Tag: Clayton Williams Energy

Clayton Williams Energy sells East Central Texas assets for $400 million

Clayton Williams Energy sells East Central Texas assets for $400 million

Clayton Williams Energy says funds will be used to expand into Delaware Basin, improve balance sheet Midland, Texas-Clayton Williams Energy, Inc. says it has entered into a definitive purchase and sale agreement with a third party to sell substantially all its assets in the Giddings area in East Central Texas for $400 million. Clayton Williams Energy (NYSE: […]

Clayton Williams Energy suffers Q2 loss, refocuses on Delaware Basin

Clayton Williams Energy suffers Q2 loss, refocuses on Delaware Basin

Clayton Williams has oil and gas production of 13.6 MBOE/d Clayton Williams Energy, Inc. announced a Q2 net loss of $73.8 million, with a plan focused on the development of its 65,000 net acre position in the southern Delaware Basin. Production costs in Q2 were $19.2 million versus $23.1 million in Q2 2015 due to lower oilfield […]

Midland-based Clayton Williams Energy loses $35.3M loss in Q1

Midland-based Clayton Williams Energy loses $35.3M loss in Q1

MIDLAND, Texas- Clayton Williams Energy, Inc. recorded another losing quarter, a Q1 a net loss of $35.3 million, or $2.90 per share, as compared to a net loss of $18.2 million, or $1.50 per share, for Q4 2015. Adjusted net loss (non-GAAP) for 1Q16 was $30.7 million, or $2.53 per share, as compared to adjusted net loss1 (non-GAAP) of […]

Permian Basin News: Clayton Williams Energy reports $98 million loss for 2015

Permian Basin News: Clayton Williams Energy reports $98 million loss for 2015

Clayton William’s 2015 oil, gas and NGL production per BOE decreased 16% in 4Q15, revenue down, but costs $87.6 million v.s $105.3 million in 2014 MIDLAND, Texas – Low oil prices took their toll on Clayton Williams Energy as the company posted a lost of $98 million for 2015. Fiscal 2015 Results Oil and Gas Production […]

Clayton Williams Energy sells acreage, hedges production for 2016

Clayton Williams Energy sells acreage, hedges production for 2016

Clayton Williams Energy hedged 814,500 barrels of oil production during first half of 2016 at $40.25 per barrel Midland-based Clayton Williams Energy, Inc. says it continues to consolidate operations in the face of low oil price, including selling acreage and hedging some production. The company announced it has completed a swap of non-producing acreage in the core […]

By January 19, 2016 0 Comments Read More →
Clayton Williams Energy announces borrowing base redetermination, covenants extension

Clayton Williams Energy announces borrowing base redetermination, covenants extension

Revolving credit facility at Sept. 30 totaled $298.1 million after allowing for outstanding advances, letters of credit MIDLAND, Texas – Clayton Williams Energy, Inc. 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 […]

By November 12, 2015 0 Comments Read More →
Clayton Williams Energy loses $9.4 million in Q3  2015, may be for sale

Clayton Williams Energy loses $9.4 million in Q3 2015, may be for sale

Clayton Williams Energy cash flow for 9-month period in 2015 was $55 million, compared to $211.7 million during same period in 2014 The oil and gas downturn has hit Midland, Texas-based Clayton Williams Energy, Inc. particularly hard, judging by third quarter financial statements, which the company released Thursday. Clayton Williams Energy reported a net loss […]

By November 6, 2015 0 Comments Read More →
Clayton Williams Energy may be exploring sale

Clayton Williams Energy may be exploring sale

Clayton Williams Energy shares traded as high as $69.37 on Wednesday Midland, Texas-based Clayton Williams Energy, Inc. may be putting itself up for sale after announcing that it has begun a review of “strategic alternatives” and hired Goldman, Sachs & Co. to provide advice. Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) today announced that its Board of Directors […]

By October 15, 2015 1 Comments Read More →