SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

(RULE 13D-102)

 

INFORMATION STATEMENT PURSUANT TO RULE 13D-1

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 1)

 

 

Clayton Williams Energy, Inc.


(Name of Issuer)

 

Common Stock


(Title of Class of Securities)

 

 

969490101

                                (CUSIP Number)                                

July 31, 2006


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)


CUSIP No. 969490101   Page 2 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            The PNC Financial Services Group, Inc. 25-1435979

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            Pennsylvania

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                1,239,218

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                1,239,118

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,239,218

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

             11.42

   
12)  

Type of Reporting Person (See Instructions)

 

            HC

   

 


CUSIP No. 969490101   Page 3 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            J.J.B. Hilliard, W.L. Lyons, Inc. 61-0734935

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            Kentucky

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                1,340

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                1,340

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,340

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

            0.01

   
12)  

Type of Reporting Person (See Instructions)

 

            IA

   

 


CUSIP No. 969490101   Page 4 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            PNC Bancorp, Inc. 51-0326854

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                 1,237,878

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                1,237,778

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,237,878

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

            11.41

   
12)  

Type of Reporting Person (See Instructions)

 

            HC

   

 


CUSIP No. 969490101   Page 5 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            PNC Bank, National Association 22-1146430

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            United States

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                100

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                -0-

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            100

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

             Less than 0.01

   
12)  

Type of Reporting Person (See Instructions)

 

            BK

   

 


CUSIP No. 969490101   Page 6 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            BlackRock Advisors, Inc. 23-2784752

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                1,237,778

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                1,237,778

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,237,778

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

            11.41

   
12)  

Type of Reporting Person (See Instructions)

 

            IA

   

 


CUSIP No. 969490101   Page 7 of 11 Pages

 

  1)  

Names of Reporting Persons

IRS Identification No. Of Above Persons

 

            State Street Research & Management Company 13-3142135

   
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

a)  ¨

b)  ¨

   
  3)  

SEC USE ONLY

 

   
  4)  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

 

 

  5)    Sole Voting Power

 

                 949,934

 

  6)    Shared Voting Power

 

                 -0-

 

  7)    Sole Dispositive Power

 

                 949,934

 

  8)    Shared Dispositive Power

 

                 -0-

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            949,934

   
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

¨

   
11)  

Percent of Class Represented by Amount in Row (9)

 

            8.76

   
12)  

Type of Reporting Person (See Instructions)

 

            IA

   

 


  Page 8 of 11 Pages
ITEM 1(a) -   

NAME OF ISSUER:

 

Clayton Williams Energy, Inc.

     
ITEM 1(b) -   

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

Three Radnor Corporate Center, Suite 300

100 Matsonford Road

Radnor, Pennsylvania 19087

     
ITEM 2(a) -   

NAME OF PERSON FILING:

 

The PNC Financial Services Group, Inc.; J.J.B. Hilliard, W.L. Lyons, Inc.; PNC Bancorp, Inc.; PNC

Bank, National Association; BlackRock Advisors, Inc.; and State Street Research & Management Company

     
ITEM 2(b) -   

ADDRESS OF PRINCIPAL BUSINESS OFFICE:

 

The PNC Financial Services Group, Inc. - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707

J.J.B. Hilliard, W.L. Lyons, Inc. – 501 South 4th Avenue, Louisville, KY 40202-2517

PNC Bancorp, Inc. - 300 Delaware Avenue, Suite 304, Wilmington, DE 19801

PNC Bank, National Association - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707

BlackRock Advisors, Inc. - 100 Bellevue Parkway, Wilmington, DE 19809

State Street Research & Management Company – One Financial Center, Boston, MA 02111

  
ITEM 2(c) -   

CITIZENSHIP:

 

The PNC Financial Services Group, Inc. – Pennsylvania

J.J.B. Hilliard, W.L. Lyons, Inc. - Kentucky

PNC Bancorp, Inc. - Delaware

PNC Bank, National Association - United States

BlackRock Advisors, Inc. – Delaware

State Street Research & Management Company - Delaware

     
ITEM 2(d) -   

TITLE OF CLASS OF SECURITIES:

 

Common

     
ITEM 2(e) -   

CUSIP NUMBER:

 

969490101

     
ITEM 3 -   IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:   
  (a)    ¨    Broker or dealer registered under Section 15 of the Exchange Act;
  (b)    x    Bank as defined in Section 3(a)(6) of the Exchange Act;
  (c)    ¨    Insurance Company as defined in Section 3(a)(19) of the Exchange Act;
  (d)    ¨    Investment Company registered under Section 8 of the Investment Company Act;
  (e)    x    An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f)    ¨    An Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g)    x    A Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h)    ¨    A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act;
  (i)    ¨    A Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act;
  (j)    ¨    Group, in accordance with Rule 13d(b)(1)(ii)(J).
  If this statement is filed pursuant to Rule 13d-1(c), check this box.    ¨


