UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (date of earliest event reported): September 4,
2007
CARRIZO
OIL & GAS, INC.
(Exact
name of registrant as specified in its charter)
Texas
|
000-29187-87
|
76-0415919
|
(State
or other jurisdiction of
|
(Commission
|
(I.R.S.
Employer
|
incorporation)
|
File
Number)
|
Identification
No.)
|
|
|
|
1000
Louisiana Street
Suite
1500
Houston,
Texas
|
77002
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
|
Registrant’s
telephone number, including area code: (713)
328-1000
Not
applicable
(Former
name or former address, if changed since last report.)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
]
|
Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR
230.425)
|
[
]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
[
]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
|
[
]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
|
Item
7.01 Regulation
FD Disclosure.
On
September 4, 2007, registrant issued a press release entitled “Carrizo Oil &
Gas, Inc. Announces Drilling of Appraisal Well at Huntington in UK North
Sea;
Additional S.E. Tarrant County Barnett Shale Wells Flowing to
Sales.” The text of the press release is as follows:
CARRIZO
OIL & GAS, INC. ANNOUNCES DRILLING OF APPRAISAL WELL AT HUNTINGTON IN UK
NORTH SEA; ADDITIONAL S.E. TARRANT COUNTY BARNETT SHALE WELLS FLOWING TO
SALES
HOUSTON,
September 4, 2007 -
Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) announced today that the
initial appraisal well, the 22/14b-6, was spud on August 30, 2007 on the
Huntington Prospect in the UK Central North Sea. This is the first of
two planned appraisal wells which will confirm and delineate the size
of our recent 11,000 Boe/d discovery announced on June 5,
2007. Oilexco (OIL.TO) is the operator of this Carrizo generated
prospect which is being drilled with the semi-submersible Transocean Sedco
712. Carrizo has a 15 percent working interest in the
well. Expected drilling and testing time is approximately two
months.
Carrizo
also announced that two additional South East Tarrant County, Texas Barnett
Shale wells began flowing to sales on August 26, 2007. The Schroeder
No. 1H and No. 2H, in which Carrizo has a 100 percent working interest in
both
wells, are producing at a combined rate of 8.3 MMcfe/d gross (6.5 MMcfe/d
net)
as of Friday, August 31, 2007.
Carrizo
Oil & Gas, Inc., is a Houston-based energy company actively engaged in the
exploration, development, exploitation and production of oil and natural
gas
primarily in proven onshore trends along the Texas and Louisiana Gulf Coast
regions and the Barnett Shale area in North Texas. Carrizo controls
significant prospective acreage blocks and utilizes advanced 3-D seismic
techniques to identify potential oil and gas reserves and drilling
opportunities.
Statements
in this news release, including but not limited to those relating to Carrizo’s
or management’s intentions, beliefs, expectations, hopes, projections,
assessment of risks, estimations, plans or predictions for the future, including
testing, evaluation, potential effects or timing, cash flow, the expected
timing
of drilling, the expected timing of fracture stimulation, amount of shut-in
production, well production rates, future drilling and completion of current
drilling of wells, timing of production, availability and timing of use of
drilling rigs and other statements that are not historical facts are forward
looking statements that are based on current expectations. Although
the Company believes that its expectations are based on reasonable assumptions,
it can give no assurance that these expectations will prove
correct. Important factors that could cause actual results to differ
materially from those in the forward looking statements include the results
and
dependence on exploratory drilling activities, results of testing, evaluation,
timing, growth of Huntington, structure size, results of any drilling
operations, amount of actual production, final test results, operating risks,
risks of foreign operation, risks of offshore operations, oil and gas price
levels, land issues, availability of equipment, weather and other risks
described in the Company’s Form 10-K for the year ended December 31, 2006 and
its other filings with the Securities and Exchange Commission.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
CARRIZO
OIL & GAS, INC.
By: /s/
Paul F. Boling
Name:
Paul F. Boling
Title:
Vice President and Chief Financial Officer
Date: September
4, 2007