Clayton Williams Energy Inc. - 2011-03-07

Plans to offer up to $300 million aggregate principal amount of its senior notes due 2019 in a private placement to eligible purchasers.

Net proceeds will be used to repurchase its outstanding 7¾% senior notes due 2013, and to pay debt. To the extent 7¾% senior notes are not tendered in the tender offer, the company intends to use the net proceeds to pay or refinance outstanding indebtedness and for general corporate purposes.