Cimarex Energy

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.
Type
Public
HQ
Denver, US
Founded
2002
Employees
925 (est)
Cimarex Energy was founded in 2002 and is headquartered in Denver, US

Cimarex Energy Locations

Denver, US
Midland, US
Tulsa, US

Cimarex Energy Metrics

Cimarex Energy Summary

Market capitalization

$13.3 B

Closing share price

$139
Cimarex Energy's current market capitalization is $13.3 B.

Cimarex Energy Financials

Cimarex Energy's revenue is $1.45 B in FY, 2015 which is 40.08% decrease from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$2 B$2.42 B$1.45 B

Operating income

$896 M$814 M$-3.74 B

Net Income

$565 M$507 M$-2.41 B

Operating cash flow

$-65 M$401 M$374 M

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