Skip to main content Acquisition of Resolute Energy – Cimarex Energy Co. Investor Presentation | Shale Experts
Loading...
Pm

Acquisition of Resolute Energy – Cimarex Energy Co.

Cimarex Energy Co. · Nov 19, 2018 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 1
    Acquisition of Resolute Energy Corporation November 2018
  2. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 2
    Complementary Acquisition in Delaware Basin Adds 21,100 Net Acres in Prolific Reeves County, TX Full-Cycle Returns Compete for Capital with Existing Portfolio Accretive on All Relevant Financial Metrics Acquired Assets are…
  3. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 3
    Cimarex acquires Delaware Pure-Play Resolute Energy TRANSACTION HIGHLIGHTS Pro Forma Leasehold Map 1.6 billion transaction 60% stock / 40% cash after assumption of 710MM debt Pro forma, XEC and REN shareholders own 94.4% / 5.6%…
  4. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 4
    Transaction Overview Consideration: Cash and Stock REN Acquisition Price/Share 35.00 XEC shares per share of REN1 0.2366 Cash per share of REN1 14.00 XEC Equity Issued (MM Shares) 5.7 Equity Issued (MM)2 506 Preferred…
  5. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 5
    Strategic & Financial Benefits Adds 21,100 net acres in Reeves County Strategically Applies Cimarex proven best practices to maximize value Sound Increases oil weighting and substantially all acquired production on pipe…
  6. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 6
    Expands Delaware Footprint ASSET HIGHLIGHTS Acquired assets have 79% average W.I.; 83% HBP 35 MBoe/d (45% oil)1 36 horizontal wells completed Takeaway in place RECENT XEC UPPER WOLFCAMP WELL RESULTS Snowshoe development (8…
  7. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 7
    Cimarex Wells See Continued Productivity Gains REEVES COUNTY WELL PRODUCTIVITY 10,000 Laterals Cumulative Production - MBoe 2018 wells outperforming 16/17 results Technical advances driving increased productivity: Completion…
  8. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 8
    Cimarex is a Leader vs Peers in Delaware Basin 180-day Average Production per Well 180-day Average Production per Well BOE Barrels of Oil Average Cum 180 Boe (norm. 7,500 LL) Average Cum 180 Bbl (norm. 7,500 LL) % Oil % Oil…
  9. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 9
    Complementary Acquisition in Delaware Basin Adds 21,100 Net Acres in Prolific Reeves County, TX Full-Cycle Returns Compete for Capital with Existing Portfolio Accretive on All Relevant Financials Metrics Acquired Assets…
  10. Acquisition of Resolute Energy – Cimarex Energy Co. – slide 10
    Contact Info Contact Karen Acierno Cimarex Energy Co. Director Investor Relations 1700 Lincoln Street, Suite 3700 kaciernocimarex.com Denver, CO 80203 303-285-4957 303-295-3995 11

From the store

Browse maps, data & reports in the Shale Experts store