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Clayton Williams Touts First Slickwater Completion in Q3
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Clayton Williams reported its financial results for the third quarter of 2016.
First Slickwater Completion:
The Collier 34-51 #1H, the Company's first slick water completion, that had an initial seven day flow-back of just over 2,100 BOE per day continues to perform above our expectations. The peak 30-day production from this well averaged 2,089 BOE per day (82% Oil, 9% NGL). Highlights: Oil and Gas Production of 14 MBOE/d Cash Flow from Operations of $24.1 million; EBITDAX2 (non-GAAP) of $18.4 million Liquidity of $321.1 million, including cash and short-term investments Sold Glasscock County, Texas assets for $19.4 million Announced sale of Giddings Area assets for $400 million Recent Actions to Improve Balance SheetOperational Update
During 3Q16, the Company drilled and completed…
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