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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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(Mark One)
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x
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2010
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¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from
to
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Commission File Number 001-10924
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A.Full title of the plan and the address of the plan, if different from that of the issuer named below:
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Clayton Williams Energy, Inc. 401(k) Plan & Trust
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Six Desta Drive - Suite 6500
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Midland, Texas 79705
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B.Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:
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Clayton Williams Energy, Inc.
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Six Desta Drive - Suite 6500
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Midland, Texas 79705
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CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
TABLE OF CONTENTS
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Page
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Report of Independent Registered Public Accounting Firm
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1
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Statements of Net Assets Available for Benefits – December 31, 2010 and 2009
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2
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Statement of Changes in Net Assets Available for Benefits – Year Ended December 31, 2010
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3
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Notes to Financial Statements
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4
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Supplemental Schedule:
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Schedule H, Line 4i – Schedule of Assets (Held at End of Year) – December 31, 2010
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S-1
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Plan Administrator
Clayton Williams Energy, Inc.
401(k) Plan and Trust
We have audited the accompanying statements of net assets available for benefits of the Clayton Williams Energy, Inc. 401(k) Plan and Trust (the “Plan”) as of December 31, 2010 and 2009, and the related statement of changes in net assets available for benefits for the year ended December 31, 2010. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Clayton Williams Energy, Inc. 401(k) Plan and Trust as of December 31, 2010 and 2009, and the changes in net assets available for benefits for the year ended December 31, 2010, in conformity with accounting principles generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule H, Line 4i, schedule of assets held for investment purposes as of December 31, 2010, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the United States Department of Labor Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/Hein & Associates LLP
Dallas, Texas
June 27, 2011
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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December
31,
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2010
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2009
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ASSETS:
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Investments, at fair value:
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Stable value fund
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$
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3,218,558
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$
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2,430,589
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Cash
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111,654
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-
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Mutual funds
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16,088,602
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12,573,239
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CWEI common stock
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11,140,007
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4,469,453
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30,558,821
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19,473,281
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Sponsor contributions receivable
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130,659
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80,490
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Other assets
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630
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630
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Total assets
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30,690,110
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19,554,401
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LIABILITIES
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-
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-
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NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
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30,690,110
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19,554,401
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Adjustment from fair value to contract value for Stable Value Fund
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(87,664
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-
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NET ASSETS AVAILABLE FOR BENEFITS
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$
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30,602,446
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$
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19,554,401
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See accompanying notes to these financial statements.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year Ended December
31, 2010
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ADDITIONS TO NET ASSETS ATTRIBUTABLE TO:
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Dividends and interest
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$
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276,964
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Net appreci
ation
in fair value of investments
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8,503,875
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Contributions:
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Participant contributions
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1,754,487
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Sponsor contributions
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1,181,788
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Total contributions
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2,936,275
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Total additions
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11,717,114
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DEDUCTIONS FROM NET ASSETS ATTRIBUTABLE TO:
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Distributions paid directly to participants
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580,144
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Administrative fees
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1,261
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Total deductions
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581,405
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NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
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11,135,709
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NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE:
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Beginning of year
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19,554,401
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End of year
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$
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30,690,110
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See accompanying notes to these financial statements.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
The following description of the Clayton Williams Energy, Inc. (the “Company”) 401(k) Plan and Trust (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.
General
The Plan, as amended and restated, is a defined contribution plan established by Clayton Williams Energy, Inc. (the “Company” or “CWEI”) under the provisions of Section 401(a) of the Internal Revenue Code (“IRC”), which includes a qualified deferred arrangement as described in Section 401(k) of the IRC, for the benefit of eligible employees of the Company who become entitled to participate in the Plan. Employees who have 90 days of service and are age 21 or older are eligible to participate in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan was amended effective January 1, 2001 to provide that a participant shall be fully vested in his or her salary deferral contribution account, after-tax contribution account, matching employer contribution account, discretionary employer contribution account, and rollover contribution account. The Plan was amended effective August 2, 2004 to include the terms and conditions of the DWS Trust Company prototype 401(k) plan document as supplemented and modified. The Plan was amended December 6, 2007, effective January 1, 2008, to auto enroll employees upon becoming eligible and add a Roth 401(k) feature, which allows after-tax contributions.
