Johnson Rice Clayton Williams Energy, Inc. Energy Conference September 30, 2013
Company Overview Financial Highlights Asset Overview Market Cap: 637.5 million(1) Oil focused strategy Enterprise value: 1.3 billion(1) Developmental drilling program in proven oil Proved Reserves: 75.4 MMBOE(2) producing areas…
Proved Reserves (SEC Case) at 12/31/2012 Reserve replacement of 365% Reserve Life 13 years Trend is towards higher concentration in oil By Location Proved Reserves (MMBOE) 100% 4% 3% 3% 70 15% 17% 13% 22% 60 75% 26% 50 50% 40…
2013 Capital Budget 2013 Capital Budget 2013 Drilling & Completion 274.8 million 222.4 million Facilities & Drilling & Other Completion 5.0 Permian Basin 222.4 152.2 Leasehold & Eagle Ford Seismic Shale 47.4 59.6…
Summary of Hedges Swaps: Oil Gas (a) Bbls Price MMBtu Price Production Period: 3rd Quarter 2013 300,000 104.60 360,000 3.34 4th Quarter 2013. 300,000 104.60 330,000 3.34 2014.. 600,000 99.30 - - 1,200,000 690,000 (a) one MMBtu…
Capitalization and Liquidity Historical Pro Forma ( millions) 6/30/2013 Adj for New Notes 1 Cash & Equivalents 16.2 16.2 2 BB Revolver due 2015 315.0 (244.0) 71.0 Total Secured Debt 315.0 71.0 3 7.75% Senior Notes due 2019 349.6…
Operations Overview 8
Desta Drilling 14 Rigs 7 1300 HP Rigs - Triples Drills vertical & horizontal wells Rated to 14,000 5 1300 HP RG Rigs Drills vertical & horizontal wells Rated to 13,500 2 1000 HP RG Rigs Drills vertical & horizontal wells Rated…
CWEI Core Development Areas CWEI has strong positions in the Permian Basin and Giddings Areas Emerging plays driven by resource potential and technology expansion Oil and liquid rich areas Permian Basin Giddings Area 2Q 2013 Avg…
Permian Basin Properties Developing Areas Andrews County Fuhrman-Mascho San Andres Andrews County Loco Hills Wolfberry Yeso Warwink Bone Springs Glasscock/Sterling County Wolfberry/Cline Shale Reeves/Loving County…
Permian Basin Delaware Basin Oil Play Area Overview Emerging oil rich resource play 88 wells spud to date 70 vertical 18 horizontal Over 400 potential locations using 160 acre spacing 80 acre development both vertical &…
Permian Basin Delaware Basin Oil Play Vertical Wells Wolfbone Activity 3 rigs currently drilling Bell Delaware Mountian Group Canyon Vertical & horizontal well program with multistage frac Cherry Guadalupian Canyon Horizontal…
Reeves County Horizontal Activity Shell ROSE OXY BHP Atlantic EXL Arabella Chevron CXO 14
Reeves County Pipeline System Gas 70 miles 3 to 8 diameter 25,000 MMCF/D capacity Oil 71 miles 3 to 8 diameter 18,000 BOPD capacity Salt Water Disposal 65 miles 3 to 6 diameter 20,000 BWPD capacity 1 CWEI disposal…
Permian Basin East HOWARD MITCHELL DVN Area Overview Midland Basin Primarily Glasscock & Sterling APA Counties 37,000 net acres 30 Vertical Wolfberry wells drilled or participated in 7,000 to 9,000 depth 1 Cline Shale…
Permian Basin Future Exploitation Opportunities Area Overview Flying M Field Lea County, NM East & South Huntley Fields CWEI controls operations Garza County, TX Yates, Queen, Grayburg & San Andres Formations Cover…
Giddings East Texas Giddings Area Area Highlights Legacy Austin Chalk Area Vertical wells in 70s & 80s Horizontal wells from 90s to present 177,000 Net Acre Position Resource Potential in Eagle Ford Shale Early stages of…
Giddings Eagle Ford Shale Giddings Area Activity Sarah Ferrara 1 Batten Thomas Horizontal wells Scasta 2 Well cost: 5.5 MM 100% working interest Buckman Pivonka 12 wells completed Balcar 1 31% of capital budget for 2013 Viola…
Key Takeaways Focused on oil Significant acreage position in the Permian Basin & Giddings Areas Large resource drilling inventory Strategic actions to reduce debt in 2013 Plan to achieve balance between future drilling…
Appendix 21
Guidance Actual Estimated Ranges Estimated Ranges Six Months Ended Six Months Ending Fiscal Year Ending June 30, 2013 (c) December 31, 2013 December 31, 2013 (Dollars in thousands, except per unit data) Average Daily Production:…
Historical Production & Operating Metrics Six months ended Year ended December 31, June 30, 2010 2011 2012 2012 2013 Production: Oil and NGL (MBbls) 3,667 4,002 4,254 2,085 2,079 Natural Gas (MMcf) 10,750 8,594 8,072 4,144 3,226…
Historical Financial Summary Six months ended Year ended December 31, June 30, ( thousands, except per unit statistics) 2010 2011 2012 2012 2013 Average Realized Prices: Oil (/Bbl) 76.44 92.43 90.97 94.26 92.43 Gas (/Mcf) 5.17 5.30…
EBITDAX Reconciliation to Net Income Six months ended Year ended December 31, June 30, ( thousands) 2010 2011 2012 2012 2013 Net income (loss) 36,938 93,823 35,103 40,601 (42,238) Interest expense 24,402 32,919 38,664 18,031 20,844…
Contact Information: Clayton Williams Energy, Inc. www.claytonwilliams.com Patti Hollums Director of Investor Relations 432.688.3419 phollumsclaytonwilliams.com 27
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