Operations

Quality assets, technical innovations and reliable project execution leading to superior returns

Overview

Cimarex is a leading exploration and production company with operations in Texas, Oklahoma and New Mexico. Most of our wells are drilled in the Wolfcamp Shale and Bone Spring Sands in the Permian Basin and in the Woodford and Meramec Shales in Western Oklahoma. Driven by strong rates of return from oil and liquids-rich natural gas wells, Cimarex invested $1.32 billion in the Permian and Mid-Continent regions in 2019 and plans to invest $1.25 to $1.35 billion in these areas during 2020.

Cimarex's proved reserves grew to 620 million barrels of oil equivalent (MMBOE) at December 31, 2019. Daily production averaged 278.5 thousand barrels of oil equivalent (MBOE) during 2019 - 41 percent natural gas, 31 percent oil and 28 percent natural gas liquids. This results in a daily production five year compound annual growth rate of 11 percent. Cimarex estimates its 2020 daily production will be in the range of 270 to 286 MBOE, 91 to 97 MBbl.

2019 Data

Total Capital ($millions) 1,315
Net Wells Drilled & Completed 92
Production
Gas (MMcfd) 689
Oil ( MBpd) 86.2
NGL ( MBpd) 77.4
Total Equivalent (MBOEpd) 278.5
Proved Reserves
Gas (Bcf) 1,532
Oil (MBbl) 169,770
NGL (MBbl) 194,468
Total Equivalent (MMBOE) 620