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Gold/Mining/Energy Clayton Williams Energy (CWEI) OIL

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To: David Alan Cook who wrote (973)	3/18/1998 2:14:00 PM
From: Heretic	of 1017

Rig rates have started to fall and could collapse as drillers are cancelling orders in light of oil prices. It will be interesting to track this and see how much cost savings Clayton will realize on the first CV well.

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To: Heretic who wrote (974)	3/18/1998 5:49:00 PM
From: David Alan Cook	of 1017

CWEI has been hurt along with other oil companies as the group has been out of favor. HOWEVER, CWEI unlike many of the other oil companies has hedged 87% of oil production at much higher prices ( $19+) DC

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To: Heretic who wrote (974)	3/24/1998 9:54:00 PM
From: Mel Spivak	of 1017

Nice bounce, guys

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To: Mel Spivak who wrote (976)	5/6/1998 6:54:00 PM
From: RonN	of 1017

Well, nice and quiet recently around here. I haven't heard word one from IR and was wondering if anyone else has? It's time to see this thing breakout. Hopefully the results of the first drill will help it along. Anyone have info on projected results from the first CV Well?

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To: RonN who wrote (977)	5/11/1998 12:34:00 PM
From: Heretic	of 1017

Clayton Williams Energy Begins Cotton Valley Pinnacle Reef Well biz.yahoo.com

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To: Heretic who wrote (978)	9/10/1998 11:08:00 PM
From: Patrick J. Saunders	of 1017

Anyone think CWEI is a buy at this point? pat

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To: Patrick J. Saunders who wrote (979)	9/22/1998 7:38:00 PM
From: David Alan Cook	of 1017

CWEI - News about Reef Well . . .encouraging: www1.newsalert.com Final results in 3 weeks. Oil and gas starting to turn up. DC

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To: David Alan Cook who wrote (980)	10/20/1998 9:07:00 PM
From: David Alan Cook	of 1017

CWEI released an update on the Cotton Valley prospects. Looks good. . . Anxious to see the numbers. . . . DC

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To: David Alan Cook who wrote (981)	11/4/1998 1:18:00 AM
From: Miller Houghton	of 1017

There is some good info on cwei's Cotton Valley play over on Yahoo finance. Talk on the streets of Midland is encouraging. This could have a strong move up if the well tests as strong as it sounds. They should be through with the sidetrack in 20 days or less so maybe our patience will pay off. Hope so anyway. I asked Lujuanda Holder by email today if the stock window has been opened yet to employees . Insider buying would also be a strong indicator of things to come. As you probably know cwei has stopped all of it's Austin Chalk drilling as it is not profitable at $12 oil.

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To: Miller Houghton who wrote (982)	1/7/1999 12:24:00 PM
From: RCJIII	of 1017

I am hearing CWEI just hit a massive gas well and it will be announced very soon. Can anyone confirm? RCJIII

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