Plan Administration
The Plan is administered by the Company. ADP Retirement Service, Inc. is the Plan’s recordkeeper. DWS Trust Company (“DWS”) holds the Plan’s assets. DWS is also the Trustee and is responsible for accepting funds, managing them and distributing them to beneficiaries.
Contributions
The Plan requires that the amounts of all participant and Company contributions comply with limitations established by the IRC. Subject to these limitations, participants may contribute to the Plan up to 100% of pre-tax annual compensation, as defined by the Plan, and the Company, in its sole discretion, may provide a matching contribution equal to a percentage of participants’ contributions. The Company makes matching contributions equal to 100% of participants’ contributions, limited to 6% of compensation. The Company may also make discretionary profit-sharing contributions to the Plan which are allocated to participants’ accounts based on each participant’s compensation as a percentage of total compensation.
Vesting
Participants are fully vested in their contributions and the earnings thereon. The Plan has been established as a safe-harbor plan; therefore, participants are fully vested in Company matching and discretionary contributions upon entry into the Plan.
Benefits
Upon termination of service due to death, disability or retirement, participants may request and receive a lump-sum distribution in an amount equal to the value of the vested interest in their respective accounts. Participants may also receive hardship withdrawals of their accounts, subject to certain limitations, as defined by the IRC.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
Participant Accounts
Individual accounts are maintained to reflect each participant’s allocated share of the Plan’s income, the Plan’s administrative expenses, the Company’s contributions, and the participant’s contributions. Allocations of investment income and forfeitures are based on participant account balances.
Investment Options
As directed by participants, the Plan purchases units of participation in twenty distinct investment portfolios sponsored and administered by DWS. In addition, the Plan makes participant-directed investments and matching contributions in the Company’s common stock. Under the Plan, participants are allowed to transfer funds between any investment options, including the Company stock fund.
Administrative Expenses
At its discretion, the Company may pay all or any portion of administrative expenses on behalf of the Plan. Administrative expenses paid by the Company were not significant.
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2.
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Summary of Significant Accounting Policies
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Basis of Accounting
The financial statements and supplemental schedule are prepared on the accrual basis of accounting.
Payment of Benefits
Benefit payments are recognized when paid. Benefits due to participants who have elected to withdraw from the Plan but have not been paid are deducted from net assets available for benefits. At December 31, 2010 and 2009 there were no amounts allocated to withdrawing participants.
Investment Valuation and Income Recognition
Investments of the Plan are stated at fair value. Securities traded in public markets are valued at their quoted market prices. Purchases and sales of securities are reflected on a trade-date basis. Changes in the market value of investments from one period to the next, combined with realized gains and losses based on differences between revalued costs and market value of investments on the trade date, are recognized as net appreciation (depreciation) in fair value of investments in the accompanying statement of changes in net assets available for benefits.
Interest income is recorded as earned on the accrual basis. Dividend income is recorded on the ex-dividend date. Reinvested income is reflected as additions to the cost basis of investments.
Estimates and Assumptions
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan Administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting periods. Actual results could differ from those estimates.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
Recent Accounting Pronouncements
In January 2010, the FASB issued ASU 2010-06, which amended ASC 820,
Fair Value Measurements and Disclosures,
to provide more robust disclosures about the different classes of assets and liabilities measured at fair value, the valuation techniques and input used, the activity in Level 3 fair value measurements and the transfers between Levels 1, 2 and 3. ASU 2010-06 became effective on January 1, 2010. See Note 4.
In September 2010, the FASB issued ASU 2010-25, which amended ASC 962,
Plan Accounting – Defined Contribution Pension Plans
, to require that participant loans be classified as notes receivable from participants, which are segregated from Plan investments and measured at their unpaid principal balance plus any accrued but unpaid interest. The Plan adopted the guidance for the year ended December 31, 2010. This ASU did not have a significant impact to the Plan.
