Carrizo Oil & Gas, Inc. Announces Appointment of Robert F.

Carrizo Oil & Gas, Inc. Announces Appointment of Robert F. Fulton to
Board of Directors 
HOUSTON, TX -- (Marketwire) -- 11/30/12 --  Carrizo Oil & Gas, Inc.
(NASDAQ: CRZO) today announced the appointment of Robert F. Fulton to
its Board of Directors, effective immediately. 
Mr. Fulton, age 61, an independent director, will also serve on the
Compensation Committee and the Nominating and Corporate Governance
Committee. His appointment increases the size of the Carrizo Board to
seven members. 
Mr. Fulton has served as a director of Basic Energy Services since
2001. He served as President and Chief Executive Officer of Frontier
Drilling ASA, an offshore oil and gas drilling and production
contractor, from September 2002 through July 2010. From December 2001
to August 2002, Mr. Fulton managed personal investments. Prior to
December 2001, Mr. Fulton spent most of his business career in the
energy service and contract drilling industry. He served as Executive
Vice President and Chief Financial Officer of Merlin Offshore
Holdings, Inc. from August 1999 until November 2001. From 1998 to
June 1999, Mr. Fulton served as Executive Vice President of Finance
for R&B Falcon Corporation, during which time he closed the merger of
Falcon Drilling Company with Reading & Bates Corporation to create
R&B Falcon Corporation and then the merger of R&B Falcon Corporation
with Cliffs Drilling Company. He graduated with a B.S. degree in
Accountancy from the University of Illinois and an M.B.A. in finance
from Northwestern University. 
Carrizo President and CEO, S. P. "Chip" Johnson, IV, commented, "We
are very pleased to welcome Mr. Fulton to our Board of Directors. He
has extensive energy industry experience and a wealth of
understanding of financial matters that should further bolster our
Board's guidance and council. He will be of immense value to Carrizo
as we continue to develop our assets and grow the Company into the
Carrizo Oil & Gas, Inc. is a Houston-based energy company actively
engaged in the exploration, development, and production of oil and
gas primarily in the United States and United Kingdom. Our current
operations are principally focused in proven, producing oil and gas
plays primarily in the Eagle Ford Shale in South Texas, the Niobrara
 in Colorado, the Barnett Shale in North Texas, and the
Marcellus Shale in Pennsylvania, New York and West Virginia. 
Statements in this news release that are not historical facts,
including but not limited to those related to the Company's or
management's intentions, beliefs, expectations, hopes, projections,
assessment of risks, estimations, plans or predictions for the
future, and other statements that are not historical facts are
forward-looking statements that are based on current expectations.
Although Carrizo 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 market and other conditions, capital needs and
uses, commodity price changes, effects of the global economy on
exploration activity, results of and dependence on exploratory
drilling activities, operating risks, right-of-way and other land
issues, availability of capital and equipment, weather, and other
risks described in Carrizo's Form 10-K for the year ended December
31, 2011 and its other filings with the Securities and Exchange
Carrizo Oil & Gas, Inc.
Richard Hunter
Vice President of Investor Relations
Paul F. Boling
Chief Financial Officer
(713) 328-1000 
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