Clayton Williams Energy, Inc., an independent oil and gas company, explores for, and develops and produces oil and natural gas primarily in Texas, Louisiana, and New Mexico. The company’s principal properties are located in the Permian Basin of West Texas and Southeastern New Mexico, as well as the Giddings Area in East Central Texas. As of December 31, 2014, it had estimated proved reserves of 75,430 thousand barrels of oil equivalent. The company also owns interests in and operates oil, natural gas, and water service facilities, which consist of approximately 380 miles of pipeline, 2 treating plants, 1 dehydration facility, and various wellhead type treating and/or compression stations situated in the states of Texas and Louisiana. Clayton Williams Energy, Inc. was founded in 1991 and is headquartered in Midland, Texas.