Finance & Investing | Fundraising | Capital Markets
Cimarex Wraps Up Public Offering to Fund Drilling Increase
Cimarex Energy Co. announced the closing of its previously announced public offering of 6,000,000 shares of its common stock and the full exercise of the underwriters' option to purchase 900,000 additional shares.
Net proceeds of approximately $730 million, after deducting underwriting fees, are expected to be used for general corporate purposes and to fund increased drilling and completion activity in the second half of 2015 and more significantly in 2016.
J.P. Morgan and Barclays acted as joint book-running managers for the offering.
Related Categories :
Fundraising
More Fundraising News
-
Large Private Equity Firm Looking to Raise $8 Billion Fund -
-
DJ Basin Operator 2017 Capex Jumps 94% to $300 Million; 80 Wells Planned -
-
Exclusive : Bankrupt E&P Scores $240 Million To Fund Operations -
-
New Capital: 37 Private New E&P Companies Scored Over $5.8B in 2016; Here Is Where They Plan to Spend it -
-
Howard Midstream Lands Funding for South TX Pipeline Project
Permian News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -