Clayton Williams Energy, Inc. was founded in 1991 and is headquartered in Midland, Texas.Clayton Williams Energy, Inc., an independent oil and gas company, engages in the exploration for and production of oil and natural gas properties primarily in Texas, Louisiana, and New Mexico. As of December 31, 2008, it had 6,704 gross producing oil and gas wells; leasehold interests in approximately 1.2 million gross undeveloped acres; and proved reserves of 228.6 billion cubic feet of natural gas equivalents. Clayton Williams Energy, Inc. also has equity interest in a joint venture with Lariat Services, Inc. to construct, own, and operate 12 drilling rigs. In addition, Clayton Williams Energy owns and operates natural gas service facilities consisting of 94 miles of pipeline, 3 treating plants, 1 dehydration facility, 3 compressor stations, and 4 wellhead type treating and compression facilities.