Find companies:

Clayton Williams Energy

Job Work/Life Balance
Compensation/Benefits
Job Security/Advancement
Management
Job Culture
3 reviews

About Clayton Williams Energy

Former Texas gubernatorial candidate Clayton Williams once devoted his energy to politics. Now he's devoted to the independent oil and gas firm that he founded. Clayton Williams Energy explores for oil and gas deposits primarily in Louisiana, New Mexico, and Texas and exploits those resources. In 2010 the company reported proved reserves of 51.1 million – more... barrels of oil equivalent, located mainly in the Permian Basin and South Texas. It has stakes in 6,790 gross producing oil and gas wells and 1 million gross undeveloped acres. It also operates 108 miles of gas pipeline and a small natural gas processing infrastructure in Louisiana, Mississippi, New Mexico, and Texas.

The company's strategy of aggressive exploration and complementary development drilling activities is shaped primarily by Clayton Williams himself (with more than 50 years of experience in the oil industry).

While the Permian Basin and the Eagle Ford Shale are the key focus of the company's drilling activities (73% and 21%, respectively, of proved reserves in 2010) the company also has activities in other areas, such as in Louisiana and Utah.

The global recession and resulting lower commodity prices and reduced demand for energy saw Clayton Williams Energy's revenues plummet in 2009 and slowed the company's exploration activities.

To strengthen its financial position in 2009 it acquired full ownership of former contract drilling joint venture Desta Drilling, giving it control over the operation of that unit's 12 drilling rigs.

In 2010 the company sold producing properties in North Louisiana to WildHorse Resources for $77 million, in order to pay down debt. In a separate deal it also picked up a 14% stake in 36 wells in Andrews County, in West Texas, for about $10 million. Clayton Williams Energy has been active in this area for a number of years.

In 2010 Clayton Williams Energy reported a jump in revenues and net income, thanks to an upward revision of reserves, higher oil production, a hike in commodity prices, and gains from asset disposal.

In 2012, to consolidate its holdings in the Permian Basin, the company  merged subsidiary Southwest Royalties (SWR) with the six partnerships of which SWR is the general partner.

Founder Williams is CEO, and he and his family own about 51% of the company. – less

Clayton Williams Energy Employer Reviews

Sales Clerk (Current Employee), Odessa, TXAugust 26, 2014
Production Engineer (Former Employee), Houston, TXFebruary 19, 2013
Contract (Former Employee), brazosSeptember 27, 2012

Clayton Williams Energy Photos