Carrizo Oil & Gas Inc. (Nasdaq: CRZO) provided an update on its 2012 US proved reserves.

According to the release, Carrizo’s 2012 US proved reserves were 115.1 million barrels of oil equivalent, including record proved oil reserves of 39.1 million barrels of oil, which was a 58% increase year on year. The PV-10 proved reserves were a value of US $1.4 billion, a 64% increase year on year. The 2012 production was 9.4 million barrels of oil equivalent, a 26% increase year on year, including fourth quarter production above guidance ...