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Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc.

Clayton Williams Energy Inc. · Sep 28, 2015 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 1
  2. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 2
    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…
  3. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 3
    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…
  4. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 4
    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…
  5. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 5
    Centennial Multi Bench Stack Oxy Downspacing Tests Cabrito State (A,B,C) Triple Stack Centennial 880 Pad Spacing Concho Downspacing Tests 6
  6. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 6
    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 Potential for…
  7. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 7
    Gas 104 miles 3 to 8 diameter Capacity expandable to 25 MMCF/d Oil Plains Oil 105 miles Take Point Regency Gas 3 to 8 diameter Take Point Capacity expandable to 25 Mbbl/d Regency Pipeline Salt Water Disposal 104 miles…
  8. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 8
    Resource Potential Significant acreage position HBP Eagle Ford underlies Austin Chalk Resource potential: 28 MMBOIP per section Established infrastructure CWEIs Position in Play 170,000 net acre position Legacy acreage with…
  9. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 9
    A Eagle Ford Type Cross Section A 28 MMBOIP per section Austin Chalk A Average depth A of 7,000 Average 100 net pay thickness Eagle Ford Continuity of reservoir across acreage Consistent, thick pay in Eagle Ford…
  10. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 10
    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…
  11. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 11
    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…
  12. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 12
    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…
  13. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 13
    2015 Capital Budget ( millions) Net Daily Production (MBOE) Total Capital D&C By Area 17.2 16.5 16.6 15.6 15.6 1.5 1.6 1.6 Leasing & 1.6 1.6 2.6 Seismic Eagle Ford 2.9 2.6 By Product 46.3 2.5 2.7 24.8 NGL 134.5 109.7 Gas 12.0…
  14. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 14
    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…
  15. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 15
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  16. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 16
    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%…
  17. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 17
    Swaps: Oil Bbls Price Production Period: 3rd Quarter 2015.. 697,000 55.65 4th Quarter 2015.. 592,000 55.65 1,289,000 18
  18. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 18
    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)…
  19. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 19
    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…
  20. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 20
    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)…
  21. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 21
    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…
  22. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 22
    Debt/Prov. & Prov. Dev. Reserves (/BOE) Debt / EBITDA 20 18.67 16.72 16.68 16 3.4x 12 10.74 2.5x 9.14 9.34 2.4x 8 4 2012 2013 2014 2012 2013 2014 Debt / Proved Reserves Debt / Proved Developed Reserves EBITDA /…
  23. Johnson Rice and Company Energy Conference – Clayton Williams Energy Inc. – slide 23
    Contact Information: Clayton Williams Energy, Inc. www.claytonwilliams.com Patti Hollums Director of Investor Relations 432.688.3419 phollumsclaytonwilliams.com 24

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