Exploration & Production | Top Story | Quarterly / Earnings Reports
Cimarex Successfully Tests New Wolfcamp Completion
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Cimarex Energy Co. has reported third quarter 2013 net income of $138.4 million, or $1.59 per diluted share.
The company also touted its lastest Wolfcamp A completion.
Cimarex Chairman and CEO, Tom Jorden, said, "The third quarter not only produced excellent financial results, it was also a period of strong technical momentum in the Texas Delaware Basin Wolfcamp shale. We completed a Reeves County Wolfcamp A horizontal well using a 10,000-foot lateral and have also tested upsized frac stages on our traditional 5,000-foot lateral, increasing the number from 12 stages to 20. Both were operational and economic successes. These new completion techniques will most certainly play into our future development plans for this large, stacked-pay resource."
Cimarex invested $388 million on…
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