Operator · Bone Spring, Cana - Woodford Shale & Permian Basin
Cimarex Energy Co.
80 articles mentioning Cimarex Energy Co. · Page 1 of 4
Cabot, Cimarex Finalize Combination; Emerges as Coterra Energy
Coterra Energy Inc. announced the successful completion of the combination of Cabot Oil & Gas Corp. and Cimarex Energy Co. Coterra's common stock will trade on the New York Stock Exchange under the ticker symbol "CTRA"...
Cimarex Energy Second Quarter 2021 Results
Cimarex Energy Co. reported second-quarter 2021 financial and operating results. Net income for second-quarter 2021 totaled $113.4 million, or $1.10 per share. Net income for the quarter was impacted by a mark-to-market loss on the Company's...
Cimarex Energy First Quarter 2021 Results
Cimarex Energy Co. reported its Q1 2021 results. Cimarex reported first-quarter 2021 financial and operating results. Net income for first-quarter 2021 totaled $128.1 million, or $1.25 per share. Net income for the quarter was impacted by...
US Well Services Files Lawsuit Against Halliburton, Cimarex
U.S. Well Services, Inc. has filed a lawsuit for patent infringement against Halliburton Company and Cimarex Energy Co. The original complaint alleges infringement of multiple U.S. Well Services patents. The alleged infringements are related to U.S....
Cimarex Names Former Concho Exec as VP of Investor Relations
Cimarex Energy Co. announced that Megan Hays will join Cimarex as Vice President of Investor Relations. About Hays Megan joins Cimarex from Concho Resources Inc., where she most recently served as Vice President of Investor Relations...
Cimarex Energy Fourth Quarter, Full Year 2020 Results
Cimarex Energy Co. reported its Q4 / full year 2020 results. Financials Cimarex reported net income for fourth quarter 2020 of $24.7 million, or $0.25 per share, compared to a net loss of $384.1 million, or...
Cimarex Ramps Up Spending Over 20% for 2021; Bets Bulk on Permian
Cimarex Energy Co. announced its projected 2021 total capital investment (including midstream capital) plan. 2021 Plan - 2021 Capex: $650-750 million - up 21% at the midpoint from 2020 D&C: $500-600 million (90% ($450-540 million) allocated...
Cimarex Energy Third Quarter 2020 Results
Cimarex Energy Co. reported its Q3 2020 results Highlights: Generated Net Cash Provided by Operating Activities of $259 million Generated $139 million of free cash flow after dividend (Non-GAAP) Invested $83 million in the quarter Oil...
PE-Backed Company Acquires Water System from Permian E&P
The company said it acquired water assets from a Permian E&P. The assets included...
Cimarex Energy 2Q 2020 Results, Ramping Up Rig Count, and Frac Crews
Cimarex Energy Co. reported its Q2 2020 results. The company is planning to ramp up its drilling activity after taking a break in May/June. The company plans to ramp up its rig count to 4 by...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Cimarex Energy First Quarter 2020 Results
Cimarex Energy Co. reported its Q1 2020 results. Financial Results Cimarex reported a first quarter 2020 net loss of $774.3 million, or $7.77 per share, compared to net income of $26.3 million, or $0.26 per share,...
Permian E&P to Drop From Ten (10) Rigs to One; Heding Update
Cimarex Energy provided an update to its 2020 plans. Defer All D&C; Drop from 10 Rigs to One The company said it plan to defer all completions and drop from its current 10 rig program in...
Cimarex Lowering 2020 Spending 45%
Cimarex Energy Co. reported that it expects a 40-50% reduction in its 2020 capital investment program from its original guidance of $1.25-$1.35 billion. This would bring 2020 estimated planned spending to $625-810 million (~$720 at the...
Cimarex Details 2020 Capex; Spending, Production to be Relatively Flat YOY
Cimarex Energy Co. has detailed its 2020 capital program. 2020 Details Cimarex plans to spend $1.25 - 1.35 billion, a decrease of 2% YOY. STACK spending takes the biggest hit as 2020 capex plans come in...
STACK E&Ps; Outline 2020 Dev Plans; Rigs & Completions Counts
What a difference a year has made, especially when it comes to the Anadarko Basin. Below is chart showing the 2020 vs. 2019 completion programs for some of the STACK/SCOOP operators. Activity has seen a dramatic...
Cimarex Reports Q4 2019 Results; Permian Output Up 50% YOY, MidCon Drops
Cimarex Energy Co. reported a net loss for fourth quarter 2019 of $384.1 million, or $3.87 per share, compared to net income of $316.2 million, or $3.32 per share, in the same period a year ago....
Cimarex Reports Fourth Quarter and Full Year 2019 Results
Cimarex Energy Co. (NYSE: XEC) today reported a net loss for fourth quarter 2019 of $384.1 million, or $3.87 per share, compared to net income of $316.2 million, or $3.32 per share, in the same period...
Cimarex COO to Retire in Mid-Year 2020
Cimarex Energy Co. announced that its Executive Vice President and Chief Operating Officer (COO), Joe Albi plans to retire from the company effective July 1, 2020. Mr. Albi has been with Cimarex since its formation in...
Several E&P's Talk Oilfield Water Management Strategies
The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies. The main question being asked is whether to take the cash now (from a sale) and risk higher...