2nd Quarter 2015 Financial Results Webcast August 5, 2015 NYSE: CWEI www.claytonwilliams.com Clayton Williams Energy, Inc.
Highlights Focusing on capital discipline Maintaining acreage positions Deployed two rigs to core areas; Permian Basin and Eagle Ford Focusing on efficiencies and cost reductions Strategy Formulating plan for future liquidity…
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 170,000 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 24 horizontal wells on production Peak 30-day average: 740 BOE/d De-risked Wolfcamp C 4 horizontal wells on production Peak 30-day average: 726 BOE/d Upside potential with multiple…
Resource Potential Robertson Significant acreage position HBP Eagle Ford underlies Austin Chalk Resource potential: 30 MMBOIP per section Established infrastructure CWEIs Position in Play 170,000 net acre position Burleson…
Area Highlights 170,000 net acre position 37 wells completed to date Eagle Ford Shale Peak 30-day average 480 BOE/d BOE/d Significant acreage position HBP Established infrastructure 1 rig drilling 2H 2015 Model Well Profile…
20,000 17,193 16,601 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 2Q 2015 9
2nd Quarter Results Net Daily Production (MBOE) 16.6 Net Production 16.6 MBOE/d, up 7% 15.6 7% 1.6 By Product 16% 30% By Area Average Realized Prices: 1.6 2.6 NGL 2Q14 2.5 14% DB Oil - 53.32/Bbl Gas 33% PB Other Gas - 2.58/Mcf…
Challenging Environment Focus on capital discipline and maintain acreage positions Continue to work on production efficiencies and further Permian Basin cost reductions Good assets with large potential Large contiguous acreage…
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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 Actual Estimated Ranges Estimated Ranges Three Months Ended Three Months Ended Six Months Ending Fiscal Year Ending March 31, 2015 June 30, 2015 December 31, 2015 December 31, 2015 (Dollars in thousands, except per unit data)…
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…
Contact Information: Clayton Williams Energy, Inc. www.claytonwilliams.com Patti Hollums Director of Investor Relations 432.688.3419 phollumsclaytonwilliams.com 20
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