Cimarex Energy Company

Shifted to Virtual Format Due to COVID-19 Pandemic Related Health Concerns Cimarex Energy Co. announced today that, due to the current situation regarding the public health impact of the COVID-19 pandemic and limitations within the State of Oklahoma on all non-essential gatherings of individuals, the Company has changed the format of its annual meeting of shareholders from a physical in-person meeting to a virtual [...]

Cimarex Energy Co. 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. Cimarex Chairman, President and CEO, Tom Jorden, said, "We are taking action in these challenging times. Our top priority is to preserve our balance sheet strength. Our revised outlook assumes $30 per barrel WTI price [...]

Cimarex Energy Co. today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8? percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on April 15, 2020, to holders of record at the close of business on April 1, 2020, and is for the period beginning on January 16, 2020 and ending on April 15, 2020. About Cimarex Energy Denver-based Cimarex Energy [...]

Cimarex Energy Co. announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.22 per share, a ten percent increase from the previous dividend. The dividend is payable on June 1, 2020, to stockholders of record on May 15, 2020. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in [...]

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 using current strip pricing Cimarex Energy Co. today announced its projected 2020 total capital [...]

Fourth quarter oil production averaged 92.0 MBbls per day Full year oil production averaged 86.2 MBbls per day 2019 capital investment totaled $1.32 billion; below guidance range Lower D&C costs drove the beat Generated $1.34 billion of net cash from operating activities $141 million of free cash flow1 in 2019; $59 million after dividend Cimarex Energy Co. today reported a net loss for fourth quarter 2019 of $384.1 [...]

Cimarex Energy Co. today announced it plans to report fourth quarter 2019 financial results on Wednesday, February 19, 2020, after market close. The company will host its quarterly conference call at 11:00 AM ET on Thursday, February 20, 2020. The call will be webcast and is accessible via the Cimarex website at www.cimarex.com. To join the live, interactive call, please dial 866-367-3053 ten minutes before the scheduled [...]

Cimarex Energy Co. today announced that its Executive Vice President and Chief Operating Officer , Joe Albi, has informed management and the Cimarex Board of Directors of his retirement as an officer and director of the company effective July 1, 2020. Mr. Albi has been with Cimarex since its formation in 2002, having joined Key Production Company at its outset in 1994. Key was transformed into Cimarex through a merger [...]

 Cimarex Energy Co. today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8? percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on January 15, 2020, to holders of record at the close of business on January 1, 2020, and is for the period beginning on October 16, 2019 and ending on January 15, 2020. About Cimarex Energy  Denver-based Cimarex [...]

 Cimarex Energy Co. announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.20 per share.  The dividend is payable on February 28, 2020, to stockholders of record on February 14, 2020.  About Cimarex Energy  Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent [...]