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Company Description (as filed with the SEC)
Clayton Williams Energy, Inc., incorporated in Delaware in 1991, is an independent oil and gas company engaged in the exploration for and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. Unless the context otherwise requires, references to the “Company,” “CWEI,” “we,” “us” or “our” mean Clayton Williams Energy, Inc. and its consolidated subsidiaries. On December 31, 2013, our estimated proved reserves were 70,015 MBOE, of which 55% were proved developed. Our portfolio of oil and natural gas reserves is weighted in favor of oil, with approximately 82% of our proved reserves at December 31, 2013 consisting of oil and natural gas liquids (“NGL”) and approximately 18% consisting of natural gas. During 2013, we added proved reserves of 27,666 MBOE through extensions and discoveries, had downward revisions of 901 MBOE and had sales of minerals-in-place of 26,852 MBOE. We also had average net production of 14. ... More ...