Cramer said while there are many exploration and production companies with exposure to the Permian Basin and, in particular, the Delaware Basin subsection of the Permian, Cimarex Energy ( XEC) is perhaps the only pure play, with nearly $950 million of its $1.5 billion capital expenditure budget heading to the region.

Cimarex is largely known for its natural gas assets, said Cramer, but natural gas now accounts for less than 50% of its production, down from over 70% just a few years ago. Shares of Cimarex have already surged 66% in 2013, so Cramer advised waiting for the Washington-induced selloff before picking up a few shares.

When it last reported, Cimarex delivered an 11-cents-a-share earnings beat on revenue that were 39% higher than the year-ago period. With growth like that and a strong balance sheet, Cramer said it's no wonder shares of Cimarex have been on fire this year because the oil and gas boom in America just cannot be stopped by politics alone.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer answered the question, "When is an $11 billion settlement a bargain?" He said when it's the proposed settlement that JPMorgan Chase ( JPM) may have to pay the U.S. government for making faulty mortgage loans.

He explained that $11 billion may seem like a huge amount but in reality it's a huge bargain because shares of the bank could be held down for years by a long, drawn-out court battle. With its legal issues behind it, JPMorgan could finally lower some reserves, increase its dividend and refocus on its business, all in an environment of rising interest rates where the bank historically has thrived.

Cramer said he has no idea if the parties can all agree on the terms of such a deal, but if one could be made it would certainly be a big win for JPMorgan and its shareholders, which includes his Action Alerts PLUS.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
At the time of publication, Cramer's Action Alerts PLUS had a position in FB and JPM.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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