Exploration & Production
Cimarex Sees Permian Production Drop Due to Extreme Weather
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Cimarex Energy Co. experienced production curtailments in the Permian Basin primarily caused by the shut-in and repair of a third party natural gas liquids pipeline and the extremely cold winter weather experienced in late November and early December. Efforts to restore the majority of curtailed production have been successful.
To date, curtailments related to the pipeline repair, facilities freezing, oil and water hauling challenges along with other operational issues total approximately 1.8-2.0 Bcfe. As a consequence, production for the fourth quarter is now expected to be below the company's forecast of 714-734 MMcfe/d.
Chairman and CEO, Tom Jorden commented, "We were hit by multiple events that were both unforeseen and out of our control, and our staff responded with grit and…
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