Skip to main content GHS 100 Energy Conference – Clayton Williams Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

GHS 100 Energy Conference – Clayton Williams Energy Inc.

Clayton Williams Energy Inc. · Jun 24, 2014 · 25 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. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 1
    Clayton Williams Energy, Inc. GHS 100 Energy Conference June 24, 2014 NYSE: CWEI www.claytonwilliams.com
  2. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 2
    Clayton Williams Energy, Inc. Company Overview Core areas in prolific oil rich regions of Texas Proven developmental drilling program in core areas Proved Reserves: 70 MMBOE Permian Basin 526% Reserve Replacement PV10 1.4 billion…
  3. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 3
    Recent Achievements Objectives/Actions Results Increase Liquidity Liquidity Up from 105M at 1Q13 to 449M at 1Q14 Reduced capital spending from 463M in FY12 to 284M in Revolver balance reduced from 495M to 0M FY13 Total debt reduced…
  4. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 4
    Proved Reserves (SEC Case) at 12/31/2013 Proved Reserves (MMBOE) 70 60 Reserve replacement of 526% 50 Reserve Life 13.3 years 40 75.4 70.0 64.3 Trend is towards higher concentration in oil 30 20 51.1 10 0 2010 2011 2012…
  5. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 5
    2014 Capital Budget Total Capital: Drilling & Completion Costs by Region: 422.0 million 368.7 million Leasing & Facilities Seismic & Other 50.0 3.3 Eagle Ford 182.3 Drilling & Completion Permian 368.7 Basin 179.5…
  6. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 6
    Summary of Hedges Swaps: Oil Bbls Price Production Period: 2nd Quarter 2014.. 560,600 96.81 3rd Quarter 2014.. 530,200 96.87 4th Quarter 2014.. 503,200 96.92 1,594,000 96.87 7
  7. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 7
    Capitalization and Liquidity As of ( millions) 3/31/2014 Cash & Equivalents 39.2 BB Revolver due 2019 0.0 Total Secured Debt 0.0 7.75% Senior Notes due 2019 599.7 Total Debt 599.7 Shareholders' Equity 365.2 Total Capitalization…
  8. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 8
    9
  9. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 9
    CWEI Core Development Areas Permian Basin and Giddings Areas are two of the largest resource plays in the US CWEI has large contiguous acreage positions in both areas Developing proven acreage Continue D&C efficiencies…
  10. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 10
    Giddings East Texas Area Highlights Legacy Austin Chalk Area Vertical wells in 70s and 80s Horizontal wells from 90s to present 185,000 net acre position Repeatable Eagle Ford Shale Program Eagle Ford Shale underlies Austin…
  11. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 11
    Giddings Eagle Ford Shale Area Highlights Ongoing horizontal well program Derisking extensive position in Robertson, Burleson and Lee Counties 13 horizontal wells completed to date Peak 30day average: 574 BOE/D Future D&C…
  12. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 12
    Southern Delaware Basin Resource Potential Stacked pay 11 potential producing horizons 3,500 oil column from 8,000 11,500 Resource potential: 400 MMBOIP per section Vertical and horizontal development potential CWEIs Position…
  13. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 13
    Delaware Basin Reeves County Area Highlights Reeves County Horizontal Activity Derisking Wolfcamp A Shell 14 Wells on production ROSE Peak 30day average: 756 BOE/d Testing Wolfcamp C 1 well on production OXY Peak 30day average:…
  14. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 14
    Improving Efficiencies & Production Reeves County Wolfcamp A Delaware Basin Peak 30Day Averages BOE/d 1000 5,000 26% 800 4,000 600 3,000 889 4,484 400 2,000 756 3,567 423 1,000 200 0 0 4Q 13 1Q 14 14 Well Avg First…
  15. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 15
    Reeves County Pipeline System Gas 70 miles 3 to 8 diameter 25,000 MMCF/d capacity Oil 71 miles 3 to 8 diameter 18,000 BO/d capacity Salt Water Disposal 65 miles 3 to 6 diameter 20,000 BW/d capacity 1 CWEI disposal well &…
  16. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 16
    Permian Acreage Footprint per 1,000 Share Holding 14 Acres 6 Acres 5 Acres 4 Acres CWEI Company A * Company B * Company C * * Source: Bloomberg Industries; 18 public companies selected 17
  17. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 17
    Eagle Ford Acreage Footprint per 1,000 Share Holding 13 Acres 2 Acres 2 Acres 1.5 Acres CWEI Company A * Company B * Company C * * Source: Wood MacKenzie; 28 public companies selected 18
  18. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 18
    Key Takeaways Desta Drilling Rig 17 Focused on oil in core liquidsrich oil plays Reeves County, Texas Significant acreage position in the prolific Permian Basin & Giddings Areas Shareholders have more acreage exposure in two of…
  19. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 19
    Appendix 20
  20. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 20
    Guidance Estimated Ranges Fiscal Year Ending December 31, 2014 (Dollars in thousands, except per unit data) Average Daily Production: Oil (Bbls) ........................................................ 12,300 to 12,700 Gas (Mcf)…
  21. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 21
    Historical Production & Operating Metrics Year ended December 31, 2011 2012 2013 Production: Oil (MBbls) 3,727 3,821 3,692 Natural Gas (MMcf) 8,594 8,072 6,188 Natural gas liquids (MBbls) 275 433 532 Total Production (MBoe) 5,434…
  22. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 22
    Historical Financial Summary Year ended December 31, ( thousands, except per unit statistics) 2011 2012 2013 Average Realized Prices: Oil (/Bbl) 92.43 90.97 95.05 Gas (/Mcf) 5.30 3.59 3.59 NGL (/Bbl) 53.37 38.95 33.26 Price After…
  23. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 23
    EBITDAX Reconciliation to Net Income Year ended December 31, ( thousands) 2011 2012 2013 Net income (loss) 93,823 35,103 (24,862) Interest expense 32,919 38,664 43,079 Income tax expense (benefit) 52,142 22,008 (12,428)…
  24. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 24
    Historical Credit Metrics Debt/Prov. & Prov. Dev. Reserves (/BOE) Debt / EBITDAX 20 18.67 16.72 16 3.4x 13.49 12 10.74 2.5x 9.14 8.23 8 1.6x 4 2011 2012 2013 2011 2012 2013 Debt / Proved Reserves Debt / Proved…
  25. GHS 100 Energy Conference – Clayton Williams Energy Inc. – slide 25
    Contact Information: Clayton Williams Energy, Inc. www.claytonwilliams.com Patti Hollums Director of Investor Relations 432.688.3419 phollumsclaytonwilliams.com 26

From the store

Browse maps, data & reports in the Shale Experts store