Clayton Williams Sells Eagle Ford and Austin Chalk Acreage for $71 Million

Clayton Williams Eagle Ford Acreage Map

Clayton Williams Eagle Ford Acreage Map | Click to Enlarge

Clayton Williams Energy sold some of its Eagle Ford and Austin Chalk wells and leases in a $71 million dollar deal in March 2014. The sale included acreage and selected wells in Wilson, Brazos, LaSalle, Frio and Robertson Counties.

In 2013, Clayton Williams grew its Eagle Ford oil production by ~430% in the fourth quarter of 2013 to 1,354 b/d. Only about 5% of the company’s oil and gas production for the fourth-quarter came from the divested properties.

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Clayton Williams Grew Eagle Ford Oil Production ~430% in Fourth-Quarter of 2013

Eagle Ford Capital Budget - ~$160 Million in 2014
Clayton Williams Eagle Ford Acreage Map

Clayton Williams Eagle Ford Acreage Map | Click to Enlarge

Clayton Williams Energy grew its Eagle Ford oil production in the fourth quarter of 2013 over 2012 by ~430% from 312 b/d – 1,354 b/d.

The increase in production is a sign that the company is gaining confidence in moving forward with its Eagle Ford operations. In an early February 2013 statement, the company alluded that additional drilling and production data would be needed to determine if the Eagle Ford Shale drilling program could be economically viable.

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