MIDLAND, Texas–(BUSINESS WIRE)–Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) previously disclosed that its Board of Directors had initiated a review of strategic alternatives to enhance shareholder value and had engaged Goldman, Sachs, & Co. to serve as financial adviser in that process. The Company confirmed today that this strategic review is ongoing, and that the Board and its advisers are actively considering possible transactions as a part of this review. The transactions disclosed in the Company’s news release dated January 18, 2016 providing an update on recent activities were not associated with the ongoing strategic review. There can be no assurance that the strategic review will result in any transaction in the future, and no decision has been made to enter into any transaction at this time.
Clayton Williams Energy, Inc. is an independent energy company located in Midland, Texas.