Clayton Williams Energy, Inc. The Oil & Gas Conference August 17, 2015 NYSE: CWEI www.claytonwilliams.com
Operations Overview 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…
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…
Several zones have been proven productive by industry CWEI has 43,000 acres de- risked in Wolfcamp A&C Area operators testing well density patterns and recently staggered wine rack/density testing in Wolfcamp A bone spring 1st…
Gas 104 miles 3 to 8 diameter 25,000 MMCF/d capacity Oil Plains Oil Take Regency Gas Take Point 105 miles Point 3 to 8 diameter 18,000 BO/d capacity Regency Pipeline Salt Water Disposal 104 miles Penn Tex Gas Take Point 3…
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 Peak 30-day average 480 BOE/d Eagle Ford Shale Significant acreage position HBP BOE/d Established infrastructure 1 rig drilling 2H 2015 Model Well Profile…
East & South Flying M Field Huntley Fields San Andres Lea County, NM San Andres Garza County, TX Loco Hills Fuhrman-Mascho Yeso San Andres Lea County, NM Andrews County, TX Warwink Foster Field Bone Springs San Andres Ward…
14 Rigs Rig Benefits 2 1500 HP Rigs Triples Utilized in our core areas of operations Drills vertical & horizontal wells Rated to 21,000 Provides cost control Longer laterals up to 7,500 Provides for flexibility in Company 5 1300 HP…
2015 Capital Budget ( millions) Net Daily Production (MBOE) Total Capital D&C By Area 1.5 17.2 16.5 1.6 1.6 16.6 15.6 1.6 15.6 1.6 2.6 [CATEGO Eagle 2.9 2.6 RY Ford 2.5 2.7 By Product NAME] 46.3 [VALUE] NGL 134.5 109.7 Gas…
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…
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