This is the latest update on the Wolfcamp Shale development activities of Cimarex Energy (XEC):
- Acreage - 125,000 acres
- Drilled and completed 12 Wolfcamp Shale wells to date.
- Thirty day average production of 6.3 million cubic feet of natural gas equivalents per day.
- Production stream is 48% natural gas, 31% natural gas liquids and 21% crude oil.
- Drilling and completion costs of $6.5 million to $7.5 million
- Average lateral lengths of 4,000 feet.