XEC » Topics » Leases

This excerpt taken from the XEC 10-K filed Mar 15, 2005.

Leases

 

Cimarex has noncancelable operating leases for office and parking space in Denver and Tulsa and for small district and field offices. Rental expense for the operating leases totaled $2.5 million, $2.1 million and $0.6 million for the years ended December 31, 2004, 2003 and 2002, respectively.

 

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The following table summarizes the future minimum lease payments under all noncancelable operating lease obligations.

 

Year Ending December 31,

 

Future Minimum
Lease Payments

 

 

 

(In thousands)

 

 

 

 

 

2005

 

$

2,465

 

2006

 

2,411

 

2007

 

2,334

 

2008

 

2,361

 

2009

 

2,335

 

2010 and thereafter

 

6,723

 

 

 

$

18,629

 

 

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