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Cimarex Energy Co. Q3 2009 Earnings Call Transcript      4-Nov-09 06:50 am    
http://seekingalpha.com/article/171003-c...

"Looking to 2010, we have a large portfolio of opportunities that, even on flat pricing will make our economics. We have continued to restrain our spending in order to stay within cash flow to allow service costs to drop. We’ve seen 20% to 30% reductions in costs..

On a net dollars per Mcfe basis, production costs have dropped 11.5% from $1.23 per Mcfe in ‘08 to $1.10 per Mcfe through the first three quarters of ‘09.

With our production poised to take an upturn here beginning in the fourth quarter, lower operating costs on track to have substantially lower finding costs in 2009, compared to what we’ve had in previous years. We feel very good about how we’re going to end 2009.
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Cimarex Energy Co. Q3 2009 Earnings Call Transcript
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Cimarex Energy Co. (XEC)

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