Clayton Williams Energy provides status of strategic review

Clayton Williams Energy Inc. (NYSE: CWEI), which has engaged Goldman, Sachs & Co. to serve as financial advisor for a review of strategic alternatives to enhance shareholder value, has confirmed that this strategic review is ongoing, and that the company’s board and its advisors are actively considering possible transactions as a part of this review.

The transactions disclosed in the company’s Jan. 18 news release providing an update on recent activities were not associated with the ongoing strategic review. The company says that there can be no assurance that the strategic review will result in any transaction in the future, and no decision has been made to enter into any transaction at this time.

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