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 first quarter of 2016. Summary Oil and Gas Production of 13.6 MBOE/d Net Loss of $35.3 million; Adjusted Net Loss1 (non-GAAP) of $30.7 million Cash Flow from Operations of $0.5 million; EBITDAX2 (non-GAAP) of $9.5 million Liquidity of $283 million, including cash of $185 million Financial Results for the [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE: CWEI) will hold its first quarter results conference call on Thursday, May 5, 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 Thursday, May 5, 2016. A live webcast and separate slide show presentation will be available for investors and analysts on the [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today announced the resignation of Robert L. Parker from the Company’s Board of Directors (the “Board”) effective March 30, 2016. Mr. Parker had served as a director of the Company since 1993 and at the time of his resignation served as chairman of the audit committee and served on the compensation committee and the nominating and [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today announced that it had entered into three new swap agreements covering a portion of its expected oil production, as follows: 124,000 barrels for May 2016 through June 2016 at $41.18 per barrel; 343,000 barrels for July 2016 through December 2016 at $42.70 per barrel; and 315,500 barrels from January 2017 through June 2017 at $44.30 per barrel. The [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) announced today that it has closed its previously announced term loan transaction with funds managed by Ares Management, L.P. (NYSE: ARES) (“Ares”). Aggregate cash proceeds from the transaction of approximately $340 million, net of transaction costs, were used to fully repay the Company’s outstanding indebtedness under its revolving [...]
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 quarter and year ended December 31, 2015. Highlights Fiscal 2015 Results Oil and Gas Production of 15.8 MBOE/d Adjusted Net Loss1 (non-GAAP) of $70.4 million EBITDAX2 (non-GAAP) of $112.1 million Year-End 2015 Reserves Total Proved Reserves of 46.6 MMBOE 61% of 2015 Production Replaced by Reserve Additions [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) announced today that it has entered into a credit agreement with certain funds managed by Ares Management, L.P. (NYSE: ARES) (the “Lenders”) providing for the Lenders to make secured term loans to the Company in the principal amount of $350 million. The Company also has agreed to issue to the Lenders warrants to purchase 2.25 million shares [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE: CWEI) will hold its fourth quarter 2015 and Year End 2015 results conference call on Thursday, March 10, 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 Thursday, March 10, 2016. A live webcast for investors and analysts will be available on the Company’s [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) previously disclosed that its Board of Directors had initiated a review of strategic alternatives to enhance shareholder value and had engaged Goldman, Sachs, & Co. to serve as financial adviser in that process. The Company confirmed today that this strategic review is ongoing, and that the Board and its advisers are actively considering possible [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE: CWEI) today provided an update on recent transactions. Southern Delaware Basin The Company reported that it had completed a swap of non-producing acreage in the core of its Southern Delaware position in Reeves County, Texas with the operating subsidiary of Concho Resources Inc. (“Concho”) (NYSE: CXO). Substantially all of the acreage subject to [...]
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