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Clayton Williams Energy Sells Austin Chalk, Eagle Ford Assets For Millions

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March 14, 2014

Clayton Williams Energy Inc. (NYSE: CWEI) closed its sale, for $71 million, of certain wells and leases outside its core Austin Chalk and Eagle Ford acreage, the company said March 14.

The sold wells and leases sit in Brazos, Frio, La Salle, Robertson and Wilson Counties, Texas, the company said. The assets accounted for about 5% of Clayton Williams’ oil and gas production for fourth-quarter 2013, the company said. The assets accounted for about 2% of total proved reserves at the end of that quarter, the company added.

Net proceeds ...


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