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Clayton Williams Touts Delaware Wolfcamp IP Rates
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Clayton Williams Energy, Inc. has reported its financial results for the first quarter 2014.
Highlights: Oil and Gas Production of 15,474 BOE/d, up 3% (25% PF for Asset Sales) Cash Flow from Operations of $79.3 million, up 79% Peak 30-Day Production Rates Continue to Improve New Five-Year Credit Facility In Place Operations Update Permian WolfcampPresently, the Company has 14 Wolfcamp A horizontal wells in Reeves County, Texas that have been on production for 30 or more days. The peak 30-day production rate for all 14 of these wells has averaged 756 BOE per day (78% oil; 10% NGL), with the last 10 wells averaging 889 BOE per day.
The Company’s first Wolfcamp C well has been on production for less than 30 days, but early production results suggest that its peak 30-day rate may compare…
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