Carrizo raises 2014 production growth target, sees Q4 output above guidance

|About: Carrizo Oil & Gas, Inc. (CRZO)|By:, SA News Editor

Carrizo Oil & Gas (CRZO) +1.8% premarket after raising its 2014 crude oil production growth target to 50% from 40%-plus (17K-17.8K bbl/day) and reporting preliminary Q4 crude oil production of 13,029 bbl/day, above the high end of guidance.

Increases its planned Eagle Ford Shale completions in 2014 to 49 net wells due to the high returns generated from the play plus drilling and completion efficiencies.

Increasing its FY 2014 drilling and completion capital expenditure plan by $50M to $650M-$670M.