J.
Bradley Fisher has served as Vice President and Chief Operating Officer since
March 2005. Prior to that time, he served as Vice President of Operations since
July 2000 and General Manager of Operations from April 1998 to June 2000. Prior
to joining us, Mr. Fisher was the Vice President of Engineering and Operations
for Tri-Union Development Corp. from August 1997 to April 1998. He spent the prior
14 years with Cody Energy and its predecessor Ultramar Oil & Gas Limited where
he held various managerial and technical positions, last serving as Senior Vice
President of Engineering and Operations. Mr. Fisher holds a B.S. degree in Petroleum
Engineering from Texas A&M University. Jack L. Bayless
has served as Vice President of Land since October of 2005. Prior to joining Carrizo,
Mr. Bayless held the position of Land Manager for Union Oil Company of California
from January of 2003 through September of 2005 managing both onshore and offshore
operating areas including Unocal’s deep water Gulf of Mexico efforts. Prior to
Unocal, Mr. Bayless held Land Manager positions with Pure Resources from 2001
through 2002 and the Petroleum and Minerals Division of International Paper (IP
Petroleum) from 1993 through 2000 as well as senior level positions at Elf Aquitaine
from 1985 through 1992 and Gulf Oil Corporation from 1981 through 1984. He has
managed land activities in the Gulf Coast, the Gulf of Mexico shelf and deep water,
the Rockies, Alaska and the Michigan basin. Mr. Bayless is a Certified Professional
Landman with a BBA in Petroleum Land Management from the University of Oklahoma.
PART II Item
5. Market for Registrant’s Common Stock, Related Shareholder Matters and Issuer
Purchases of Equity Securities Our common stock,
par value $0.01 per share, trades on the Nasdaq National Market under the symbol
CRZO. The following table sets forth the high and low bid prices per share of
our common stock on the Nasdaq National Market for the periods indicated. The
sales information below reflects interdealer prices, without retail mark-ups,
mark-downs or commissions and may not necessarily represent actual transactions. 
The
closing market price of our common stock on March 1, 2006 was $23.97 per share.
As of March 1, 2006, there were an estimated 100 record owners of our common stock.
We have not paid any dividends on our common
stock in the past and do not intend to pay such dividends in the foreseeable future.
We currently intend to retain any earnings for the future operation and development
of our business, including exploration, development and acquisition activities.
Our credit facilities restrict our ability to pay dividends. See “Management’s
Discussion and Analysis of Financial Condition and Results of Operations—Liquidity
and Capital Resources.” Item 6. Selected Financial
Data Our financial information set forth below
for each of the five years in the period ended December 31, 2005, has been derived
from our audited consolidated financial statements, including restatements described
in “Management’s Discussion and Analysis of Financial Condition and Results of
Operations”. The information should be read in conjunction with such section and
our consolidated financial statements and related notes included in Item 8. Financial
Statements and Supplementary Data. | 