The following presents investments that represent 5% or more of the Plan’s net assets as of December 31, 2010 and 2009:
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December 31,
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2010
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2009
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DWS Stable Value Fund
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$
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3,218,558
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$
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2,430,589
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Baron Growth Fund
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1,648,932
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1,354,097
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Growth Fund of America-R3
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2,757,248
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2,328,041
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Oppenheimer Value Fund-N
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2,923,046
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2,407,181
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Templeton Foreign-A
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1,880,643
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1,613,755
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Clayton Williams Energy, Inc. common stock
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11,140,007
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4,469,453
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The Stable Value Fund is a collective investment trust, organized under the Deutsche Bank Trust Company Americas Pyramid Trust, in order to provide participants with a stable, fixed-rate return on investment and protection of principal from changes in market interest rates.
The Stable Value Fund’s crediting rate is set at the start of the contract and resets on a quarterly basis. The average yield of the entire Stable Value Fund based on actual earnings was 2.07% and 1.48% at December 31, 2010 and 2009, respectively. The average yield of the pooled separate accounts based on the interest rate credited to participants was 2.62% and 1.49% at December 31, 2010 and 2009, respectively. To calculate the required yield, the amount credited to participants for the last day of the period is annualized and divided by the fair value of the investment portfolio on that date.
The Stable Value Funds are in the Statements of Net Assets Available for Benefits at fair value in the investments total, and adjusted to contract value in determining the net assets available for benefits.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
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As of December 31, 2010
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Rating
S&P/
Moody’s
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Investment
at Fair
Value
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Wrap
Contract at
Fair Value
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Adjustment
to Contract
Value
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DWS Trust Company
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Stable Value Fund - A
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AA/Aa2
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$
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3,218,558
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$
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-
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$
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(87,664
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As of December 31, 2009
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Rating
S&P/
Moody’s
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Investment
at Fair
Value
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Wrap
Contract at
Fair Value
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Adjustment
to Contract
Value
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DWS Trust Company
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Stable Value Fund - A
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AA/Aa2
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$
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2,430,589
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$
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-
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$
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-
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During 2010, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) realized a net appreciation as follows:
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Mutual funds
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$
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1,726,832
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Stable Value Fund
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87,664
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CWEI common stock
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6,689,379
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$
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8,503,875
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4.
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Fair Value Measurements
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Financial Accounting Standards Board ASC Topic 820 (“ASC 820”),
Fair Value Measurements
, establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820 are described below:
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·
Level 1
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Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
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·
Level 2
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Inputs to the valuation methodology include:
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·
Quoted prices for similar assets or liabilities in active markets;
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·
Quoted prices for identical or similar assets or liabilities in inactive markets;
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·
Inputs other than quoted prices that are observable for the asset or liability;
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·
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
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·
Level 3
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Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
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CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2010 and 2009.
