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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 2)
Under the Securities Exchange Act of 1934*
Carrizo Oil & Gas, Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
________________________________________________________________________________
(Title of Class of Securities)
144577 10 3
________________________________________________________________________________
(CUSIP Number)
Douglas A.P. Hamilton
462 Broadway, Second Floor
New York, New York 10013
(212) 219-3935
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 18, 1997
________________________________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page should be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 144577 10 3
____________________________________________________________________________________________________
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Douglas A.P. Hamilton
____________________________________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
____________________________________________________________________________________________________
(3) SEC Use Only
____________________________________________________________________________________________________
(4) Source of Funds
OO
____________________________________________________________________________________________________
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
[ ]
____________________________________________________________________________________________________
(6) Citizenship or Place of Organization
United States of America
____________________________________________________________________________________________________
Number of (7) Sole Voting Power 800,796 Shares
Shares Bene- __________________________________________________________________________
ficially (8) Shared Voting Power 0 Shares
Owned by __________________________________________________________________________
Each Report- (9) Sole Dispositive Power 800,796 Shares
ing Person __________________________________________________________________________
With (10) Shared Dispositive Power 0 Shares
____________________________________________________________________________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
800,796 Shares
____________________________________________________________________________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
____________________________________________________________________________________________________
(13) Percent of Class Represented by Amount in Row (11)
7.7%
____________________________________________________________________________________________________
(14) Type of Reporting Person (See Instructions) IN
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INTRODUCTORY NOTE.
This Amendment No. 2 to Schedule 13D is being filed on behalf of Douglas
A.P. Hamilton ("Mr. Hamilton"), to supplement certain information set forth in
the Schedule 13D relating to securities of Carrizo Oil & Gas, Inc., a Texas
corporation (the "Company"), originally filed by Mr. Hamilton on August 21, 1997
and amended by Amendment No. 1 dated September 3, 1997 (as so amended, the
"Original Statement"), with respect to the Common Stock, par value $.01 per
share (the "Common Stock"), of the Company. Unless otherwise indicated, each
capitalized term used but not defined herein shall have the meaning assigned to
such term in the Original Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Mr. Hamilton beneficially owns an aggregate of 800,796 shares of Common
Stock (approximately 7.7% of the 10,375,000 shares outstanding (as reported in
the Company's Form 10-Q for the quarter ended September 30, 1997)). Mr. Hamilton
has the sole power to vote and dispose of the shares of Common Stock
beneficially owned by him. On November 18, 1997, Mr. Hamilton transferred,
without consideration, 200,000 shares of Common Stock to the Douglas A.P.
Hamilton 1997 GRAT (the "GRAT"). The GRAT is a grantor retained annuity trust
created under a Trust Agreement dated October 14, 1997 between Mr. Hamilton as
Grantor and Kim E. Baptiste, as Trustee. Mr. Baptiste as Trustee has the sole
power to vote or dispose of the shares of Common Stock. During the first five
years of the GRAT, Mr. Hamilton is the sole beneficiary. After that period,
certain of Mr. Hamilton's relatives will be discretionary beneficiaries. Mr.
Hamilton is also among the beneficiaries of a charitable remainder trust that is
the limited partner of DAPHAM Partnership L.P., which beneficially owns 395,960
shares of Common Stock. See Item 6, Contracts,
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Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer, of the Original Statement for a discussion of Mr. Hamilton's options.
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After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct. Date: November 19, 1997.
/s/ DOUGLAS A.P. HAMILTON
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Douglas A.P. Hamilton
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