1st Quarter 2015 Financial Results Webcast April 30, 2015 NYSE: CWEI www.claytonwilliams.com Clayton Williams Energy, Inc.
Priorities Preserve liquidity Focus on efficiencies and cost reductions Maintain acreage positions Monitor market conditions Opportunities Formulate plan for future liquidity Optionality with assets Possible future divestitures of…
Permian Basin and Giddings Areas are two of the largest resource plays in the US CWEI has large contiguous acreage positions in both areas Permian Basin 170,000 net acres Giddings Area 175,000 net acres Permian Basin Over 1,000…
Resource Potential Stacked pay 5 potential producing benches being tested in the area 3,500 oil column from 8,000 - 11,500 Resource potential: 400 MMBOIP per section CWEIs Position in Play 66,000 net acres Over 400 locations…
Reeves Co. Area Highlights De-risked Wolfcamp A 22 horizontal wells on production Peak 30-day average: 741 BOE/d De-risked Wolfcamp C 3 horizontal wells on production 30 days Peak 30-day average: 765 BOE/d Upside potential with…
Area Highlights 175,000 net acre position 37 wells completed to date Peak 30-day average 480 BOE/d Significant acreage position HBP Eagle Ford Shale Established infrastructure BOE/d Model Well Profile Completed lateral length:…
20,000 17,193 16,000 15,690 Average Daily Production (BOE) 13,015 Delaware Basin 12,371 Eagle Ford 12,000 Other 8,000 4,000 0 2012 2013 2014 1Q 2015 8
1st Quarter Results Net Daily Production (MBOE) 17.2 Net Production 17.2 MBOE/d, up 14% pro forma(a) 15.4 1.5 6% By Product 18% 29% By Area Average Realized Prices: 1.6 2.6 NGL 1Q14 2.6 11% DB Oil - 43.90/Bbl Gas 36% PB Other…
Challenging Environment Working on cost reductions and containment Stay focused and watch for entry point Permian Basin Looking for acceptable profit margin Oil price stabilization Continue to work on production efficiencies…
Proved Reserves (MMBOE) Reserve replacement of 405% 80 Reserve Life 13.1 years 60 Trend is towards higher concentration in oil 40 75.4 75.4 70.0 20 0 2012 2013 2014 2014 Product Mix By Reserve Category 17% 100% 80% 42%…
Actual Estimated Ranges Estimated Ranges Three Months Ended Nine Months Ending Fiscal Year Ending March 31, 2015 December 31, 2015 December 31, 2015 (Dollars in thousands, except per unit data) Average Daily Production: Oil (Bbls)…
Year Ended December 31, 2012 2013 2014 Production: Oil (MBbls) 3,821 3,692 4,194 Gas (MMcf) 8,072 6,188 5,901 Natural gas liquids (MBbls) 433 532 585 Total (MBOE) 5,599 5,255 5,763 Operating Metrics per BOE: Lease operations 22.32…
Year Ended December 31, ( thousands, except per unit statistics) 2012 2013 2014 Average Realized Prices: Oil (/Bbl) 90.97 95.05 86.81 Gas (/Mcf) 3.59 3.59 4.35 NGL (/Bbl) 38.95 33.26 32.17 Price After Effect of Hedging: Oil (/Bbl)…
Year Ended December 31, ( thousands) 2012 2013 2014 Net income (loss) 35,103 (24,862) 43,881 Interest expense 38,664 43,079 50,907 Income tax expense (benefit) 22,008 (12,428) 24,687 Exploration: Abandonments and impairments 4,222 5,887…
Loading...
