The Company also reported that it had abandoned the Kyle Peterman Management Corp #1 (Pigeon), a 15,000-foot exploratory well in Iberia Parish after determining that the well was nonproductive. The Company will record a pre-tax charge of approximately $7.5 million related to the abandonment of this well in the fourth quarter of 2006.
Clayton Williams Energy, Inc. is an independent energy company located in Midland, Texas.
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