Last $58.18 USD
Change Today +0.30 / 0.52%
Volume 213.7K
CWEI On Other Exchanges
Symbol
Exchange
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As of 6:40 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

clayton williams energy inc (CWEI) Snapshot

Open
$59.94
Previous Close
$57.88
Day High
$61.95
Day Low
$54.63
52 Week High
05/6/14 - $146.93
52 Week Low
12/8/14 - $49.71
Market Cap
708.0M
Average Volume 10 Days
235.0K
EPS TTM
$4.28
Shares Outstanding
12.2M
EX-Date
--
P/E TM
13.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for CLAYTON WILLIAMS ENERGY INC (CWEI)

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clayton williams energy inc (CWEI) Details

Clayton Williams Energy, Inc., an independent oil and gas company, explores for and produces oil and natural gas primarily in Texas, Louisiana, and New Mexico. The company’s principal properties are located in the Permian Basin of West Texas and Southeastern New Mexico, and the Giddings Area in East Central Texas. As of December 31, 2013, it had estimated proved reserves of 70,015 thousand barrels of oil equivalent. The company also owns interests in and operates oil, natural gas, and water service facilities, which consist of approximately 351 miles of pipeline, 2 treating plants, 1 dehydration facility, and various wellhead type treating and/or compression stations. Clayton Williams Energy, Inc. was founded in 1991 and is headquartered in Midland, Texas.

466 Employees
Last Reported Date: 03/11/14
Founded in 1991

clayton williams energy inc (CWEI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $858.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $576.3K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $739.2K
Vice President of Engineering
Total Annual Compensation: $576.3K
Vice President of Exploration
Total Annual Compensation: $488.4K
Compensation as of Fiscal Year 2013.

clayton williams energy inc (CWEI) Key Developments

Clayton Williams Energy, Inc. Amends Third Amended and Restated Credit Agreement

On November 12, 2014, Clayton Williams Energy, Inc. amended Third Amended and Restated Credit Agreement dated as of April 23, 2014 to increase the Borrowing Base from $415 million to $600 million and to increase the Aggregate Commitments from $415 million to $500 million.

Clayton Williams Energy, Inc. Announces Strategic Farmout Agreement with Caza Oil and Gas, Inc

Clayton Williams Energy, Inc. announced that it had entered into a farmout and exploration agreement with Caza Oil and Gas, Inc. covering a portion of the company's 71,000 net acre resource play in Reeves County, Texas. All of the approximate 15,000 net undeveloped acres covered by this agreement are located along the western flank of the Company's acreage block. The company has drilled no horizontal Wolfcamp wells within the farmout area. Under the terms of the agreement, Caza will pay 75% of the costs of the initial horizontal Wolfcamp well to earn 50% of the acreage associated with that well (either 640 or 1,280 gross acres, depending on lateral length). After the initial well, Caza will pay 100% of the costs of all other Carried Wells (as defined in the agreement) to earn 75% of the associated acreage. The company will pay its 25% of the cost to drill and complete all density wells drilled on previously earned acreage. In addition to the initial well, Caza is obligated to drill and complete two additional horizontal Wolfcamp wells in the farmout area by December 31, 2015.

Clayton Williams Energy, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Year Ending December 31, 2014

Clayton Williams Energy, Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $119,283,000 compared to $111,165,000 a year ago. Operating income was $45,565,000 compared to $33,918,000 a year ago. Income before income taxes was $42,991,000 compared to $16,852,000 a year ago. Net income was $27,429,000 or $2.25 per basic and diluted share compared to $10,951,000 or $0.90 per basic and diluted share a year ago. Net cash provided by operating activities was $86,678,000 compared to $70,995,000 a year ago. Additions to property and equipment were $127,750,000 compared to $74,916,000 a year ago. Adjusted net income was $17,410,000 or $1.43 per basic and diluted share compared to $15,098,000 or $1.24 per basic and diluted share a year ago. EBITDA was $78,117,000 compared to $68,648,000 a year ago. For the nine months period, the company reported total revenues of $373,783,000 compared to $316,948,000 a year ago. Operating income was $114,883,000 compared to operating loss of $11,962,000 a year ago. Income before income taxes was $75,467,000 compared to loss before income taxes of $49,980,000 a year ago. Net income was $48,148,000 or $3.96 per basic and diluted share compared to net loss of $31,287,000 or $2.57 per basic and diluted share a year ago. Net cash provided by operating activities was $211,745,000 compared to $153,881,000 a year ago. Additions to property and equipment were $311,968,000 compared to $208,022,000 a year ago. Adjusted net income was $52,072,000 or $4.28 per basic and diluted share compared to $23,352,000 or $1.92 per basic and diluted share a year ago. EBITDA was $236,513,000 compared to $183,982,000 a year ago. For the quarter, the company reported total production of 1,434 MBOE compared to 1,270 MBOE a year ago. Total (BOE/d) was 15,586 compared to 13,799 a year ago. Average daily oil production was 11,304 Bbls. Average daily gas production was 16,304 Mcf. Average daily natural gas liquids production was 1,565 Bbls. For the nine months period, the company reported total production of 4,243 MBOE compared to 3,886 MBOE a year ago. Total (BOE/d) was 15,541 compared to 14,236 a year ago. Average daily oil production was 11,330 Bbls. Average daily gas production was 15,725 Mcf. Average daily natural gas liquids production was 1,590 Bbls. The company provided production guidance for the fourth quarter and year ending December 31, 2014. For the fourth quarter, the company expected average daily oil production range of 12,400 Bbls to 12,600 Bbls, average daily gas production rang of 15,500 Mcf to 16,500 Mcf, average daily natural gas liquids production range of 1,600 Bbls to 1,700 Bbls and average daily total oil equivalents production range of 16,583 BOE to 17,050 BOE. For the year, the company expected average daily oil production range of 11,500 Bbls to 11,700 Bbls, average daily gas production rang of 15,500 Mcf to 16,500 Mcf, average daily natural gas liquids production range of 1,550 Bbls to 1,650 Bbls and average daily total oil equivalents production range of 15,633 BOE to 16,100 BOE.

 

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CWEI

Industry Average

Valuation CWEI Industry Range
Price/Earnings 12.9x
Price/Sales 1.5x
Price/Book 1.8x
Price/Cash Flow 3.2x
TEV/Sales 0.1x
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