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Clayton Williams Production Up 13% Over Year
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Clayton Williams Energy, Inc. has reported its financial results for the third quarter 2014.
Quarter Highlights Oil and Gas Production of 15,586 BOE/d, up 13% (21% PF for Asset Sales) Adjusted Net Income1 (non-GAAP) of $17.4 million, in line with consensus estimates EBITDA2 (non-GAAP) of $78.1 million, up 14% Lifting Costs Averaged $14.19 per BOE, down 11% Financial Results for the Third Quarter of 2014The key factors affecting the comparability of financial results for 3Q14 versus 3Q13 were:
The Company sold all of its interests in certain non-core Austin Chalk/Eagle Ford assets in March 2014 and sold 95% of its Andrews County Wolfberry assets in April 2013. As a result, reported oil and gas production, revenues and operating costs for the quarter and nine months ended September 30…- ✓ Full news archive — U.S., Canada & international coverage
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