Cimarex Energy Co. announced today that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2029, which will carry an interest rate of 4.375 percent. The notes were sold to the public at 99.862 percent for a yield to maturity of 4.392 percent. Cimarex intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility. As of March 5 [...]
Cimarex Energy Co. announced that it completed its acquisition of Resolute Energy Corp. on March 1, 2019. Resolute stockholders were able to elect to receive all cash, all stock or a combination of the two, subject to proration, so that the aggregate merger consideration consisted of no more than 60 percent shares of Cimarex Common Stock and 40 percent cash, based on the closing sale price for shares of Cimarex Common [...]
Exploration & development capital investment estimated at $1.35 - 1.45 billion Includes drilling and completion capital of $1.1-1.2 billion Generates year-over-year production growth of 13-22% Led by oil growth of 15-30% Cash flow neutral at $50 oil; $52.50 including dividend Cimarex Energy Co. today announced its projected 2019 exploration and development capital investment of $1.35 - 1.45 billion, an 11 percent [...]
4Q daily production above guidance averaging 251.3 MBOE; 79,904 barrels of oil Daily production for the full year averaged 221.9 MBOE; 67,699 barrels of oil 2018 E&D expenditures below guidance at $1.57 billion Cimarex sold assets in Ward County, Texas, and reinvested in assets in Reeves County, Texas through the pending acquisition of Resolute Energy Corp. Cimarex Energy Co. today reported fourth quarter 2018 net income [...]
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, an 11 percent increase from the previous dividend. The dividend is payable on May 31, 2019, to stockholders of record on May 15, 2019. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations [...]
Cimarex Energy Co. and Resolute Energy Corp. today announced that, in connection with Cimarex's pending acquisition of Resolute, the election deadline for holders of shares of Resolute's common stock and holders of shares of Resolute's restricted stock , outperformance share rights and/or options to elect the form of merger consideration they wish to receive in connection with the transaction, subject to proration, is [...]
Cimarex Energy Co. today announced it plans to report fourth quarter 2018 financial results on Wednesday, February 20, 2019, after market close. The company will host its quarterly conference call at 11:00 AM ET on Thursday, February 21, 2019. 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 [...]
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Energy Index as part of normal index operations. After the markets close on December 31, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2019: Constituents added: CNX Midstream Partners LP Crestwood Equity Partners LP Shell Midstream [...]
Cimarex Energy Co. announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share. The dividend is payable on March 1, 2019, to stockholders of record on February 15, 2019. 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 areas [...]
- Cash and stock acquisition consistent with disciplined, returns-driven approach - Expected to be accretive to EPS and non-GAAP CFPS in 2019 - Expands Cimarex's footprint in Reeves County by 21,100 net acres - Adds 35 MBOE/D to Cimarex's production base Cimarex and Resolute Energy Corp. today announced that Cimarex has entered into a definitive agreement to acquire Resolute in a cash and stock transaction valued at [...]
In the news release, Cimarex Reports Third Quarter 2018 Results, issued 06-Nov-2018 by Cimarex Energy Co. over PR Newswire, we are advised by the company that the figure in the third paragraph regarding the number of wells brought into production has been updated from 44 to 46. The paragraph titled Operations Update has been updated with new figures. The table has been updated with new figures. The Permian Region section [...]
Daily production averaged 218.6 MBOE; oil production averaged 63,909 barrels per day 2018 capital guidance unchanged; targeting mid point Fourth quarter oil production expected to average 73.0 - 78.0 MBbls per day Cimarex Energy Co. today reported third quarter 2018 net income of $148.4 million, or $1.56 per share, compared to $91.4 million, or $0.96 per share, in the same period a year ago. Third quarter adjusted net [...]
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