4th Quarter & Year End 2015 Financial Results Webcast March 10, 2016 NYSE: CWEI www.claytonwilliams.com Clayton Williams Energy, Inc.
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 25 horizontal wells on…
Area Highlights & Resource Potential 170,000 net acre position 38 wells completed to date Peak 30-day average 480 BOE/d Significant acreage position HBP Resource potential: 28 MMBOIP per section Established infrastructure CWEIs…
4th Quarter Results Net Daily Production (MBOE) Net Production 13.9 MBOE/d 16.5 8% 21% Average Realized Prices: 13.9 15% By Area 1.6 By Product 4Q14 DB Oil - 36.91/Bbl 2.9 1.4 NGL 25% 2.4 31% Gas - 2.09/Mcf Gas PB Other NGL -…
Preserves core acreage positions in Reeves County and Giddings area Preserves High-Quality 66,000 net acres in Delaware Basin Asset Base 170,000 net acres in Eagle Ford Improves Raises significant cash to bolster balance sheet…
31-Dec-15 Pro Forma Summary Terms of Capital Raise Amount Amount 350mm second lien secured debt due in 2021 Cash & Cash Equivalents 7.8 207.8 12.5% cash interest rate with option to pay-in-kind for first two years at 15% Revolving…
Challenging Environment Strategic alternative enhances financial flexibility Permian Basin Liquidity to support continued operations No near-term debt maturities Positioned for long term price environment Maintain premier acreage…
Current Swaps: Oil MBbls Price Production Period: 1st Quarter 2016.. 421 40.25 2nd Quarter 2016.. 394 40.25 815 Swaps Subject to Optional Extension: Oil MBbls Price Production Period: 3rd Quarter 2016.. 378 40.25 4th Quarter…
Estimated Ranges Fiscal Year Ending December 31, 2016 (Dollars in thousands, except per unit data) Average Daily Production: Oil (Bbls) 8,200 to 8,600 Gas (Mcf) 12,000 to 13,000 Natural gas liquids (Bbls) 1,100 to 1,300 Total oil…
Planned Expenditures 2016 Year Ending Percentage December 31, 2016 of Total (In thousands) Drilling and Completion: Delaware Basin 40,800 62% Other 2,000 3% 42,800 65% Leasing and seismic 22,900 35% Exploration and development…
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