Cimarex Energy (XEC) Misses Q4 EPS by 5c

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Go back to Cimarex Energy (XEC) Misses Q4 EPS by 5c

Cimarex Announces 2020 Capital Investment Plans and Production and Expense Guidance

February 19, 2020 4:02 PM EST

DENVER, Feb. 19, 2020 /PRNewswire/ --

Total capital investment estimated to be $1.25 - 1.35 billion Includes drilling and completion capital of $0.95 - 1.05 billionGenerates nine percent oil growth at the midpoint Free cash flow positive in 2020 assuming $50/bbl WTI* and $2.25/Mcf NYMEX**Equates to realized prices of $48.00/bbl of oil and $.65/Mcf of gas ($.05/Mcf for Permian gas) using current strip pricing

Cimarex Energy Co. (NYSE: XEC) today announced its projected 2020 total capital investment (including midstream capital) of $1.25 -... More