Cimarex Energy Company News

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Is the US Shale Boom Really About to End?
Thursday, December 26, 2019 While there is distress for some companies, the situation offers an opportunity for others.

A Small Oil Field In Oklahoma Is Seeing Big Bets From Producers
Monday, March 19, 2018 Investments are now paying off as production levels rise and soaring land costs in the Permian have producers looking to other fields for expansion.

Texas Shale Drillers Lure $2 Billion in New Equity to Permian
Tuesday, February 02, 2016 Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel.

Devon Buys 50,000 shale acres for $249 million cash
Tuesday, May 06, 2014 Devon Energy says it acquired 50,000 acres and some production in the Cana-Woodford Shale in Oklahoma for $249 million in cash from Cimarex.

Oil Price Slide May Hit Small Oil Companies' Spending Plans for 2012
Thursday, October 06, 2011 An unexpected drop in oil prices is beginning to give small and medium-sized oil companies pause, even though larger oil companies seem unfazed by it.

Drilling Begins at FieldPoint's Lea County Well
Wednesday, August 10, 2011 FieldPoint announced that drilling has begun on the East Lusk 15 in Lea County, New Mexico.

FieldPoint-Cimarex JV to Drill in Lea County
Tuesday, July 27, 2010 FieldPoint and Cimarex Energy plan to drill the first East Lusk Federal field wells this fall.

Cimarex Barrels Out Avg. of 594.4 MMcfe/d in 2Q
Tuesday, July 27, 2010 Cimarex announced second-quarter production volumes averaged 594.4 million cubic feet equivalent per day (MMcfe/d).

Cimarex Touts $192.6MM in 1Q
Friday, May 07, 2010 Cimarex reported first-quarter 2010 E&D capital totaled $192.6 million, up from $142.0 million in the first quarter of 2009.

Cimarex Sees 25% Increase in Production
Tuesday, April 27, 2010 Cimarex announced first-quarter oil and gas production volumes averaged 584.5 million cubic feet equivalent per day. First-quarter 2010 production grew 25% sequentially from the fourth-quarter 2009 average of 467.6 MMcfe/d.

Cimarex Completes Cash Offer to Repurchase Convertible Notes
Tuesday, December 16, 2008 Cimarex has announced the results of its offer to purchase for cash any and all of its outstanding $125 million, Floating Rate Convertible Senior Notes due 2023.

Cimarex Expands Woodford Shale Position with $180MM Acquisition
Tuesday, October 21, 2008 Cimarex has entered into an agreement with Chesapeake Energy Corporation to acquire 38,000 net acres for $180 million.

Cimarex Increases Q4 2007 Oil/Gas Production by 7%
Thursday, February 07, 2008 Cimarex Energy Co. reported that fourth-quarter 2007 oil and gas production volumes averaged 471.1 million cubic feet equivalent per day (MMcfe/d), up 7% from the fourth-quarter 2006 average of 440.9 MMcfe/d.

Cimarex Announces 50% Increase in Quarterly Cash Dividend
Wednesday, December 12, 2007 Cimarex Energy increases its regular cash dividend on its common stock from U.S. $0.04 to $0.06 per common share.

Cimarex Reports on Third-Quarter
Wednesday, October 31, 2007 Cimarex oil and gas production volumes averaged 448.5 mcfe/d for the quarter, and the company has drilled 345 gross wells since the start of 2007.

Cimarex Declares Dividend
Friday, September 21, 2007 Cimarex Energy has declared a regular cash dividend on its common stock of 4 cents-per-share.

Cimarex Reports 2Q 2007 Earnings of $0.93 per Share
Wednesday, August 01, 2007 Cimarex Energy reported second-quarter 2007 net income of $78.7 million, or $0.93 per share.

Cimarex Updates Production Volumes for 2Q07
Thursday, July 26, 2007 Cimarex Energy's second-quarter 2007 oil and gas production volumes averaged 442.6 million cubic feet equivalent per day (MMcfe/d).

Newpark Names Box Chairman of the Board
Friday, June 15, 2007 Newpark Resources, Inc. on Thursday announced that Mr. Jerry W. Box, age 68, has been elected as non-executive Chairman of the Board of Directors, effective June 13, 2007.

Cimarex Posts Lower Q1 Earnings
Wednesday, May 09, 2007 Cimarex Energy Co. on Wednesday reported first-quarter 2007 net income of $64.6 million, or $0.77 per share. This compares to first-quarter 2006 earnings of $110.2 million, or $1.29 per diluted share.

Cimarex Announces Q1 Production Volumes, Ops Update
Tuesday, May 01, 2007 Cimarex Energy Co. on Monday announced that first quarter 2007 oil and gas production volumes averaged 441.5 million cubic feet equivalent per day (MMcfe/d).

