Wednesday, January 1, 2025

Cimarex: Permian Drives Up Production

Cimarex Energy (ticker: XEC) raised its 2017 production guidance to 1.13 Bcfe per day from 1.09 Bcfe per day following the establishment of increased Q1 production. The company, which has operations based in the Mid-Continent and in the Permian basin, cited improvements in well results, a period of good weather, and a lack of significant outages all as reasons for

PetroQuest Translating Cash Flow Growth into Production Growth

Between its East Texas and Gulf of Mexico assets, PetroQuest (ticker: PQ) produced 5.225 Bcfe during Q1, 2017 at an average rate of approximately 58 Mmcfe per day. The company’s 2016 reserves value was reported at approximately 115 Bcfe, 72% of which was located in the East Texas assets and the other 28% in the Gulf Coast assets. PetroQuest expects