Operational Updates | Capital Markets | Private Equity Activity
Clayton Williams Energy Announces 2011 Financial Results and Year-End Reserves
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Clayton Williams Energy, Inc. (the "Company") (NASDAQ:CWEI) today reported its financial results for the quarter and year ended December 31, 2011, along with information about its proved oil and gas reserves as of December 31, 2011.
Highlights
2011 Cash Flow from Operations of $280 Million, up 34% Total Proved Reserves of 64.3 Million BOE, up 26% 77% Oil and NGL and 61% Proved Developed 384% of 2011 Production Replaced by Reserve AdditionsFinancial Results for Fiscal Year 2011
Net income attributable to Company stockholders for fiscal 2011 was $93.8 million, or $7.71 per share, as compared to net income of $36.9 million, or $3.04 per share, for fiscal 2010. Cash flow from operations for 2011 was $280 million as compared to $208.3 million for 2010. The key factors affecting the…
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