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Carrizo Oil & Gas Inc
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2016 Johnson Rice Energy Conference
| Chip Johnson | Page 14 of 11 |
November 21, 2024
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Eagle Ford Shale Well Economics Summary Type Curve Core Tier 1 Total Well Cost $4.1 MM $4.3 MM Frac Stages 25.8 26.7 Lateral Length 6,200 ft. 6,400 ft. Percent of Inventory 82% 18% EUR Gross 530 Mboe 417 Mboe Oil Only 404 Mbo 238 Mbo Net 400 Mboe 329 Mboe F&D Cost $10.25 / Boe $13.07 / Boe IRR & NPV (1) $75 Oil IRR >200% 73% NPV $8.4 MM $3.2 MM $65 Oil IRR >150% 42% NPV $6.5 MM $2.0 MM $55 Oil IRR 99% 21% NPV $4.5 MM $0.9 MM $45 Oil IRR 50% NPV $2.6 MM NYMEX NPV10 Breakeven $31.75 $47.50 (1) Economics based on NYMEX prices and include ~$3.00/Bbl deduct for oil, $3.00/Mcf NYMEX gas price, NGL pricing 24% of NYMEX oil price. (2) Total well cost includes ~$285K for allocated infrastructure. Daily Production, BOPD Cum Production, MBO 0 15 30 45 60 75 90 105 120 135 150 165 180 195 210 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 0 2 4 6 8 10 12 14 16 18 20 22 24 Cumulative Oil, MBO Daily Average Oil, BOPD Producing Months