3rd Quarter 2015 Financial Results Webcast November 5, 2015 NYSE: CWEI www.claytonwilliams.com Clayton Williams Energy, Inc.
3rd Quarter Results Net Daily Production (MBOE) Net Production 15.6 MBOE/d 15.6 15.6 9% 25% By Area Average Realized Prices: By Product 15% 1.6 1.5 3Q14 Oil - 43.26/Bbl NGL DB 2.7 2.9 18% Gas - 2.71/Mcf 33% PB Other Gas NGL -…
Area Highlights & 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 De-risked Wolfcamp A 24 horizontal wells on…
Area Highlights & Resource Potential Robertson 170,000 net acre position 37 wells completed to date Peak 30-day average 480 BOE/d Significant acreage position HBP Resource potential: 28 MMBOIP per section Established…
Challenging Environment Committed to maximize shareholder value Focus on capital discipline and maintain acreage positions Permian Basin Continue to work on production efficiencies and further cost reductions Giddings Eagle Ford…
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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 Estimated Three Months Nine Months Three Months Fiscal Year September 30, September 30, December 31, December 31, (Dollars in thousands, except Average Daily Production: Oil (Bbls) 11,152 12,198 10,500 to…
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…