Pipeline Disruption and Severe Weather Cause Production Curtailments
DENVER, Dec. 10, 2013
DENVER, Dec. 10, 2013 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today
announced that the company experienced production curtailments in the Permian
Basin primarily caused by the shut-in and repair of a third party natural gas
liquids pipeline and the extremely cold winter weather experienced in late
November and early December. Efforts to restore the majority of curtailed
production have been successful.
To date, curtailments related to the pipeline repair, facilities freezing, oil
and water hauling challenges along with other operational issues total
approximately 1.8-2.0 Bcfe. As a consequence, production for the fourth
quarter is now expected to be below the company's forecast of 714-734
Chairman and CEO, Tom Jorden commented, "We were hit by multiple events that
were both unforeseen and out of our control, and our staff responded with grit
and determination. I want to express gratitude and admiration to our
operations personnel for their efforts to minimize these disruptions."
About Cimarex Energy
Denver-based Cimarex Energy Co. is an independent oil and gas exploration and
production company with principal operations in the Mid-Continent and Permian
Basin areas of the U.S.
This communication contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on current expectations and beliefs and
are subject to a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties are more fully
described in SEC reports filed by Cimarex. While Cimarex makes these
forward-looking statements in good faith, management cannot guarantee that
anticipated future results will be achieved. Cimarex assumes no obligation and
expressly disclaims any duty to update the information contained herein except
as required by law.
SOURCE Cimarex Energy Co.
Contact: CONTACT : Cimarex Energy Co., Karen Acierno, 303-285-4957, Mark
Burford, 303.295.3995, www.cimarex.com
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