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Clayton Williams Energy (CWEI) is an Oil Exploration and Producer. Earnings for 1996 were $1.77 and CWEI is selling at 7 times earnings. CWEI is presently performing a 3-D seismic survey in search of Cotton Valley formation pinnacle reef wells. A single pinnacle reef well has the potential to double the size of the company. In the meantime the company continues to improve its production in the Austin Chalk formation and has recently added a third drilling rig. The following URLs provide information: SEC Edgar Filings sec.gov Home Page: marshill.com Earnings and Production Figures techstocks.com | ||||||||||||||
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