Cimarex Energy Co.

Cimarex Energy, Co. (NYSE, XEC) is a Denver-based independent oil and gas exploration and production company with principal operations in the Mid-Continent, Gulf Coast, Permian Basin and Gulf of Mexico. Our business approach is centered on increasing shareholder value through consistent profitable growth in proved reserves and production by continually expanding our drilling program and optimizing production rates. Year-end 2006 proved reserves totaled 1.45 trillion cubic feet equivalent (75% natural gas).

Our approach is focused on drill-bit driven growth in production and reserves utilizing risked rate of return economics to evaluate projects. We manage our drilling risk by allocating capital between our portfolio of lower-risk Mid-Continent and Permian Basin properties and our higher-risk Gulf Coast and Gulf of Mexico projects. We constantly high-grade and prioritize our projects evaluating our historical results. We rely on our organization of geoscientists to generate drilling prospects and decentralized exploration teams of regional experts. We believe it is important to maintain a strong financial position and conservative capital structure in order to maintain a high level of drilling activity through all price cycles.