8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  December 8, 2008

CARRIZO OIL & GAS, INC.

(Exact name of registrant as specified in its charter)

Texas	000-22915	76-0415919
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation)	File Number)	Identification No.)

1000 Louisiana Street Suite 1500 Houston, Texas	77002
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (713) 328-1000

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

On December 8, 2008, S.P. Johnson IV, the Chief Executive Officer of Carrizo Oil & Gas, Inc. (the “Company”), disclosed the information furnished in Exhibit 99.1 to this current report to the participants in an investor conference.  The 2009 estimated information furnished in Exhibit 99.1 contains preliminary estimates that may change and are subject to approval by the Board of Directors of the Company.

Statements in the information furnished in Exhibit 99.1, including but not limited to those relating to the Company’s or management’s intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, including the Company’s 2009 capital program and other statements that are not historical facts are forward looking statements that are based on current expectations.  Although the Company 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 the results and dependence on exploratory drilling activities, operating risks, oil and gas price levels, land issues, availability of equipment, weather, approval of the 2009 capital program by the Board of Directors and other risks described in the Company’s Form 10-K for the year ended December 31, 2007 and its other filings with the Securities and Exchange Commission.

None of the information furnished in Item 7.01 and the accompanying exhibit will be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor will it be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.  The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Company, that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

Item 9.01.                                Financial Statements and Exhibits.

(d)           Exhibits.

Exhibit Number	Description
99.1	Investor Conference Information.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CARRIZO OIL & GAS, INC.

By:  /s/ Paul F. Boling

Name:  Paul F. Boling

Title:     Vice President and Chief Financial Officer

Date:  December 8, 2008

EXHIBIT INDEX

99.1 Investor Conference Information.

EX-99.1

Exhibit 99.1

Capital will be focused primarily in Barnett drilling.

$US Millions
			2nd Half
Category	2007		2008 est.		2008 est.		2009 est.
Drilling
Barnett Shale	$	131.5	$	143.0	$	235.0	$	180.0
Other Shales		0.8		2.0		3.0		0.0
Gulf Coast		28.5		4.0		19.0		6.0
North Sea		9.4		3.0		5.0		2.0
Camp Hill		3.6		3.0		4.0		2.0
Other Texas		0		2.0		5.0		2.0
Total Drilling	$	173.8	$	157.0	$	271.0	$	192.0
Land Acquisition
Barnett Shale	$	30.8	$	43.0	$	169.0	$	12.0
Marcellus		0		14.0		65.0		0.0
Other		14.5		9.0		21.0		2.0
Total Land Acquisition	$	45.3	$	66.0	$	255.0	$	14.0
Seismic and Other	$	5.6	$	6.0	$	5.0	$	5.0
Total Capex	$	224.7	$	229.0	$	531.0	$	211.0