  Page 9 of 11 Pages
ITEM 4 -    OWNERSHIP:      
   The following information is as of July 31, 2006:      
   (a)    Amount Beneficially Owned: 1,239,218 shares*      
   (b)    Percent of Class: 11.42      
   (c)    Number of shares to which such person has:      
      (i)   

sole power to vote or to direct the vote

 

1,239,218

     
      (ii)   

shared power to vote or to direct the vote

 

-0-

     
      (iii)   

sole power to dispose or to direct the disposition of

 

1,239,118

     
      (iv)   

shared power to dispose or to direct the disposition of

 

-0-

     

____________     

*  Of the total shares reported herein, 100 shares are held in accounts at PNC Bank, National Association and 1,340 shares are held in accounts at J.J.B. Hilliard, W.L. Lyons, Inc., all in a fiduciary capacity.

ITEM 5 -   

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

 

Not Applicable.

  
ITEM 6 -   

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

 

Not Applicable.

     
ITEM 7 -   

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

 

Included are the following subsidiaries of The PNC Financial Services Group, Inc. - HC:

 

J.J.B. Hilliard, W.L. Lyons, Inc. – IA (indirect subsidiary of The PNC Financial Services Group, Inc.)

 

PNC Bancorp, Inc. - HC (wholly owned subsidiary of The PNC Financial Services Group, Inc.)

 

PNC Bank, National Association - BK (wholly owned subsidiary of PNC Bancorp, Inc.)

 

BlackRock Advisors, Inc. - IA (indirect subsidiary of PNC Bancorp, Inc.)

 

State Street Research & Management Company – IA (indirect subsidiary of BlackRock Advisors, Inc.)

ITEM 8 -   

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

 

Not Applicable.

     
ITEM 9 -   

NOTICE OF DISSOLUTION OF GROUP:

 

Not Applicable.

     
        


  Page 10 of 11 Pages
ITEM 10 -    CERTIFICATION:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

August 10, 2006

   

August 10, 2006

Date     Date
By:  

/s/ Joan L. Gulley

    By:  

/s/ Maria C. Schaffer

  Signature - The PNC Financial Services Group, Inc.       Signature - PNC Bancorp, Inc.
 

Joan L. Gulley, Vice President

     

Maria C. Schaffer, Executive Vice President

  Name & Title       Name & Title

August 10, 2006

   

August 10, 2006

Date     Date
By:  

/s/ Joan L. Gulley

    By:  

/s/ Robert S. Kapito

  Signature - PNC Bank, National Association       Signature - BlackRock Advisors, Inc.
 

Joan L. Gulley, Executive Vice President

     

Robert S. Kapito, Vice Chairman

  Name & Title       Name & Title

August 10, 2006

   

August 10, 2006

Date     Date
By:  

/s/ Robert S. Kapito

    By:  

/s/ James R. Allen

  Signature – State Street Research & Management Company       Signature – J.J.B. Hilliard, W.L. Lyons, Inc.
 

Robert S. Kapito, Vice Chairman

     

James R. Allen, Chairman & CEO

  Name & Title       Name & Title

AN AGREEMENT TO FILE A JOINT STATEMENT

WAS PREVIOUSLY FILED AS EXHIBIT A TO SCHEDULE 13G

BY THE PNC FINANCIAL SERVICES GROUP, INC., PNC BANCORP, INC.,

PNC BANK, NATIONAL ASSOCIATION, BLACKROCK ADVISORS, INC.

AND STATE STREET RESEARCH & MANAGEMENT COMPANY


  Page 11 of 11 Pages

EXHIBIT A

AGREEMENT

August 10, 2006

The undersigned hereby agrees to file a joint statement on Schedule 13G under the Securities and Exchange Act of 1934, as amended (the “Act”) in connection with its beneficial ownership of common stock issued by Clayton Williams Energy, Inc.

The undersigned states that it is entitled to individually use Schedule 13G pursuant to Rule 13d-1(c) of the Act.

The undersigned is responsible for the timely filing of the statement and any amendments thereto, and for the completeness and accuracy of the information concerning itself contained therein but is not responsible for the completeness or accuracy of the information concerning the other joint filers.

This Agreement applies to any amendments to Schedule 13G.

 

J.J.B. HILLIARD, W.L. LYONS, INC.
BY:  

/s/ James R. Allen

  James R. Allen, Chairman & CEO