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PS - Cimarex Energy Highlights - November 13, 2019
In the first nine months of 2019, Cimarex Energy has lowered its Permian operating expenses by 19% compared to 2018 at $6.50/boe. Ownership of midstream and saltwater disposal assets has driven down opex. Well costs (drilling, completion, well facilities and flowback) are trending at $1,150-$1,200/ lateral ft in 2019, which is down 20% YOY. The company has seen completion costs decline primarily due to service cost reductions. Cimarex’s Q3 Permian output averaged 198,600 boe/d,......
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