Key Developments: Cimarex Energy Co (XEC)
71.52USD
21 May 2013
$-0.01 (-0.01%)
$70.64
$71.50
$72.08
$70.38
281,137
950,983
$79.69
$46.19
Latest Key Developments (Source: Significant Developments)
Cimarex Energy Co Announces Quarterly Cash Dividend
Cimarex Energy Co announced that its Board of Directors has declared a regular cash dividend on its common stock of $0.14 per share. The dividend is payable on September 3, 2013 to stockholders of record on August 15, 2013. Full Article
FieldPoint Petroleum Corp And Industry Partners Begin Drilling In Goliad County, Texas; Signs Operating Agreement With Cimarex Energy Co
FieldPoint Petroleum Corp announced that, with its industry partners, drilling has begun on the Irby #1 vertical Wilcox test well that will be drilled to a depth of approximately 8,900 feet to the prospective reservoir. If successful, the well should be drilled and completed within the next 60 to 90 days and FPP will own a 10% working interest in the well. FPP also announced that it has signed an operating agreement with Cimarex Energy Co, to drill a third horizontal well that will target the Bone Spring formation on its East Lusk Federal Section 15 property located in Lea County, New Mexico. If successful, there is the possibility of drilling a fourth well on this property by the end of the year. Total cost for each well will be approximately $7,000,000. This third horizontal well is proposed to be drilled vertically to a depth of approximately 9,500 feet to the Bone Spring formation and laterally in a westerly direction within the formation to the bottom hole location. Total measured depth of the well is proposed to be approximately 14,000 feet. Drilling is expected to begin in the first part of July. FieldPoint will own 43.75% working interest, Cimarex will own 37.5%, and other partners will own the remaining 18.75% working interest in our third Lea County, New Mexico well. Full Article
Cimarex Energy Co Reaffirms FY 2013 Production Guidance
Cimarex Energcy Co reaffirmed fiscal 2013 guidance and volumes are projected to average 675-705 MMcfe per day, an increase of 8%-13% over 2012. Full Article
Cimarex Energy Co Increases Quarterly Cash Dividend
Cimarex Energy Co announced that Board of Directors has declared a regular quarterly cash dividend on its common stock of 14 cents-per-share. The dividend is payable on June 3, 2013, to stockholders of record on May 15, 2013. The quarterly dividend was increased from 12 cents-per-share. Full Article
Cimarex Energcy Co Issues FY 2013 Production Guidance
Cimarex Energcy Co announced that for fiscal 2013 volumes are projected to average 675-705 MMcfe per day, an increase of 8%-13% over 2012. Full Article
Cimarex Energy Co Announces Quarterly Cash Dividend
Cimarex Energy Co announced that its Board of Directors has declared a regular cash dividend on its common stock of 12 cents-per-share. The dividend is payable on March 1, 2013 to stockholders of record on February 15, 2013. Full Article
Cimarex Energy Co Announces Property Sale
Cimarex Energy Co announced that it has entered into an agreement to sell for $294 million certain non-core long-lived oil and gas properties in Texas. The sale is expected to close before year-end 2012 and is subject to satisfactory completion of customary due diligence. Full Article
Cimarex Energy Co Issues Q4 2012 Production Guidance; Raises FY 2012 Production Guidance
Cimarex Energy Co announced that total Company fourth quarter 2012 volumes are estimated to average 652-677 MMcfe/d, an 8-13% increase over fourth-quarter 2011. For Fiscal 2012, total Company volumes are projected to average 620-626 MMcfe/d, 5-6% growth over 2011. Full Article
Cimarex Energy Co Announces Quarterly Cash Dividend
Cimarex Energy Co announced that its Board of Directors has declared a regular cash dividend on its common stock of $0.012 per share. The dividend is payable on December 3, 2012 to stockholders of record on November 15, 2012. Full Article
Cimarex Energy Co Announces Election of New Chairman
Cimarex Energy Co announced the election of Thomas E. Jorden Cimarex's Chief Executive Officer and President to Chairman of the Board of Directors, effective immediately, following the recent death of Chairman, F.H. Merelli. Full Article
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