| Business Summary | | Carrizo
Oil
&
Gas,
Inc.
is
an
oil
and
gas
company
engaged
in
the
exploration,
development,
exploitation
and
production
of
natural
gas
and
crude
oil.
The
Company's
operations
are
focused
onshore
in
proven
oil
and
gas
producing
trends
along
the
Gulf
Coast,
primarily
in
Texas
and
Louisiana
in
the
Frio,
Wilcox
and
Vicksburg
trends.
During
the
period
from
1996
through
December
2000,
the
Company
assembled
over
400,000
gross
acres
under
lease
or
option
and
acquired
51
3-D
seismic
surveys
with
over
2,100
square
miles
of
3-D
data.
In
addition,
the
Company
also
has
approximately
1,325
square
miles
of
3-D
data
in
non-core
areas
in
which
it
does
not
have
active
projects,
but
in
which
it
is
screening
for
potential
drilling
prospects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Carrizo
is
an
independent
oil
and
gas
company
engaged
in
the
exploration,
development,
exploitation,
and
production
of
natural
gas
and
crude
oil.
For
the
six
months
ended
6/30/01,
revenues
increased
56%
to
$15.8
million.
Net
income
increased
60%
to
$5.8
million.
Revenues
reflect
an
increase
in
natural
gas
and
oil
prices.
Higher
income
also
reflects
improved
gross
margins
and
a
$446
thousand
stock
option
compensation
benefit. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Steven Webster, 49 Chairman | -- | -- | S. Johnson IV, 45 Pres
and CEO | $249K | -- | Frank Wojtek, 45 CFO,
VP, Sec., Treasurer, Director | 178K | -- | J. Bradley Fisher, 40 VP-Operations | 143K | $45K | George Canjar, 43 VP
of Exploration Devel. | 178K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|