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XEC - Cimarex looks to raise output cut capex in pivot to Permian
Cimarex Energy Co
Cimarex Energy (XEC+1.2%) says it plans to cut 2019 capex by ~11% Y/Y to $1.35B-$1.45B and pivot to developing assets in the Permian Basin over the Mid-continent, but it will not drop any rigs as it looks to grow its total production.
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