Clayton Williams gets $150m from Ares

US junior Clayton Williams has sold $150 million in shares to hedge fund Ares Management to help reduce debt and fund its drilling campaign in the Delaware sub-basin of the Permian.

Cashing up: Clayton Williams gets further backing from Ares Management
Cashing up: Clayton Williams gets further backing from Ares Management
Published 25 July 2016, 17:35Updated 26 July 2016, 08:15