Carrizo Oil & Gas (CRZO) plans to spend $500M on drilling and completion in the coming year, with activities concentrated on the Eagle Ford shale, and aims to hike oil output by 28% Y/Y in 2013 while natural gas output declines 3%. Q4 oil and natural gas production is expected near the high end of guidance of 8.1-8.7K bbl/day and 88-99M cf/day, respectively.
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