·
Common stock: Valued at the closing price reported on the active market on which the individual securities are traded;
·
Mutual funds: Valued at the net asset value (“NAV”) of shares held by the Plan at year-end;
·
Stable Value Fund: Valued at the net fair value per unit of the fund’s underlying investments.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth by level within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2010 and 2009:
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Assets at Fair Value as of December 31, 2010
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Level 1
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Level 2
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Level 3
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Total
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Cash
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$
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111,654
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$
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-
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$
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-
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$
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111,654
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Mutual Funds
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|
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|
|
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|
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Income funds
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991,879
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-
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-
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991,879
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Growth and income funds
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3,387,669
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|
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-
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|
|
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-
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3,387,669
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Growth funds
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7,218,170
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|
|
|
-
|
|
|
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-
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7,218,170
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Aggressive growth funds
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4,490,884
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|
|
|
-
|
|
|
|
-
|
|
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|
4,490,884
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|
|
|
|
|
|
|
|
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|
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|
|
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Common Stock
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|
|
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Oil and gas extraction industry
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|
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11,140,007
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|
|
|
-
|
|
|
|
-
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|
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|
11,140,007
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|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
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Stable Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DWS stable value
|
|
|
-
|
|
|
|
3,218,558
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|
|
|
-
|
|
|
|
3,218,558
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at fair value
|
|
$
|
27,340,263
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|
|
$
|
3,218,558
|
|
|
$
|
-
|
|
|
$
|
30,558,821
|
|
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
|
|
|
Assets at Fair Value as of December 31, 2009
|
|
|
|
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Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total
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|
|
|
|
|
|
|
|
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Mutual Funds
|
|
|
|
|
|
|
|
|
|
|
|
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|
Income funds
|
|
$
|
663,707
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|
|
$
|
-
|
|
|
$
|
-
|
|
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$
|
663,707
|
|
|
Growth and income funds
|
|
|
2,409,764
|
|
|
|
-
|
|
|
|
-
|
|
|
|
2,409,764
|
|
|
Growth funds
|
|
|
5,358,759
|
|
|
|
-
|
|
|
|
-
|
|
|
|
5,358,759
|
|
|
Aggressive growth funds
|
|
|
4,141,009
|
|
|
|
-
|
|
|
|
-
|
|
|
|
4,141,009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil and gas extraction industry
|
|
|
4,469,453
|
|
|
|
-
|
|
|
|
-
|
|
|
|
4,469,453
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stable Value Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DWS stable value
|
|
|
-
|
|
|
|
2,430,589
|
|
|
|
-
|
|
|
|
2,430,589
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets at fair value
|
|
$
|
17,042,692
|
|
|
$
|
2,430,589
|
|
|
$
|
-
|
|
|
$
|
19,473,281
|
|
|
5.
|
Party-in-Interest Transactions
|
As of December 31, 2010 and 2009, the Plan the following party-in-interest investments which were either administered by the Trustee or holdings of CWEI.
|
|
|
2010
|
|
|
2009
|
|
|
|
|
|
|
|
|
|
|
DWS Stable Value Fund
|
|
$
|
3,218,558
|
|
|
$
|
2,430,589
|
|
|
DWS RREEF Real Est Secur-A
|
|
|
457,783
|
|
|
|
360,147
|
|
|
DWS S&P 500 Index Fund-S
|
|
|
431,123
|
|
|
|
301,038
|
|
|
DWS Lifecompass Fd – A
|
|
|
-
|
|
|
|
97,655
|
|
|
DWS Lifecompass 2015 Fund – A
|
|
|
-
|
|
|
|
325,185
|
|
|
DWS Lifecompass 2020 Fund – A
|
|
|
-
|
|
|
|
927,672
|
|
|
DWS Lifecompass 2040 – A
|
|
|
-
|
|
|
|
57,807
|
|
|
DWS Mid Cap Growth Fund-A
|
|
|
-
|
|
|
|
322,500
|
|
|
DWS Core Fixed Income Fund-A
|
|
|
-
|
|
|
|
460,755
|
|
|
CWEI common stock
|
|
|
11,140,007
|
|
|
|
4,469,453
|
|
|
Cash
|
|
|
111,654
|
|
|
|
-
|
|
DWS obtained a favorable determination letter from the Internal Revenue Service on September 11, 2001, stating that the prototype plan, which was adopted by the Plan in 2004, is a qualified plan under the IRC. The Plan has been amended since this time and management has not received an updated determination letter but believes the Plan is in compliance with the applicable requirements of the IRC to remain tax-exempt.
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
Although it has not expressed any intent to do so, the Company has the right under the Plan to terminate the Plan subject to the provisions of the ERISA.
* * * * * * *
SUPPLEMENTAL SCHEDULE
CLAYTON WILLIAMS ENERGY, INC.
