CRZO Stock Offering
Posted: Thu Nov 07, 2013 10:47 am
HOUSTON, November 6, 2013 - Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) announced today that it has
priced an underwritten public offering of 4,500,000 shares of its common stock at a price to the public of $44.00
per share. The underwriters will have an option to purchase up to an additional 675,000 shares. The offering was
upsized to 4,500,000 shares from the original offering size of 3,750,000 shares. Carrizo intends to use the net
proceeds from the offering to fund in part its increased capital expenditure plan that takes into account its
recently completed Utica Shale acreage acquisition, the second half of the 2013 development of its expanded
position in the Utica Shale and the accelerated fracking of a portion of its existing inventory of Eagle Ford wells
and for other general corporate purposes.
priced an underwritten public offering of 4,500,000 shares of its common stock at a price to the public of $44.00
per share. The underwriters will have an option to purchase up to an additional 675,000 shares. The offering was
upsized to 4,500,000 shares from the original offering size of 3,750,000 shares. Carrizo intends to use the net
proceeds from the offering to fund in part its increased capital expenditure plan that takes into account its
recently completed Utica Shale acreage acquisition, the second half of the 2013 development of its expanded
position in the Utica Shale and the accelerated fracking of a portion of its existing inventory of Eagle Ford wells
and for other general corporate purposes.