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
Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to
Most wells testing in the top 20: EOG leads the Eagle Ford, Pioneer leads the Midland, Cimarex leads the Delaware KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter of the year, noting that activity is down overall, but that test rates are increasing per well. July 2016 production
It was standing room only when Tom Jorden, Cimarex Energy’s president and CEO, started running through the company’s business model and outlined its Anadarko basin and Delaware basin assets on day two of EnerCom’s 21st annual The Oil & Gas Conference® in Denver. “Re-investing our cash flow at the highest rate of return” is how Jorden stated the Cimarex mission.
Cimarex Energy (ticker: XEC) will be presenting at EnerCom’s The Oil & Gas Conference® 21 in Denver on August 16, 2016, at 1:00 p.m. EST. Cimarex is an independent exploration and production company based in Denver, Colorado with oil and gas properties located in Oklahoma, Texas, and New Mexico. The majority of the company’s activity is located in the Permian
Cimarex Balances Innovation and Efficiency Cimarex (ticker: XEC) continues to look for the best long-cycle returns on their drilling, and the company appears to have found it in its long-length laterals. The company is increasingly looking to improve the efficiency of its two-mile laterals, reporting that its first lateral of this length in the Meramec in Oklahoma is showing a
Cimarex Energy CEO Tom Jorden spoke with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Jorden talked about his company’s capital spending plans and new developments in the Wolfcamp in the Permian basin and the Woodford Mid-Continent asset, including significant improvements from longer laterals and increased stages. … Username or E-mail
On the final day of EnerCom’s The Oil & Gas Conference®, a number of energy experts shared their insight into energy market opportunities. James Constas, EnerCom Managing Director EnerCom Managing Director James Constas gave a presentation called “Saudi America: the Unexpected Swing Producer.” Constas made the case that three primary factors have determined a cartel’s pricing power: a physical commodity,
Thomas E. Jorden, President, Chairman and Chief Executive Officer of Cimarex Energy (NYSE: XEC), presented today at EnerCom’s The Oil & Gas Conference 20®. Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S. Total company production averaged 1,000 Bcfe/d during the second
MarkWest Energy Partners Announces New Commercial Agreements to Provide Processing Services for Cimarex and Chevron in the Permian Basin MarkWest Energy Partners, L.P. (MWE) (“MarkWest”) announced today the completion of long-term, fee-based agreements to support producer development in the Delaware Basin of West Texas. Under terms of the agreements, MarkWest will install a 200 million cubic feet per day cryogenic
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