Photographer: Spencer Platt/Getty Images

Explorer Clayton Williams Said to Be in Talks to Sell Itself

Clayton Williams Energy Inc., a Texas oil and gas explorer, is in talks to sell itself to another company, according to people familiar with the matter.

A deal for the Midland, Texas-based explorer could be announced as soon as this week, said the people, who declined to be named because the matter isn’t public.

A representative for Clayton Williams didn’t immediately return a call seeking comment.

Clayton Williams’s shares fell 2.3 percent to $103.98 in New York on Friday, giving the company a market value of about $1.8 billion.

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