Cimarex Energy Co. (XEC) announced Tuesday that it has entered into an agreement to sell for $294 million certain non-core long-lived oil and gas properties in Texas. The sale is expected to close before year-end 2012 and is subject to satisfactory completion of customary due diligence.
The properties have current production of approximately 2,550 barrels equivalent per day (75% oil) and proved reserves of 9.4 million barrels equivalent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.