Clayton Williams sells Austin Chalk, Eagle Ford wells and acreage for $71M

|About: Clayton Williams Energy, Inc. (CWEI)|By:, SA News Editor

Clayton Williams Energy (CWEI) says it is selling its Austin Chalk and Eagle Ford shale wells and acreage to an unnamed buyer for $71M.

CWEI says the sold properties are situated outside its core block of area acreage, and accounted for ~5% of the company's Q4 2013 oil and gas production and ~2% of its total year-end proved reserves.