Carrizo Oil & Gas, Inc. says that Paul F. Boling, Vice President, Chief Financial Officer, Secretary, and Treasurer, has retired effective August 11, 2014. In order to ensure an orderly transition of responsibilities, Mr. Boling will stay on as a consultant as necessary.
In connection with Mr. Boling's retirement, Carrizo has named David L. Pitts, the Company's current Vice President and Chief Accounting Officer, as its new Chief Financial Officer and Treasurer in addition to his current positions.
S.P. "Chip" Johnson, IV, Carrizo's President and CEO, commented, "Paul has been with Carrizo for over 11 years. In that time he has contributed significantly to the growth of the Company from one with a market cap of less than $80 million to one with a market cap of more than $2.7 billion today. Paul's accomplishments and integral contribution to the Company's success are too numerous to mention, but included raising over $2.5 billion in senior notes, borrowing base and equity during his tenure. Carrizo is grateful that he will stay on to assist in the transition."