Exhibit 10.2

 

May 22, 2012

 

To:                            Clayton Williams Energy, Inc. (“Clayton Williams”
or the “Company”)

 

From:            JPMorgan Chase Bank, N.A. (“J.P. Morgan” or the “Administrative
Agent”)

 

Re:                             Clayton Williams Spring Redetermination

 

The May 1, 2012 Redetermination of the Borrowing Base for Clayton Williams has
been completed.  Pursuant to Article III of the Second Amended and Restated
Credit Agreement dated November 29, 2010, please be advised that all lenders
have approved the proposed Borrowing Base increase from $475,000,000 to
$565,000,000 and continuing until the next Redetermination scheduled for
November 1, 2012.  Additionally, the Administrative Agent and all Lenders have
approved the increase in the Maximum Facility Amount from $500,000,000 to
$565,000,000 effective as of May 22, 2012.  All Lenders have elected to
participate in the requested increase.

 

 

CLAYTON WILLIAMS ENERGY, INC.

 

 

 

Signature:

/s/ Michael L. Pollard

 

 

 

 

Name:

Michael L. Pollard

 

 

 

 

Title:

Senior Vice President and Chief Financial Officer

 

 

 

 

Date:

5/22/2012

 

 

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