Cimarex to Sell Texas Oil and Gas Properties for $294M

Cimarex Energy

announced today 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.