Operations

Overview

Cimarex is a leading exploration and production company with operations in Texas, Oklahoma and New Mexico.  Most of our drilling takes place in the Wolfcamp Shale and Bone Spring Sands in the Permian Basin and in the Woodford Shale in Western Oklahoma.  Driven by strong rates of return from oil and liquids-rich natural gas opportunities, Cimarex invested $735 million on exploration and development activities in the Permian and Mid-Continent in 2016 and plans to invest $1.1-1.2 billion in these areas during 2017.

Cimarex has successfully grown proved reserves to 2.9 trillion cubic feet equivalent (Tcfe) at December 31, 2016.  High-return oil and natural gas liquids account for 49 percent of total proved reserves, up from 41 percent five years ago.  Daily production averaged 963 MMcf of gas equivalent (MMcfe) during 2016; 48 percent natural gas; 28 percent oil and 24 percent natural gas liquids.

Regions

Drill Deeper