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 $1.57 billion for exploration and development activities in the Permian and Mid-Continent regions in 2018 and plans to invest $1.35 to $1.45 billion in these areas during 2019.

Cimarex's proved reserves grew to 591 million barrels of oil equivalent (MMBOE) at December 31, 2018. Daily production averaged 222 thousand barrels of oil equivalent (MBOE) during 2018; 42 percent natural gas; 31 percent oil and 27 percent natural gas liquids. This results in a daily production five year compound annual growth rate of 14 percent. Cimarex estimates its 2019 daily production will be in the range of 263 to 272 MBOE.

2018 Data

E&D Capital ($millions) 1,570
Net Wells Drilled & Completed 122
Production
Gas (MMcfd) 564
Oil ( MBpd) 67.7
NGL ( MBpd) 60.3
Total Equivalent (MBOEpd) 222
Proved Reserves
Gas (Bcf) 1,591
Oil (MBbl) 146,538
NGL (MBbl) 179,436
Total Equivalent (MMBOE) 591