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CIMAREX ENERGY (XEC)

Calculate the following ratios for years 2016 - 2018: -The reserve replacement ratio - include revisions and purchases of reserves in place. -The reserve life ratio -The finding cost ratio -The lifting cost ratio DD&A per BOE -Value of proved reserve additions per BOE -Value Added Ratio Summary of your findings. It can be found in the annual report or in the SEC EDGAR database for U.S. companies. One can compute the reserve replacement ratio by taking the total production for a specific time period and dividing it by the net proved reserves that were obtained through discoveries, revisions, and net acquisitions (RRR). The reserve-replacement ratio, often known as the RRR, is a measure of the operational success of an oil business that is used by investors. To determine it, divide the amount of oil that was drawn from reserves by the amount of oil that was added to reserves. A reserve-replacement ratio of 100 percent indicates that the company is able to keep operating at its current level of production. The ratio of reserves to production can provide an indication of the amount of time the resource has left in its useful life. To determine this number, simply divide the size of the reserve by the rate at which it is extracted annually

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