Cimarex Energy Company

DENVER, Aug. 25, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that it has signed various purchase and sale agreements to sell $326 million of oil and gas assets. Included is the sale of 4,200 net acres and associated wells in the Midland Basin located in Reagan County, Texas, for $242 million. An additional $84 million of non-core properties in the Mid-Continent and Gulf Coast are also being sold [...]

Production of 839 MMcfe per day; Up 22% Year-over-Year DENVER, Aug. 5, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported second quarter 2014 net income of $148.6 million, or $1.70 per diluted share.   This compares to 2013 second quarter net income of $129.6 million, or $1.49 per diluted share.  Adjusted 2014 second quarter net income was $1.71 per diluted share(1).  Production volumes averaged 839 [...]

DENVER, July 8, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that it plans to report second quarter 2014 financial results and provide an operational update after market close on Tuesday, August 5, 2014.  The company will host its quarterly conference call at 1:00 PM EDT on Wednesday, August 6, 2014.   The call will be webcast and is accessible via the Cimarex website at www.cimarex.com.  To join [...]

Updates Production Guidance DENVER, June 30, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced the closing of its previously announced acquisition of Western Oklahoma assets primarily located in the Cana-Woodford shale play.   Following customary purchase price adjustments, the net amount paid at closing was $238 million.   The acquisition added approximately 140 billion cubic feet equivalent (Bcfe [...]

NEW YORK, June 12, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, June 20: An S&P 500 constituent will switch places with an S&P MidCap 400 constituent, and two S&P MidCap 400 constituents will switch places with two S&P SmallCap 600 constituents. These transfers will make each index more [...]

DENVER, May 20, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) ("Cimarex") today announced that it intends, subject to market conditions, to publicly offer $600 million aggregate principal amount of senior unsecured notes due 2024 in a registered underwritten offering.  Net proceeds from the offering will be used to repay in full amounts outstanding under its revolving credit facility and for general corporate [...]

DENVER, May 19, 2014 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.16 per share.  The dividend is payable on September 2, 2014, to stockholders of record on August 15, 2014.  About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with [...]

Cimarex today reported 2014 first quarter net income of $138.5 million, or $1.59 per diluted share. First quarter 2013 net income was $89.9 million, or $1.04 per diluted share. Adjusted 2014 first quarter net income was $145.3 million, $1.67 per diluted share. Driven by improved results in the Cana-Woodford shale play, first quarter production grew 12 percent to a record 740 million cubic feet equivalent per day compared [...]

Cimarex today announced that it has signed a purchase and sale agreement to acquire oil and gas assets primarily in the Cana-Woodford shale play in Western Oklahoma for $497.4 million in cash. Simultaneously, Cimarex entered into an agreement with Devon Energy to sell at closing a 50 percent interest in these assets for $248.7 million. The acquisition is expected to close on or before June 30, 2014, and is subject to [...]

Cimarex today announced that it plans to report first quarter 2014 financial results and provide an operational update prior to the market open on Wednesday, May 7, 2014. Cimarex will also host a conference call at 1:00 PM EST that day. The call will be webcast and is accessible via the company's website at www.cimarex.com. To access the live, interactive call, please dial 1-877-870-4263 ten minutes before the scheduled [...]