7 Nov 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Nov 2014quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $134.3 million for the period ended 2014-12-31.
6 Nov 2014quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $134.3 million for the period ended 2014-12-31.
30 Oct 2014debt financing● NeutralMajor
Carrizo sold $300M of additional 7.50% Senior Notes due 2020 in a private placement that closed Oct 30, 2014, guaranteed by its subsidiaries. Proceeds are to fund the Eagle Ford Minerals acquisition ($243.0M, of which $93.0M was already paid via the revolver) and repay revolver debt. Under a registration rights agreement, Carrizo must try to register an exchange of these for registered notes. This follows the notes offering announced in the Oct 27 acquisition filing.
27 Oct 2014asset acquisition disposition▲ GoodMajor
On Oct 24, 2014 Carrizo closed the purchase from Eagle Ford Minerals of extra Eagle Ford interests (about 6,820 net acres, 20.1 net producing wells), taking it from a 75% to 100% working interest in properties it already operated. Price is $243.0M cash net of adjustments: about $93.0M paid at closing and $150.0M due by Feb 16, 2015, funded by revolver borrowings and a proposed notes offering. The company estimates 16.7 MMBoe of proved reserves on these properties (internal estimate). The banks also lifted the borrowing base to $800M from $675M, with commitments limited to $685M. The filing also announces a proposed senior notes offering.
9 Oct 2014material agreement▲ Good
On Oct 7, 2014 Carrizo signed the Fifth Amendment to its revolving credit facility. The borrowing base rose from $570M to $675M, though Carrizo limited lender commitments to $585M. The letter of credit sublimit doubled from $15M to $30M, and the earlier $350M cap on additional senior notes was replaced by unlimited issuance provided financial covenants are met. Next redetermination is expected in spring 2015.
5 Sept 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
29 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP-Exploration Evans Gregory E sold 28,000 shares.
28 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson exercised stock options for 34,584 shares and disposed of 69,168 shares.
28 Aug 2014securities registration● Neutral
CARRIZO OIL & GAS INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
15 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson exercised stock options for 8,334 shares and disposed of 12,636 shares.
15 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC CFO, VP, Secretary, Treasurer Paul F Boling exercised stock options for 64,586 shares and disposed of 84,013 shares.
5 Aug 2014quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $83.8 million for the period ended 2014-09-30.
5 Aug 2014quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $83.8 million for the period ended 2014-09-30.
1 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Operating Officer John Bradley Fisher sold 4,000 shares.
1 Aug 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
3 July 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP-Exploration Evans Gregory E received a stock option grant for 18,288 shares.
3 July 2014director interest notice● Neutral
CARRIZO OIL & GAS INC CFO, VP, Secretary, Treasurer Paul F Boling received a stock option grant for 25,199 shares.
3 July 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Accounting Officer Pitts David L. received a stock option grant for 40,865 shares.
3 July 2014director interest notice● Neutral
CARRIZO OIL & GAS INC Vice President - Land Smith Richard H received a stock option grant for 15,975 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP-Exploration Evans Gregory E sold 7,500 shares at $62.80.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director Roger A Ramsey exercised stock options for 4,300 shares and disposed of 4,300 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director Fulton Robert Fullarton exercised stock options for 3,200 shares and disposed of 3,200 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director Carter Thomas L Jr. exercised stock options for 3,650 shares and disposed of 3,650 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director F Gardner Parker exercised stock options for 5,150 shares and disposed of 5,150 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director Steven A Webster exercised stock options for 11,901 shares and disposed of 11,901 shares.
13 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC director Frank A Wojtek exercised stock options for 2,500 shares and disposed of 2,500 shares.
4 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
4 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC Vice President - Land Smith Richard H sold 10,000 shares at $60.00.
4 June 2014director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Operating Officer John Bradley Fisher exercised stock options for 4,268 shares and disposed of 12,536 shares.