Quarterly / Earnings Reports | Debt | Third Quarter (3Q) Update | Production Rates | Capital Markets | Capital Expenditure | Drilled Uncomplete (DUC) | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2017 | Drilling Program
Operator Details 2017 Drilling Plans; Focused on STACK/SCOOP, Permian
Print
|
Cimarex Energy Co. third quarter 2016 operational and financial results and provided guidance for the fourth quarter and full-year 2016.
Capital Expenditure: Production:Total company production averaged 947 MMcfe per day during Q3 2016, slightly below the low end of company guidance of 950 – 980 MMcfe per day.
Natural gas production averaged 447 MMcf per day (47 percent of total), Oil production averaged 44,532 barrels per day (28 percent of total) and NGL production averaged 38,786 barrels per day (25 percent of total).Compared to the same period in 2015, year-over-year:
Natural gas volumes decreased 4% Oil volumes decreased 11% NGL volumes were up 8%In total, Q3 2016 production was three percent lower than Q3 2015 production.
Lowered estimated fourth quarter production to 945 –…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Mid-Continent News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…