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Cimerex -oilandgas360

Cimarex Announces Reduction in 2020 Capital Plans

DENVER, March 17, 2020 /PRNewswire/ — Cimarex Energy Co. (NYSE: XEC) today announced that, due to the recent drop in oil prices, it expects a 40-50 percent reduction in its 2020 capital investment program from its original guidance of $1.25–$1.35 billion.