| Business Summary | | Clayton
Williams
Energy,
Inc.
is
an
independent
oil
and
gas
company
engaged
in
the
exploration
for
and
development
and
production
of
oil
and
natural
gas
primarily
in
Texas,
Louisiana
and
New
Mexico.
The
Company's
total
proved
reserves
at
December
31,
2000
were
12.9
million
barrels
of
oil
and
natural
gas
liquids
and
28.3
Bcf
billion
cubic
feet)
of
natural
gas.
Extensions
and
discoveries
during
2000
added
4.1
million
BOE
(barrels
of
oil
equivalent)
of
proved
reserves.
The
Company
maintains
an
active
work
over,
recompletion
and
exploitation
program
designed
to
increase
production
and
reserve
values
from
its
core
oil
and
gas
properties.
The
Company
also
owns
an
interest
in
and
operates
six
gas-gathering
systems
and
six
gas
processing
plants
in
the
states
of
Texas
and
Mississippi.
These
natural
gas
service
facilities
consist
of
interests
in
approximately
70
miles
of
pipeline,
five
treating
plants,
one
liquids
extraction
plant
and
three
compressor
stations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Clayton
Williams
Energy
and
its
subsidiaries
are
primarily
engaged
in
the
exploration
for
and
development
and
production
of
oil
and
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
increased
47%
to
$69.2
million.
Net
loss
before
acct.
change
totaled
$5.8
million,
vs.
an
income
of
$17.3
million.
Revenues
benefitted
from
an
increase
in
oil
and
gas
sales
due
to
significantly
higher
natural
gas
prices
and
production.
Net
loss
reflects
a
$10.4
million
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Clayton Williams, 69 Chairman,
Pres, CEO | $515K | -- | Mel Riggs, 46 CFO,
Sr. VP, Director | 273K | $139K | L. Paul Latham, 49 COO,
Exec. VP, Director | 333K | 285K | Jerry Groner, 38 VP-
Land and Lease Admin., Director | 192K | -- | Robert Lyon, 64 VP,
Gas Gathering and Marketing | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|