Clayton Williams Energy, Inc. Company Profile
CLAYTON WILLIAMS ENERGY, INC. COMPANY PROFILE Clayton Williams Energy, Inc. (stock symbol CWEI) is an independent exploration and production company that develops and produces oil and natural gas. Clayton W. Williams, Jr., who has 57 years of experience in the energy industry, founded the Company. CWEI focuses and operates primarily in the Permian Basin of West Texas and the Giddings area of East Texas. At December 31, 2012, the Company had total proved reserves of 75.4 million barrels of oil equivalents, with 77% consisting of oil and natural gas liquids. AREAS OF OPERATIONS Permian Basin Midland, TX Giddings Area Corporate Office ON THE COVER: Desta Drilling Rig #16 Reeves County, Texas CORPORATE HIGHLIGHTS SELECTED FINANCIAL & OPERATING DATA (Dollars in thousands, except per unit information) 2012 2011 2010 2009 2008 Total revenue $ 423,052 $ 426,428 $ 331,631 $ 255,961 $ 565,517 Net income (loss) $ 35,103 $ 93,823 $ 36,938 $ (117,415) $ 140,534 Net income (loss) - per diluted share $ 2.89 $ 7.71 $ 3.04 $ (9.67) $ 11.67 Diluted shares outstanding (000's) 12,164 12,162 12,148 12,138 12,039 Net cash provided by operating activities $ 189,222 $ 280,047 $ 208,251 $ 104,711 $ 381,980 Total assets $ 1,574,584 $ 1,226,271 $ 890,917 $ 784,604 $ 943,409 Long-term debt $ 809,585 $ 529,535 $ 385,000 $ 395,000 $ 347,225 Total equity $ 378,616 $ 343,501 $ 249,452 $ 212,275 $ 320,276 Production: Oil (MBbls) 3,821 3,727 3,375 2,865 2,952 Gas (MMcf) 8,072 8,594 10,750 15,949 18,553 Natural gas liquids (MBbls) 433 275 292 240 182 Total (MBOE) (1) 5,599
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