, develops, and produces crude oil and natural gas, with 101-250 employees and listed on NASDAQ under ticker CRZO.
Ownership category
akta.pro rank

Carrizo Oil and Gas industry classification

Industry
Product category
Upstream Oil and Gas Exploration and Production
NAICS
Crude Petroleum Extraction (21112), Oil and Gas Extraction (2111)
SIC
Crude Petroleum & Natural Gas (1311)
akta.pro primary industry
Associated Gas Production (Oil-Linked) (EUAAAAAB)

Keywords

  • Oil and gas exploration
  • Upstream production
  • Hydrocarbon development
  • Crude oil production
  • Natural gas extraction

Where Carrizo Oil and Gas is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Markets served

Carrizo Oil and Gas business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Supply Chain, Personnel, Infrastructure

Carrizo Oil and Gas product offering

Product offering

Core offering

Carrizo Oil and Gas is an energy company that engages in the exploration, development, and production of oil and gas. The company's fundamental business is locating hydrocarbon reserves, drilling and developing wells, and producing crude oil and natural gas for sale into commodity markets.

Differentiator

Problem solved

Functional benefit

Products and services

  • Crude Oil Production

Companies that use Carrizo Oil and Gas

Customer profile

Ideal customer profiles1 record

Carrizo Oil and Gas technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Carrizo Oil and Gas partnerships and signals

Strategic signal

Recent moves4 records

Expansion highlights1 record

Carrizo Oil and Gas competitors and assessment

Company assessment

Direct peers

  • Range Resources: Independent US upstream oil and gas exploration and production company with a long operating history — closely comparable to Carrizo's diversified oil and gas E&P profile and small-to-mid-cap independent operator model.
  • Pioneer Natural Resources: Major independent US oil and gas E&P historically focused on the Permian Basin — directly comparable mid-cap upstream peer with exploration, development, and production of oil and natural gas as its core business.
  • Diamondback Energy: Pure-play Permian Basin oil and gas E&P that scaled via acquisition and organic drilling — a directly comparable US independent upstream producer with similar acreage-concentration strategy and operational focus.
  • Whiting Petroleum: Independent US oil and gas exploration and production company historically focused on the Bakken/Three Forks and Rockies — comparable as a similarly-sized independent upstream E&P with the same commodity-exposure business model.
  • Cabot Oil & Gas: Independent exploration and production company focused primarily on natural gas — overlapping the gas-production leg of Carrizo's diversified upstream portfolio and sharing the model of a US-listed, oil-and-gas E&P operator.
  • EOG Resources: Houston-headquartered, US-focused independent upstream oil and gas exploration and production company with multi-basin oil and gas operations and a similar 30+ year operating history — directly comparable to Carrizo's upstream, oil-and-gas E&P business model.
  • Callon Petroleum: Independent E&P focused on the Permian Basin that acquired Carrizo in 2020 — the closest transaction-based comparable, as Callon evaluated Carrizo as a similar-scale Permian-focused upstream oil and gas producer with overlapping assets and an analogous operational footprint.
  • Cimarex Energy: Independent oil and gas E&P with operations in the Permian, Mid-Continent, and other US basins — directly comparable diversified upstream producer at a similar enterprise scale to Carrizo.
  • Devon Energy: Large US independent engaged in exploration, development, and production of oil and natural gas across multiple basins — overlapping Carrizo's core E&P activity and US-focused upstream model, with a similarly long operating history dating to the 1970s-80s.

Broad incumbents

  • ConocoPhillips: Large, diversified independent E&P with significant US upstream oil and gas operations — overlapping Carrizo's exploration and production activities but at far greater scale and with broader geographic and integrated portfolio breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Carrizo Oil and Gas financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Carrizo Oil and Gas leadership team

Management profile

Number of profiles

Profiles1 record

Carrizo Oil and Gas funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Carrizo Oil and Gas M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carrizo Oil and Gas

What does Carrizo Oil and Gas do?

Carrizo Oil and Gas is an energy company that engages in the exploration, development, and production of oil and gas. The company's fundamental business is locating hydrocarbon reserves, drilling and developing wells, and producing crude oil and natural gas for sale into commodity markets.

When was Carrizo Oil and Gas founded?

Carrizo Oil and Gas was founded in 1993. It employs 101 to 250 people.

Where is Carrizo Oil and Gas based?

Carrizo Oil and Gas is headquartered in Houston, United States, in the North America region.

Who are Carrizo Oil and Gas's main competitors?

Direct peers on record are Range Resources, Pioneer Natural Resources, Diamondback Energy, Whiting Petroleum, Cabot Oil & Gas, EOG Resources, Callon Petroleum, Cimarex Energy and Devon Energy. ConocoPhillips is listed as a broad incumbent.

Does Carrizo Oil and Gas have an API?

No public API is recorded for Carrizo Oil and Gas.

What industry is Carrizo Oil and Gas in?

Carrizo Oil and Gas's product category is Upstream Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUAAAAAB, Associated Gas Production (Oil-Linked). Its NAICS code is 21112 and its SIC code is 1311.

