Clayton Williams Energy (CWEI) Misses Q4 EPS Views; Offers FY16 Outlook

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Clayton Williams Energy Provides Financial Guidance for 2016

March 9, 2016 9:27 PM EST

MIDLAND, Texas--(BUSINESS WIRE)-- Clayton Williams Energy, Inc. (NYSE: CWEI) today filed a Form 8-K with the Securities and Exchange Commission to provide financial guidance disclosures for the year ending December 31, 2016.

A copy of these disclosures accompanies this release or may be obtained electronically by accessing the Companys website at www.claytonwilliams.com.

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Clayton Williams Energy Announces 2015 Financial Results and Year-End Reserves

March 9, 2016 9:26 PM EST

MIDLAND, Texas--(BUSINESS WIRE)-- Clayton Williams Energy, Inc. (the Company) (NYSE: CWEI) today reported its financial results for the quarter and year ended December 31, 2015.

Highlights

Fiscal 2015 Results

Oil and Gas Production of 15.8 MBOE/d Adjusted Net Loss1 (non-GAAP) of $70.4 million EBITDAX2 (non-GAAP) of $112.1 million

Year-End 2015 Reserves

Total Proved Reserves of 46.6 MMBOE 61% of 2015 Production Replaced by Reserve Additions 83% Oil and NGL and 78% Proved Developed

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