Cimarex Prices $350M of Senior Notes
Wednesday, April 18, 2007 Cimarex Energy Co. has sold $350 million of 7.125% senior notes that will mature May 1, 2017.

Cimarex Announces $300M Senior Notes Offering
Wednesday, April 11, 2007 Cimarex Energy Co. has filed a registration statement with the Securities and Exchange Commission relating to the public offering of $300 million principal amount of senior unsecured notes due 2017.

Cimarex Declares Quarterly Cash Dividend
Wednesday, February 28, 2007 The board of Cimarex Energy Co. has declared a regular cash dividend on its common stock of 4 cents per share. The dividend is payable on June 1, 2007, to stockholders of record on May 15, 2007.

Cimarex Reports Lower Q4 Earnings
Thursday, February 15, 2007 Cimarex Energy Co. reported fourth-quarter 2006 net income of $58.7 million, or $0.70 per diluted share. This compares to fourth-quarter 2005 earnings of $168.4 million, or $1.98 per diluted share.

Cimarex Declares Dividend
Thursday, December 14, 2006 Cimarex Energy Co. said that its Board of Directors has declared a regular cash dividend on its common stock of 4 cents-per-share.

Cimarex Reports Third-Quarter Earnings of $1.11 per Share
Monday, November 06, 2006 Cimarex Energy Co. reported third-quarter 2006 net income of $94.0 million, or $1.11 per diluted share. This compares to third-quarter 2005 earnings of $64.1 million, or $0.76 per diluted share.

Cimarex Energy Declares Quarterly Cash Dividend
Friday, May 19, 2006 Cimarex Energy has declared a regular cash dividend on its common stock of 4 cents-per-share.

Cimarex Energy Reports First-Quarter 2006 Earnings of $1.29 per Share
Friday, May 05, 2006 Cimarex Energy reported first-quarter 2006 net income of $110.2 million, or $1.29 per share. This compares to first-quarter 2005 earnings of $43.4 million, or $1.00 per diluted share.

Cimarex Energy Sees Significant Increase in 1Q06 Production Volumes
Tuesday, April 25, 2006 Cimarex Energy announced that first-quarter 2006 oil and gas production volumes averaged 460.1 million cubic feet equivalent per day (MMcfe/d), a 91 percent increase over the 240.4 MMcfe/d in the same period a year earlier.

Cimarex Energy Announces Year-End Reserves
Wednesday, February 08, 2006 Cimarex Energy reported year-end 2005 proved reserves of 1.393 trillion cubic feet equivalent (Tcfe), a 210 percent increase over year-end 2004.

Cimarex Energy Sees Increase in Third Quarter Numbers
Thursday, November 03, 2005 Cimarex Energy says revenues from oil and gas sales rose 187% in the third quarter of 2005 to a record $343.5 million, compared to $119.6 million in the same period of 2004.

Cimarex Energy Provides Third Quarter Update
Friday, October 21, 2005 Cimarex's third-quarter 2005 oil and gas production volumes increased by 102 percent over the same period a year earlier to 445.8 million cubic feet equivalent per day (MMcfe/d).

Cimarex Energy Restores 35 MMcfe/d of Natural Gas Production
Tuesday, October 04, 2005 Cimarex Energy has restored approximately 35 million cubic feet per day of natural gas equivalent production (MMcfe/d) since the end of September.

Cimarex Energy Says Gas Production Remains Shut-in
Wednesday, September 28, 2005 Cimarex Energy says that approximately 125 million cubic feet per day of its natural gas equivalent production (MMcfe/d) remains shut-in as a result of hurricane activity in the Gulf of Mexico and nearby coastal areas.

Cimarex Energy Says Offshore Platforms Intact
Thursday, September 01, 2005 Cimarex Energy says that as of this morning aerial surveys indicated that all operated platforms and producing structures are intact and appear to have suffered only minimal damage.

Cimarex Energy & Magnum Hunter Receive Stockholder OK for Merger
Monday, June 06, 2005 Cimarex Energy and Magnum Hunter Resources report that their respective stockholders overwhelmingly approved proposals necessary for the two companies to merge.

Scientific Drilling's Gyro MWD Reaches One Million Feet
Monday, May 02, 2005 On March 15, 2005, a navigation system from Scientific Drilling, became the industry's first gyro MWD technology to log one million ft of hole. Scientific Drilling accomplished the feat with its gMWD system while drilling for operator Cimarex on a land rig in Texas.

Waiting Period Expires for Cimarex/Magnum Hunter Merger
Friday, March 18, 2005 Cimarex Energy and Magnum Hunter report that the waiting period under the Hart-Scott-Rodino Antitrust Act has expired.

Cimarex Energy to Acquire Magnum Hunter
Wednesday, January 26, 2005 Cimarex Energy and Magnum Hunter Resources announced that their boards of directors have unanimously approved an agreement and plan of merger that provides for the acquisition by Cimarex of Irving-based Magnum Hunter.