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Live signals
PR NewswireCallon and Carrizo Shareholders Approve MergerCallon Petroleum Company and Carrizo Oil & Gas announced that their shareholders approved the pending all-stock merger, which is expected to close by the end of business on December 20, 2019. Under the agreement terms, Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own. The combination aims to create a leading oil and gas company focused on the Permian Basin and Eagle Ford Shale.PR NewswirePaulson & Co. Reiterates Opposition to Destructive Carrizo DealPaulson & Co. Inc., a hedge fund holding 9.5% of Callon Petroleum Company, sent a follow-up letter to Callon's board on October 22, 2019, reiterating its opposition to the proposed acquisition of Carrizo Oil & Gas Inc. Paulson claims the deal has already destroyed $614 million in shareholder value as Callon's stock declined 42% since announcement, while also pointing to a 25% acquisition premium, 86% dilutive share issuance, and combined management fees totaling approximately $70 million. Paulson announced it will vote against the Carrizo transaction and all proposed shareholder resolutions.PR NewswireCallon Comments on Paulson & Co. FilingCallon Petroleum Company issued a statement addressing a filing by Paulson & Co. Inc., reaffirming its commitment to the $3.2 billion all-stock acquisition of Carrizo Oil & Gas expected to close in the fourth quarter of 2019. The companies highlighted that the combination will create a leading Permian Basin operator with significant operational synergies and a de-risked capital structure.PR NewswirePaulson & Co. Opposes Callon Petroleum's Proposed Acquisition of Carrizo Oil & GasPaulson & Co. Inc. has opposed Callon Petroleum's proposed acquisition of Carrizo Oil & Gas, urging the board to explore a sale of the company instead. The investor group argues the deal is value-eroding, citing a 36% stock price drop and a $530 million loss in shareholder value since the announcement.PR NewswireMoore Kuehn, PLLC Encourages NorthStar Realty Europe Corp. (NRE), Speedway Motorsports, Inc. (TRK), and Carrizo Oil & Gas, Inc. (CRZO) Investors to Contact FirmMoore Kuehn, PLLC, a New York-based securities law firm, announced it is investigating potential breaches of fiduciary duty by the boards of NorthStar Realty Europe Corp., Speedway Motorsports, Inc., and Carrizo Oil & Gas, Inc. in connection with three separate proposed acquisitions: NorthStar being acquired by AXA Investment Managers for approximately $17.03 per share, Speedway being acquired by Sonic Financial Corporation for $19.75 per share, and Carrizo being acquired by Callon Petroleum Co. through a 2.05-share exchange ratio. The firm is examining whether the boards maximized shareholder value, disclosed material information, and conducted fair processes in negotiating these transactions.PR NewswireLifshitz & Miller LLP Announces Investigation of Anheuser-Busch Companies LLC, Cadence Corporation, CannTrust Holdings, Inc., Carolina Trust BancShares, Inc., Carrizo Oil & Gas, Inc., Netflix, Inc., SLifshitz & Miller LLP announced investigations into possible securities law violations or breaches of fiduciary duty for nine publicly traded companies: Anheuser-Busch, Cadence Bancorporation, CannTrust Holdings, Carolina Trust BancShares, Carrizo Oil & Gas, Netflix, Sealed Air, and Tower International. The firm is seeking class action plaintiffs to represent investors in these matters regarding financial performance, regulatory compliance, and proposed mergers.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Investigates Carrizo Oil & Gas, Inc. AcquisitionWeissLaw LLP announced an investigation into the Board of Directors of Carrizo Oil & Gas, Inc. regarding possible breaches of fiduciary duty in connection with the proposed acquisition by Callon Petroleum Co. Under the deal terms, CRZO shareholders would receive 2.05 shares of CPE for each CRZO share, representing $13.12 per share consideration. The law firm cited concerns that the offer price falls significantly below the $41.00 analyst target price and $16.50 below CRZO's 52-week high of $29.58, and noted that CRZO shareholders would retain only 46% ownership of the combined entity.GlobeNewswireConsolidated Research: 2018 Summary Expectations for HCA Healthcare, The AES, Hercules Capital, Carrizo Oil & Gas, Callon Petroleum, and Ultra Clean — Fundamental Analysis, Key Performance IndicationsFundamental Markets released new research reports on HCA Healthcare, The AES, Hercules Capital, Carrizo Oil & Gas, Callon Petroleum, and Ultra Clean Holdings. The reports include updated financial performance, with HCA reporting revenue of $11,529 million and EPS of $2.35 for the quarter ended June 30, 2018.PR NewswireWhat's Happening With These Oil & Gas Stocks? -- Abraxas Petroleum, Approach Resources, Carrizo Oil & Gas, and Comstock ResourcesWallStEquities.com published market commentary on February 28, 2018 covering four independent oil and gas companies: Abraxas Petroleum, Approach Resources, Carrizo Oil & Gas, and Comstock Resources, with all sectors ending the trading session in bearish territory. Stock prices declined between 2.46% and 5.29%, while Williams Capital Group reiterated a 'Buy' rating on Carrizo Oil & Gas but lowered its target price from $32 to $28 per share. The article provides technical indicators including trading volumes, moving averages, and RSI readings for each company as promotional content driving traffic to the publisher's website for free research reports.PR NewswireStock Review for Independent Oil & Gas Investors -- EnerJex Resources, Gastar Exploration, Approach Resources, and Carrizo Oil & GasWallStEquities.com issued a stock review covering four independent oil and gas companies—EnerJex Resources, Gastar Exploration, Approach Resources, and Carrizo Oil & Gas—presenting their January 22, 2018 closing prices, trading volumes, and technical indicators including moving averages and RSI scores.