Clayton Williams Energy Inc. (NYSE: CWEI) (the “Company” or “we”) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) for up to $100,000,000 aggregate principal amount (the “Tender Cap”) of its outstanding 7.75% Senior Notes due 2019 (CUSIP No. 969490AE1) (the “Notes”). The Tender Offer expired at [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) announced today that it has closed its previously announced sale of 5,051,100 shares of common stock to funds managed by Ares Management, L.P. (“Ares”) (NYSE: ARES) for cash proceeds of $150 million, or approximately $29.70 per share. In addition, the Company announced that Ronald D. Scott was appointed to the Board of Directors, effective [...]
Clayton Williams Energy Inc. (NYSE:CWEI) (the “Company,” “we” or “us”) announced today that, as of 5:00 p.m., New York City time, on August 10, 2016, it had received tenders of approximately $130.9 million aggregate principal amount of its outstanding 7.75% senior notes due 2019 (CUSIP No. 969490AE1) (the “Notes”), pursuant to the Company’s previously announced cash [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE: CWEI) announced revised GAAP net losses for the three months and six months ended June 30, 2016 to account for a change in tax expense associated with charges related to fair value of common stock warrants. The Company revised its estimated annualized effective income tax rate from a benefit of 35.1% to a benefit of 30.8% of pre-tax loss for the six months [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today provided an update on 2016 development plans and operations. Development Plans for Remainder of 2016 The Company is focused on the development of its 65,000 net acre position in the southern Delaware Basin. To date this year, the Company has drilled four horizontal Wolfcamp wells in Reeves County, of which two are on production and two are drilled [...]
Clayton Williams Energy, Inc. (NYSE: CWEI) today filed a Form 8-K with the Securities and Exchange Commission to provide financial guidance disclosures for the year ending December 31, 2016. A copy of these disclosures accompanies this release or may be obtained electronically by accessing the Company’s website at www.claytonwilliams.com. Clayton Williams Energy Inc. is an independent energy company located in [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today reported its financial results for the second quarter of 2016. Summary Oil and Gas Production of 13.6 MBOE/d Net Loss of $73.8 million; Adjusted Net Loss1 (non-GAAP) of $34.3 million Cash Flow from Operations of $(16.6) million; EBITDAX2 (non-GAAP) of $13.4 million Liquidity of $255.7 million Recent Actions to Improve Balance Sheet Financial [...]
Clayton Williams Energy Inc. (NYSE: CWEI) (the “Company,” “we” or “us”) today announced that it has commenced a modified “Dutch Auction” cash tender offer (the “Tender Offer”) to purchase up to $100,000,000 aggregate principal amount (the “Tender Cap”) of its 7.75% senior notes due 2019 (the “Notes”). The Tender Offer will expire at 11:59 [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE: CWEI) is updating the time of its second quarter results conference call on Wednesday, August 3, 2016, to 10:30 a.m. Eastern Time (9:30 a.m. Central Time). The Company expects to issue the news release sometime before the market opens on Wednesday, August 3, 2016. A live webcast and separate slide show presentation will be available for investors and analysts [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) announced today the sale of 5,051,100 shares of common stock to funds managed by Ares Management, L.P. (NYSE: ARES) for cash proceeds of $150 million, or approximately $29.70 per share. Proceeds from this sale will provide additional liquidity for potential debt reduction transactions related to its 2019 Senior Notes and for developmental drilling on its [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) will hold its second quarter results conference call on Wednesday, August 3, 2016, at 11:30 a.m. Eastern Time (10:30 a.m. Central Time). The Company expects to issue the news release sometime before the market opens on Wednesday, August 3, 2016. A live webcast and separate slide show presentation will be available for investors and analysts on the [...]
DENVER, CO--(Marketwired - Jun 30, 2016) - EnerCom, Inc. will host The Oil & Gas Conference® 21 on August 14-18, 2016, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can register for the event and find the preliminary list of presenters on the conference website. Conference Details: The Oil & Gas Conference® 21 offers investment professionals the opportunity to listen to senior [...]
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