Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as co-manager on this offering

About

Carrizo Oil & Gas, Inc. (“Carrizo” or the “Company”) (NASDAQ:CRZO) recently completed a follow-on offering of 15,600,000 common shares at a price of $14.60 per share, generating gross proceeds of approximately $227.8 million. The Company intends to use the proceeds from the offering to fund a portion of the purchase price for the pending acquisition from ExL Petroleum Management, LLC of approximately 16,488 net acres located in the Delaware Basin, and for general corporate purposes.

Carrizo is an energy company actively engaged in the exploration, development, and production of oil, NGLs and gas from resource plays located in the United States. The Company’s operations are principally focused in proven, producing oil and gas plays 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. Carrizo is based in Houston, Texas.
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Energy
Follow-on Offering
Date
June 2017
Company
Carrizo Oil & Gas, Inc.
Transaction
M&A
Sectors
Energy
Target Location
North America

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