Clayton Williams Energy, Inc. provided an update on its Permian Basin and Austin Chalk/Eagle Ford operations.
The Company is currently running seven rigs - five rigs in the Delaware Basin, with four drilling vertical Wolfbone wells and one drilling horizontal Wolfcamp wells, and two in Andrews County drilling vertical Wolfberry wells. The Company currently plans to continue this program for the remainder of 2012.
The Company's primary focus is the Delaware Basin in Reeves, Ward, Winkler and Loving Counties, Texas. Since its entry into this emerging, oil-rich resource play in 2010, the Company has accumulated leases covering approximately 65,000 net acres.