Clayton Williams Energy (CWEI) OIL Message Board

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

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (304)	1/20/1997 10:35:00 AM
From: Buzz Mills	of 1017

CWEI to Repurchase Stock Midland, Texas, January 20, 1997 - Clayton Williams Energy, Inc. (NASDAQ-NMS:CWEI) announced today that its Board of Directors has approved the expenditure of up to $2,000,000 for the repurchase of shares of the Company's stock in open market transactions throughout 1997 at times and prices deemed appropriate by the Company. The repurchase will be subject to product prices remaining at acceptable levels, and other factors. Clayton W. Williams, Jr., President and Chief Executive Officer said that the anticipated increase in 1997 revenues resulting from currently favorable oil and gas prices affords the Company the opportunity to make an attractive investment and maintain its planned capital expenditures. Clayton Williams Energy, Inc. is an independent energy company located in Midland, Texas.

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