Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MERELLI F H
  2. Issuer Name and Ticker or Trading Symbol
CIMAREX ENERGY CO [XEC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, CEO, President
(Last)
(First)
(Middle)
1700 LINCOLN STREET, SUITE 1800
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2007
(Street)

DENVER, CO 80203-4518
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/02/2007   A   60,000 (1) A $ 0 455,300 (2) D  
Common Stock 01/02/2007   M   250,000 A $ 11.375 705,300 (2) D  
Common Stock 01/02/2007   F   148,771 D $ 36.5 556,529 (2) D  
Common Stock               13,050 I By 401(k)
Common Stock               152,300 I By IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 13.3125             09/30/2002 05/25/2010 Common Stock 125,000   125,000 D  
Stock Options (Right to buy) $ 16.65             12/06/2003 12/06/2012 Common Stock 422,400   422,400 D  
Stock Options (Right to buy) $ 11.375 01/02/2007   M     250,000 01/26/2002 01/27/2007 Common Stock 250,000 $ 11.375 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MERELLI F H
1700 LINCOLN STREET, SUITE 1800
DENVER, CO 80203-4518
  X     Chairman, CEO, President  

Signatures

 Paul Korus, attorney-in-fact   01/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents restricted shares that are subject to three-year cliff vesting and the satisfaction of certain performance criteria.
(2) Includes 211,200 stock units that vest in five equal annual installments beginning on December 6, 2003 and become payable in shares of common stock on December 6, 2010. Also includes 60,000 shares of restricted stock that vest on January 3, 2009 and are subject to certain performance criteria and 60,000 shares of restricted stock that vest on January 2, 2010 and are subject to certain performance criteria.

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