Clayton Williams Energy, Inc. (NYSE: CWEI) today announced that it has completed the scheduled semiannual borrowing base redetermination of its revolving credit facility and has extended the temporary covenant amendments originally set for expiration in 2016. Effective November 9, 2015, the borrowing base and aggregate lender commitment under the Company’s revolving credit facility is $450 million, down 10% from the [...]
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, 2015. 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 third quarter 2015. Summary Oil and gas production of 15.6 MBOE/d Adjusted net loss1 (non-GAAP) of $14.9 million EBITDAX2 (non-GAAP) of $28.7 million Core drilling suspended pending improvement in oil prices Sold South Louisiana assets for $11.8 million in September 2015 Terminated VPP covering 277 MBOE in [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) will hold its third quarter results conference call on Thursday, November 5, 2015, 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, November 5, 2015. A live webcast for investors and analysts will be available on the Company’s website at [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today announced that its Board of Directors has initiated a review of strategic alternatives to enhance shareholder value and has engaged Goldman, Sachs & Co. to serve as its exclusive financial adviser in that process. Potential strategic alternatives to be considered during the review may include the sale of certain of the Company’s core assets [...]
Clayton Williams Energy, Inc. (NYSE:CWEI) today announced that it will present at the Johnson Rice & Company 2015 Energy Conference. The presentation is scheduled for Monday, September 28, 2015 at 3:35 pm CT at the Hotel Monteleone, 214 Royal St., New Orleans, Louisiana. The related presentation will be available on the Company’s website at www.claytonwilliams.com. Clayton Williams Energy Inc. is an independent [...]
Clayton Williams Energy, Inc. (NYSE:CWEI) today announced that it will present at Enercom’s The Oil & Gas Conference. The presentation is scheduled for Monday, August 17, 2015 at 1:30 pm MT at The Westin Denver Downtown, 1672 Lawrence Street, Denver, Colorado. The presentation and webcast will be available on the Company’s website at www.claytonwilliams.com and on The Oil & Gas Conference 19 website at [...]
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, 2015. 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 2015. Summary Core drilling suspended in early 2015; resumed at a two-rig pace in July 2015 Oil and gas production of 16.6 MBOE/d Adjusted net loss1 (non-GAAP) of $12.8 million EBITDAX2 (non-GAAP) of $37 million Financial Results for the Second Quarter of 2015 The Company reported a net loss [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) will hold its second quarter results conference call on Wednesday, August 5, 2015, at 2:30 p.m. Eastern Time (1:30 p.m. Central Time). The Company expects to issue the news release sometime after the market closes on Tuesday, August 4, 2015. A live webcast for investors and analysts will be available on the Company’s website at [...]
Work-in-Progress Presenter Schedule Now Posted; Enterprise Values of Presenting Companies Range From $9 million to $160 Billion DENVER, CO--(Marketwired - Jul 21, 2015) - EnerCom, Inc. will host The Oil & Gas Conference® 20, August 16-20, 2015, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver. Investment and oil and gas professionals [...]
Clayton Williams Energy Inc. (the “Company”) (NYSE:CWEI) today announced that it had sold approximately 3,700 net acres in Burleson County, Texas (the “Acreage”) for cash consideration of $22.1 million. The Acreage, located east of the Company’s contiguous acreage block, was sold under a term assignment that terminates on October 27, 2015 unless the buyer commences a 90-day continuous [...]