Carrizo Oil and Gas Inc is an energy company based in Houston, Texas. This energy company is connected in the development, production and exploration of natural oil and gas. The focal point of the present business is the Barnett Shale area in North Texas, in producing natural oil and natural gas geologic patterns along the shore of the Gulf Coast in Louisiana and Texas, and in the North Sea of United Kingdom where two important Carrizo produced discoveries were created in the 2nd quarter of 2007.

The company have expanded their production by their 3-dimensional seismic-driven exploratory drilling method. From the company’s foundation through December 2007, they had 604 well drilling with 71% success rate in their onshore Gulf Coast field and 100% in the Barnett Shale. These wells are 79% of the total number of drilled wells.

According to the 2007 financial report of Carrizo’s finance department, there is 3,246 shares of stocks that are connected to the yielded shares of common stocks to meet the withholding tax of the company. This is considered to be vesting stocks given to the staff of the company.

As a main element of Carrizo Oil’s business strategy, they have obtained licenses for more than 12,385 square miles of 3-dimensional seismic fact for procedures and assessment. One of the basic strengths of the company is the experience of the technical and management employees in the improvement, analysis and processing of the 3-D facts to produce and drill oil and gas prospects. The operating and technical staffs have an average of more than 20 years experience in the industry, in many scenarios with major and big independent gas and oil firms. Employing their 3-D seismic software, their highly competent qualified technical employees are continually refining their substantial list of drilling locations.