Carrizo Oil & Gas reports Q1 oil production of 15,022 Bbls/d

Production volumes during Q1 were 2,388 MBoe, or 26,533 Boe/d, roughly flat with the first quarter of 2013. The flat year-over-year production during the quarter was due to the sale of the company's remaining oil and gas properties in the Barnett Shale on October 31, 2013. Adjusting for the sale of the Barnett Shale, production increased 48% versus the prior year quarter. Oil production during the quarter averaged 15,022 Bbls/d, while natural gas and NGL production averaged 69,044 Mcfe/d. First quarter production exceeded the high end of Company guidance due to strong performance from the company's Eagle Ford Shale, Utica Shale, and Marcellus Shale assets, which more than offset the impact of weather-related downtime in the Niobrara.

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