Cimarex Energy Competitors, Revenue, Alternatives and Pricing
Estimated Revenue & Financials
- Cimarex Energy's estimated annual revenue is currently $199.7M per year.
- Cimarex Energy received $525.0M in venture funding in March 2019.
- Cimarex Energy's estimated revenue per employee is $245,000
- Cimarex Energy has 815 Employees.
- Cimarex Energy grew their employee count by -19% last year.
- Cimarex Energy currently has 24 job openings.
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