Cimarex Energy Growth, Revenue, Number of Employees and Funding

Overview

Location:
Denver, CO USA
Total Funding:N/A
Industry:Energy/Oil
Founded:N/A
Lead Investor(s):N/A
Press

City Ranking

State Ranking

Estimated Revenue & Financials

  • Cimarex Energy's estimated revenue is currently $186.4M per year.
  • Cimarex Energy received $525.0M in venture funding in March 2019.
  • Cimarex Energy's estimated revenue per employee is $221694

Employee Data

  • Cimarex Energy has 841 Employees.
  • Cimarex Energy grew their employee count by 5% last year.
  • Cimarex Energy currently has 24 job openings.

Executive Contacts

NameTitle
Gary AbbottVP Corporate Engineering
Thomas JordenCEO/President
Francis BarronSVP General Counsel
John LambuthVP Exploration
Mark HollandChief Geoscientist
Terry KrohDirector Corporate Systems
James ShortChief
Steven LoveladyChief Inspector
Daniel GuffeyDirector of Finance & Planning
Wanda MasseyDirector - Compensation & Benefits

What Is Cimarex Energy?

Cimarex Energy, Co. (NYSE: XEC) is a Denver-based independent exploration and production company with operations in Oklahoma, Texas, New Mexico and Kansas. The majority of our activity is currently in the Permian Basin and the CanaWoodford 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.

keywords:Finance

841

Number of Employees

$186.4M

Revenue (est)

24

Current Jobs

5%

Employee Growth %

N/A

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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Cimarex Energy News

09/03/2019 - Cimarex Energy Approves Dividend on Preferred Stock

DENVER, Sept. 3, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash ...

08/30/2019 - Cimarex Energy Declares Quarterly Cash Dividend

DENVER, Aug. 30, 2019 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a ...

09/06/2019 - Cimarex Energy Co.: Get Prepared for Trading Lift Off

Cimarex Energy Co. kicked off the trading day on 09/05/19 with a price increase of 2.37%, equivalent to $1.0 relative change for the day. Taking ...

Cimarex Energy Funding

DateAmountRoundLead InvestorsReference
2012-03-23$750.0MUndisclosedJ P Morgan Securities LLC, Deutsche Bank IncArticle
2014-05-21$750.0MUndisclosedMultipleArticle
2015-05-20$UndisclosedUndisclosedJ.P. MorganArticle
2015-05-21$752.1MUndisclosedJ.P. MorganArticle
2019-03-07$525.0MUndisclosedJ.P. Morgan Securities LLC,Article

Cimarex Energy Executive Hires

DateNameTitleReference
2012-08-15Thomas E. JordenCEO/President/ChairmanArticle
2013-07-10Francis B. BarronSVP General CounselArticle

Cimarex Energy Acquisitions

DateCompany NameAmountNotesReference
2019-03-04Resolute Energy CorporationArticle