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A Look At Cimarex Energy Co. (NYSE:XEC) Number Of Wells In Mid-Continent Region.


During the third quarter, Cimarex Energy Co. completed 48 gross (14 net) wells in the Mid-Continent region.  At the end of the quarter, 89 gross (16 net) wells were waiting on completion.  Cimarex currently is operating five rigs in the region.




Production from the Mid-Continent averaged 512.7 MMcfe per day for the third quarter, up 20% vs third quarter 2016. Sequentially, crude oil volumes were up eight percent. 




Of Note:
Cimarex Energy Co. (NYSE:XEC) announced drilling results from several Woodford shale wells in its Lone Rock area.  These wells were brought on production over the past several quarters and show some of the best returns the company has seen to date in the Woodford shale.  Cimarex has approximately 16,000 net acres in the Lone Rock area and has completed seven wells in 2017 including the Hines Federal #1H, the company's best well to date in the area.  The Hines had 30-day average peak production of 15.2 MMcfe per day (40% oil, 23% NGL, 37% gas).  Additional drilling, including a downspacing test, is underway.   

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