401(k) PLAN AND TRUST
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
EIN: 75-2396863
December 31, 2010
|
Identity of Issuer
|
Description of Investment
|
|
Cost
|
|
|
Current Value
|
|
|
* DWS Investment Company
|
DWS Stable Value – A
|
|
|
**
|
|
|
$
|
3,218,558
|
|
|
American Funds Distributors, Inc.
|
American High-Income Trust-R3
|
|
|
**
|
|
|
|
307,652
|
|
|
Baron Capital, Inc.
|
Baron Growth Fund
|
|
|
**
|
|
|
|
1,648,932
|
|
|
American Funds Distributors, Inc.
|
Growth Fund of America-R3
|
|
|
**
|
|
|
|
2,757,248
|
|
|
Allianz Global Investors Distributors, Inc.
|
Allianz NFJ Small Cap Value-R
|
|
|
**
|
|
|
|
503,526
|
|
|
Oppenheimer funds
|
Oppenheimer Value Fund-N
|
|
|
**
|
|
|
|
2,923,046
|
|
|
* DWS Investment Company
|
DWS RREEF Real Est Secur-A
|
|
|
**
|
|
|
|
457,783
|
|
|
* DWS Investment Company
|
DWS S&P 500 Index-S
|
|
|
**
|
|
|
|
431,123
|
|
|
T. Rowe Price Investment
|
T. Rowe Price Mid Cap Value-R
|
|
|
**
|
|
|
|
591,156
|
|
|
Franklin Templeton Investments
|
Templeton Foreign-A
|
|
|
**
|
|
|
|
1,880,643
|
|
|
T. Rowe Price Investment
|
T. Rowe Price Retirement Income-R
|
|
|
**
|
|
|
|
118,350
|
|
|
T. Rowe Price Mid Cap Growth
|
Mid Cap Growth Fund-R
|
|
|
**
|
|
|
|
515,597
|
|
|
Pimco Total Return Fund
|
Total Return Fund-A
|
|
|
**
|
|
|
|
684,227
|
|
|
T. Rowe Price Retirement
|
T. Rowe Price Retirement 2015-R
|
|
|
**
|
|
|
|
439,301
|
|
|
T. Rowe Price Retirement
|
T. Rowe Price Retirement 2020-R
|
|
|
**
|
|
|
|
1,226,145
|
|
|
John Hancock Funds
|
J Hancock Balanced Fund-R4
|
|
|
**
|
|
|
|
1,207,872
|
|
|
T. Rowe Price Retirement
|
T. Rowe Price Retirement 2030-R
|
|
|
**
|
|
|
|
112,713
|
|
|
T. Rowe Price Retirement
|
T. Rowe Price Retirement 2040-R
|
|
|
**
|
|
|
|
265,600
|
|
|
T. Rowe Price Retirement
|
T. Rowe Price Retirement 2050-R
|
|
|
**
|
|
|
|
17,688
|
|
|
* Clayton Williams Energy, Inc.
|
Common Stock
|
|
|
**
|
|
|
|
11,140,007
|
|
|
* DWS Investment Company
|
Cash
|
|
|
|
|
|
|
111,654
|
|
|
|
|
|
|
|
|
|
$
|
30,558,821
|
|
*
Indicates each identified person/entity known to be a party-in-interest for the year ended December 31, 2010.
|
**
Historical cost information is omitted as permitted for participant-directed transactions under an individual account plan.
|
See Report of Independent Registered Public Accounting Firm.
S-1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
CLAYTON WILLIAMS ENERGY, INC.
|
|
|
|
401(k) Plan & Trust
|
|
|
|
(Name of Plan)
|
|
|
|
By:
|
Clayton Williams Energy, Inc.
|
|
|
|
|
Plan Administrator
|
|
|
|
|
|
|
|
|
|
|
|
Date:
|
June 27, 2011
|
By:
|
/s/ Mel G. Riggs
|
|
|
|
|
Mel G. Riggs
|
|
|
|
|
Executive Vice President and Chief
|
|
|
|
|
Operating Officer
|
CLAYTON WILLIAMS ENERGY, INC.
EXHIBIT INDEX
|
Exhibit
|
|
|
|
Number
|
|
Description of Exhibit
|
|
|
|
|
|
23
|
|
Consent of Independent Registered Public Accounting Firm
|
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