What I'd like to do now is give you a region-by-region walk through, and I'll start with the Permian. There, we drilled and completed 39 gross, 27 net wells during the first quarter of 2012, completing 95% of those as producers.Permian first quarter exploration development capital was $201 million or 50% of total capital. So as you can see, we're on a run rate of about $800 million in the Permian, and we'll see what we do going forward depending on our cash flow, our results and costs.
Cimarex Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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