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?
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