The Company hereby incorporates by reference into this Item 7.01 of Form 8-K the Financial Guidance Disclosures for 2008 attached as Exhibit 99.1. This Exhibit 99.1 is being furnished to provide public disclosure of the Company's estimates to permit preparation of financial models of the Company's operating results for each quarter during the Company's fiscal year ending December 31, 2008. The Company cautions users of this information that the estimates provided in this Exhibit 99.1 are based on information available to the Company as of the date of this filing, and actual results may vary materially from these estimates. The Company does not undertake any obligation to update these estimates as conditions change or as additional information becomes available.

(d) Exhibits

The following exhibit is provided as part of the information furnished under Item 7.01 of this report.

Exhibit
Number    Description

 99.1     Clayton Williams Energy, Inc. Financial Guidance Disclosures for 2008