Cimarex Announces 2020 Capital Investment Plans and Production and Expense Guidance
DENVER, Feb. 19, 2020 /PRNewswire/ — Total capital investment estimated to be $1.25 – 1.35 billion Includes drilling and completion capital of $0.95 – 1.05 billion Generates nine percent oil growth at the midpoint Free cash flow positive in 2020 assuming $50/bbl WTI* and $2.25/Mcf NYMEX* *Equates to realized prices of $48.00/bbl of oil and $.65/Mcf of gas ($.05/Mcf for Permian gas) using current strip pricing