Cimarex Reports Second Quarter 2015 Results, 8-4-15
[http://www.reuters.com/article/2015/08/04/cimarex-energy-idUSnPn9kL...](http://www.reuters.com/article/2015/08/04/cimarex-energy-idUSnPn9kLffj+88+PRN20150804)
Permian Region {excerpt}
Production from the Permian region averaged 595.1 MMcfe per day in the second quarter, a 51 percent increase over second quarter 2014. Quarterly oil volumes increased 45 percent year-over-year to 48,448 barrels per day and accounted for 49 percent of the regionās total production for the quarter.
Cimarex completed and brought on production 26 gross (18 net) wells in the Permian region during the second quarter. The 26 gross wells completed include five Second Bone Spring wells and 20 Wolfcamp wells (12 in Culberson area and eight in Reeves County). On June 30, there were three gross (two net) wells waiting on completion in the Delaware Basin.
Cimarex now has 11 long-lateral Wolfcamp D wells producing in the Culberson County, Texas. These wells were completed using 10,000-foot laterals and had an average 30-day initial gross peak production rate of 2,255 BOE per day (25 percent oil, 45 percent gas, 30 percent NGL). Also in the Culberson area, Cimarex completed a 7,000-foot lateral in the Bone Spring sand, which had an average 30-day initial gross peak production rate of 2,753 BOE per day including 1,870 barrels of oil per day.
In Reeves County, Texas, Cimarex has now completed seven long lateral (10,000-foot) Wolfcamp A wells. These wells had an average 30-day initial gross peak production rate of 1,646 BOE per day (50 percent oil, 28 percent gas, 22 percent NGL). Of note in this group is the recently completed Big Timber 57-25 Unit #1-H [PSL BLK 57 SEC 25/36, 20.3 miles NW of Pecos], which was completed in the upper Wolfcamp A and had an average 30-day initial gross peak production rate of 3,309 BOE per day (49 percent oil, 30 percent gas, 21 percent NGL).
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