Energy Prospectus

Today I spent the afternoon updating my forecast model and profile for Carrizo Oil & Gas (CRZO). They will be posted to the website later today.

I am increasing my valuation by $5.40 to $60.40, which compares to First Call's Price Target of $54.12.

Carrizo has a strong balance sheet and they are well positioned to take advantage of what should be a very attractive acquisitions market.

Carrizo Oil & Gas Announces Participation in Upcoming Conferences
HOUSTON, Sept. 3, 2015 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that management is scheduled to present at the following upcoming conferences. A webcast of the presentations, if available, as well as the slide books used can be accessed on the Carrizo website at http://www.carrizo.com under the "Investor Relations" section.

Barclays CEO Energy-Power Conference
Wednesday, September 9, 2015 at 12:25 pm EDT
New York, NY

Johnson Rice 2015 Energy Conference
Monday, September 28, 2015 at 5:35 pm EDT
New Orleans, LA

Carrizo 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 plays primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

CONTACT: Jeffrey P. Hayden, CFA, VP - Investor Relations

(713) 328-1044

David L. Pitts, Chief Financial Officer

(713) 328-1000