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Thomas E. Jorden, President, Chairman and Chief Executive Officer of Cimarex Energy (NYSE: XEC), presented today at EnerCom’s The Oil & Gas Conference 20®.

Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S.

Total company production averaged 1,000 Bcfe/d during the second quarter 2015, a 22% increase from second quarter 2014.  Cimarex now estimates total production volumes for 2015 to average 960-980 MMcfe per day, a midpoint increase of 12% over 2014 volumes.

During the company’s breakout session, management was asked the following questions:

  • Where do you think the well costs will go once you move into the Wolfcamp?
  • How’s the full cycle return in the company?
  • Delaware economics has a great impact on your NGLs pricing – what does the company look at on the NGL market?
  • What kind of conversation has the company had with Chevron on the JDA? What’s their appetite for 2016?
  • Why do you have confidence in a high 30-day IP rate at Wolfcamp A?
  • How does your well inventory look at the moment?
  • Could you talk about your company’s hedging philosophy?

Click here for the webcast.


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