Point of View: Carrizo blends predictability and potential

Carrizo Oil & Gas Inc., Houston, was formed in 1993 by energy industry executives and investors to apply 3D seismic technology to mature proven, producing natural gas and oil plays primarily in the Miocene, Wilcox, Frio, and Vicksburg trends along the Gulf Coast in Texas and Louisiana.“That program was working very well. We’ve built a huge seismic data base of 7,000 sq miles on the Gulf Coast from South Texas to south Louisiana,” said S.P. Johnson IV, president and chief executive. However, that’s “kind of a difficult story” for a publicly traded company to sell to investors “because things aren’t very predictable, and sometimes you have...

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