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CARRIZO OIL & GAS INC Annual ReportCarrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas shales primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Niobrara Formation in Colorado, the Utica Shale in Ohio, and the Marcellus Shale in Pennsylvania.

We have grown our production and reserves over the last 10+ years by focusing on horizontal drilling and completion in unconventional resource plays. We are an industry leader in horizontal development drilling, having drilled and completed more than 800 extended-reach horizontal wells in approximately 15 different resource plays. The highly predictable nature of our drilling inventory provides us with a great deal of precision, as we can quickly and effectively adjust our activity in response to changes in commodity prices.