Cimarex Energy | XEC

Cimarex Energy traded at $87.20 this Friday October 1st, decreasing $0 or 0 percent since the previous trading session. Looking back, over the last four weeks, Cimarex Energy lost 25.68 percent. Over the last 12 months, its price rose by 262.13 percent. Looking ahead, we forecast Cimarex Energy to be priced at 84.88 by the end of this quarter and at 78.29 in one year, according to Trading Economics global macro models projections and analysts expectations.


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Cimarex Energy
Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma, Texas and New Mexico. The Companys exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarexs Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014, the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation, and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Companys Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.