Rahul Sharma (Editor)

Cimarex Energy

Updated on
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Covid-19
Type  Public company
Founded  2002
Revenue  1.453 billion USD (2015)
Industry  Petroleum industry
Key people  Thomas E. Jorden, CEO
Number of employees  925 (2015)
Traded as  NYSE: XEC S&P 500 Component
Production output  985 MMcfe of natural gas equivalent per day
Stock price  XEC (NYSE) US$ 125.61 +0.64 (+0.51%)3 Mar, 4:02 PM GMT-5 - Disclaimer
Headquarters  Denver, Colorado, United States
CEO  Thomas E Jorden (30 Sep 2011–)
Profiles
LinkedIn

Cimarex energy ceo producing profits mad money cnbc


Cimarex Energy Co. is a petroleum and natural gas exploration and production company headquartered in Denver, Colorado, with operations primarily in Texas, Oklahoma, and New Mexico.

Contents

Current operations

As of December 31, 2015, the company had 2.9 trillion cubic feet of natural gas equivalent of estimated proved reserves, of which 52% was natural gas and the remainder was petroleum and natural gas liquids.

In 2015, production averaged 985 million cubic feet of natural gas equivalent per day, 55% of which came from the Permian Basin and 44% of which came from the Rocky Mountains, particularly the Cana–Woodford in western Oklahoma.

History

The company was founded in 2002. The company was a corporate spin-off of Helmerich & Payne, which sought to separate its exploration and production business from its drilling business. In October 2002, shareholders of Helmerich & Payne received shares in Cimarex.

In 2005, the company acquired Magnum Hunter Resources in a $1.5 billion transaction.

In 2012, the company sold assets in Texas for $294 million.

In 2014, the company acquired assets in the Cana-Woodford, including 140 billion cubic feet equivalent of proved reserves and 50,000 net acres, in a $249 million transaction.

References

Cimarex Energy Wikipedia


Similar Topics
The Great Impersonation (1921 film)
Nebojsa Nakicenovic
Hacker T Dog
Topics
 
B
i
Link
H2
L