Benefits

Carrizo Oil & Gas, Inc. employs self-motivated individuals who desire to work hard, resulting in a positive bottom-line impact on the company and career progression of our employees. Carrizo Oil & Gas, Inc., with corporate offices in Houston, offers a highly competitive compensation and benefits package, including bonus earnings potential and restricted stock incentives. Our benefit plan is designed to meet the diverse needs of our employees and their families.

Health Insurance
Effective the first of the month after your employment starts with approximately 90% of premiums employer-paid for you and your eligible dependents. Our plan is within a PPO network and offers medical and prescription coverage.

Dental and Vision Insurance
Effective the first of the month after your employment starts with 100% of the premiums paid on the behalf of you and your eligible dependents.  Both dental and vision are offered within a PPO network.

Basic Life Insurance
Carrizo provides group life insurance up to two times your annual base salary and again, at NO cost to the employee.

Disability Insurance
Carrizo offers short-term and long-term disability benefits that provide eligible employees with income protection for an injury or illness after a waiting period of 14 days. This is a company-paid premium with a benefit of up to 60% of your weekly earnings in the case of a disability.

AD&D Insurance
Our Accidental Death and Dismemberment benefit is offered to our benefit-eligible employees, at NO cost to the employee.

401(k)
Carrizo offers a 401(k) savings plan in which you can enroll and defer before-and/or-after tax contributions. The company matches 100% of the first 6% of employee contributions and employees are fully vested after five years.

Flexible Spending Account and Dependent Care Spending Account
These IRS-regulated benefits provide the option of deferring pre-tax dollars towards qualifying expenses. The Flexible Spending Account allows for up to $2,550 to be set aside for qualifying and unreimbursable out-of-pocket medical expenses, and the Dependent Care Spending Account allows for up to $5,000 to be set aside for the care of qualifying dependents.

Paid Leave
In addition to paid holidays, Carrizo provides vacation starting at three weeks per year, and a yearly sick leave allowance.

Voluntary Benefits
Carrizo provides its employees the opportunity to purchase voluntary benefits at group rates.  These benefits include: Pre-Paid Legal Services; Identity Theft Monitoring; and Supplemental Life Insurance for the employee, spouse and dependents.  These benefits, if elected, are conveniently set up as payroll deductions.