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Clayton Williams Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Clayton Williams Energy, Inc. (CWEI)

Q2 2012 Earnings Call

July 26, 2012 2:30 PM ET

Executives

Patti Hollums – Director, IR

Mel Riggs – EVP and COO

Michael Pollard – SVP- Finance, Treasurer and CFO

Clayton Williams – Chairman, President and CEO

Greg Welborn – VP, Land

John Kennedy – Manager, Drilling

Analysts

Welles Fitzpatrick – Johnson Rice

Neal Dingmann – SunTrust Robinson Humphrey

Irene Haas – Wunderlich

Andrew Coleman – Raymond James

Mike Kelly – Global Hunter

Sean Sneeden – Oppenheimer

Irene Hass – Wunderlich

Ravi Kamath – Global Hunter

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Clayton Williams Energy Incorporated Second Quarter 2012 Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will be given at that time. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to introduce our host for today, Ms. Patti Hollums, Director of Investor Relations. Ma’am, please go ahead.

Patti Hollums

Thank you. Good afternoon and thank you for joining the Clayton Williams Energy Second Quarter 2012 Results Conference Call. Participating on our call today is Clayton Williams, President and CEO; Mel Riggs, Executive Vice President and COO; Mike Pollard, Senior Vice President and CFO, and Ron Gasser, our Engineering Manager.

This call will be recorded and will be available for replay on our website at claytonwilliams.com. You can access this replay through the Investor Relations tab and by clicking on the Conference Call link on the top right hand corner of the screen.

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