8-K 1 cwei8k110907.htm PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 cwei8k110907.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM 8-K



CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  November 7, 2007



CLAYTON WILLIAMS ENERGY, INC.
(Exact name of Registrant as specified in its charter)



Delaware
  
001-10924
  
75-2396863
(State or other jurisdiction of
  
(Commission File
  
(I.R.S. Employer
incorporation or organization)
  
Number)
  
Identification Number)



6 Desta Drive, Suite 6500, Midland, Texas
  
79705-5510
(Address of principal executive offices)
  
(Zip code)



Registrant's Telephone Number, including area code:   (432) 682-6324



Not applicable
(Former name, former address and former fiscal year, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨  Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨  Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))


In accordance with General Instruction B.2. of Form 8-K, all of the information furnished in Item 7.01 of this report and the accompanying exhibit shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not otherwise subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.


Item 7.01 -             Regulation FD Disclosure

The Company issued a news release on November 7, 2007 to report the sale of all of its producing and nonproducing acreage in Pecos County, Texas for $21 million, and also reported that the Company expects to record a gain of approximately $13 million in the fourth quarter of 2007 in connection with such sale.  A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 7.01.  The Company cautions users of this information that the estimates provided in this Item 7.01 and in Exhibit 99.1 are based on information available to the Company as of the date of this filing, and actual results may vary materially from these estimates.  The Company does not undertake any obligation to update these estimates as conditions change or as additional information becomes available.



Item 9.01 -             Financial Statements and Exhibits

(d)         Exhibits

The following exhibit is provided as part of the information furnished under Item 7.01 of this report.

Exhibit
    
Number
  
Description
     
99.1
  
News release issued November 7, 2007 by Clayton Williams Energy, Inc. reporting the sale of assets in Pecos County, Texas





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.



   
CLAYTON WILLIAMS ENERGY, INC.



Date:
November 8, 2007
By:
/s/ L. Paul Latham
     
L. Paul Latham
     
Executive Vice President and Chief
     
  Operating Officer



Date:
November 8, 2007
By:
/s/ Mel G. Riggs
     
Mel G. Riggs
     
Senior Vice President and Chief Financial
     
  Officer