1st Quarter 2016 Financial Results May 5, 2016 NYSE: CWEI www.claytonwilliams.com Clayton Williams Energy, Inc.
Highlights 1 rig currently drilling Wolfcamp A in Reeves County D&C efficiencies include the potential for faster drill times, enhanced completion design and further cost reductions Preserving acreage positions in Reeves County &…
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…
1st Quarter Results Net Daily Production (MBOE) Net Production 13.6 MBOE/d 17.2 6% 14% 27% By Area Average Realized Prices: 1.5 13.6 By Product 2.6 1Q15 DB Oil - 28.10/Bbl 1.4 NGL 24% 2.3 Gas - 1.74/Mcf Gas 29% PB Other NGL -…
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…
Actual Estimated Ranges Estimated Ranges Three Months Ended Nine Months Ending Fiscal Year Ending March 31, 2016 December 31, 2016 December 31, 2016 (Dollars in thousands, except per unit data) Average Daily Production: Oil (Bbls)…
Actual Planned Expenditures Expenditures 2016 Three Months Ended Year Ending Percentage March 31, 2016 December 31, 2016 of Total (In thousands) Drilling and Completion: Delaware Basin .............................................…