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

Permian Basin

Located in West Texas and Southeastern New Mexico, the Permian Basin is one of the oldest oil and gas producing basins in the United States. Hydrocarbons formed when the Permian sea retreated to the south leaving behind an elliptically-shaped layer of thick sediment which has been explored and developed in a multitude of zones since the first commercial well was drilled in 1921. The Permian Basin comprises several smaller basins, including the Delaware Basin, Midland Basin and Central Basin Platform.  Cimarex operations are focused in the Delaware Basin where the company has a strong land position with multiple horizontal drilling opportunities in the Wolfcamp Shale, Bone Spring Sands and Avalon Shale.

The prolific oil-producing Bone Spring and Wolfcamp formations account for most of the company’s current Permian Basin activity and production.  Cimarex continues to see marked improvement in well results due to newer completion techniques and the use of longer laterals. As Cimarex enters development mode, we will continue to apply new techniques to maximize productivity and returns for each area.

The Permian Basin accounted for 68 percent of Cimarex’s year-end 2019 proved reserves and 69 percent of total production. 

2019 Data

Total Capital ($millions) 1,121
Net Wells Drilled & Completed 76
Gas (MMcfd) 399
Oil (MBpd) 72.3
NGL (MBpd) 52.0
Total Equivalent (MBOEpd) 190.7
Proved Reserves
Gas (Bcf) 870
Oil (MBbl) 147,662
NGL (MBbl) 130,007
Total Equivalent (MMBOE) 423