Cimarex Energy, Co. (NYSE: XEC) is a Denver-based independent exploration and production company with operations in Oklahoma, Texas, New Mexico and Kansas. The majority of our activity is currently in the Permian Basin and the Cana–Woodford shale play in western Oklahoma. We pride ourselves on a strong technical team. The cornerstone to the Cimarex approach is detailed pre- and post-drill economic evaluation of after-tax rate of return on invested capital for every well drilled. We continually strive to maximize cash flow from producing properties for reinvestment in drill-bit driven growth opportunities. 

We rely heavily on our geoscientists to generate drilling prospects. We have decentralized exploration teams who are experts in their regions. A cornerstone to our approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. Our analysis includes estimates and assessments of potential reserve size, geologic and mechanical risks, expected costs and future production profiles. 

We also believe it is important to maintain a strong financial position and conservative capital structure in order to maintain drilling activity through all price cycles. We believe that this approach will create shareholder value through growth in reserves and production.

Cimarex Energy, Co. (NYSE: XEC) is a Denver-based independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S.

Our approach is focused on drill-bit driven growth in production and reserves utilizing risked rate of return economics to evaluate projects. We rely heavily on our organization of geoscientists to generate our drilling prospects. We have decentralized exploration teams who are experts in their regions. A cornerstone to our approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. Our analysis includes estimates and assessments of potential reserve size, geologic and mechanical risks, expected costs and future production profiles.

We also believe it is important to maintain a strong financial position and conservative capital structure in order to maintain drilling activity through all price cycles. We believe that this approach will create shareholder value through growth in per-share earnings, cash flow, reserves and production.