Guidance For 2019: Production Up, Production Costs Down, Capital Unchanged SM Energy Company today announced financial and operating results for the third quarter of 2019. Highlights include: Production exceeded expectations - Third quarter 2019 total production was 12.4 MMBoe , 44% oil and 61% liquids. Production exceeded the Company's guidance range by 0.2 MMBoe, or 2,250 Boe/d, driven by better than expected well [...]
SM Energy Company today announces that it expects to release its third quarter 2019 financial and operating results after market on October 31, 2019. See schedule below: October 31, 2019 – After market close, the Company plans to issue its third quarter 2019 earnings release, a pre-recorded webcast discussion of the third quarter 2019 financial and operating results, and an associated presentation, all of which will [...]
SM Energy Company today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on November 6, 2019, to stockholders of record as of the close of business on October 25, 2019. The Company currently has approximately 112.9 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy [...]
SM Energy Company today announced financial and operating results for the second quarter of 2019. Highlights include: Better wells at lower costs - As previously reported, second quarter production of 12.4 MMBoe , was up 19% from the second quarter of 2018 and up 16% sequentially, as performance from both the Midland Basin and South Texas exceeded expectations. Oil production of 5.4 MMBbls was up 24% from the second [...]
SM Energy Company today announced certain operating and financial results for the second quarter of 2019, including production, realized pricing and total capital spend. In addition, for the full year, the Company is increasing its expected mid-point production guidance and lowering expected mid-point total capital spend . Highlights include: Second quarter 2019 total production of 12.4 MMBoe , up 16% sequentially, as [...]
Spirit Realty Capital Inc. will replace SM Energy Co. in the S&P MidCap 400, and SM Energy will replace Multi-Color Corp. in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, July 9. Platinum Equity LLC is acquiring Multi-Color in a deal that closed today. SM Energy is ranked near the bottom of the S&P MidCap 400 and has a total market capitalization that is more representative of the small-cap [...]
SM Energy Company today announces that second quarter 2019 production is exceeding expectations and the Company is raising guidance for second quarter and full year production volumes by 0.4 MMBoe, at the mid-point, due to better than expected well performance and completion timing. Second quarter and full year production is expected to be approximately 43-44% oil. The Company also announces strong 30-day peak IP [...]
60 Oil & Gas industry leaders are slated for the first two days of EnerCom's 24<sup>th</sup> Denver conference EnerCom has released the presentation schedule for the oil and gas companies presenting at its 24th annual The Oil & Gas Conference® on Aug. 11-14, 2019, in Denver, Colorado. Day One Presenting Companies at the 2019 EnerCom Conference Aug. 12, 2019, the first day of the EnerCom conference presentation schedule, features a large, established group of operators working across North America's shale basins and internationally, including: Cabot Oil & Gas – – one of the largest Marcellus-focused gas producers; Cabot's 2019 capital budget is approximately $800 million; for 2019 Cabot plans to drill and complete 85 to 90 net wells and place 80... [...]
Benefit from the energy industry insight of an international integrated energy major EnerCom is pleased to announce that global oil and gas giant Eni, SpA Vice President Andrew Lees will deliver the keynote luncheon address at EnerCom's The Oil & Gas Conference® on Aug. 14, 2019. Eni, SpA Eni, SpA is an Italian global oil and gas and energy company operating in 67 countries worldwide, with 30,000 employees in [...]
SM Energy Company will be participating in the following upcoming investor events. The Company will post an updated investor presentation on the dates and times referenced below on the Company's website at ir.sm-energy.com: June 4, 2019 – 2019 RBC Capital Markets Global Energy and Power Conference. Chief Financial Officer Wade Pursell will present at 11:00 a.m. Eastern time and will also meet with investors in 1x1 [...]
SM Energy Company today announces that the Company's Board of Directors has appointed Herbert S. Vogel to the position of Chief Operating Officer. Mr. Vogel joined the Company in 2012 and has served in the role of Executive Vice President – Operations since August 2014. Mr. Vogel has 35 years of experience in the oil and natural gas business. President and Chief Executive Officer Jay Ottoson comments, "Herb has done [...]
Outspoken oil and gas trailblazer will share his views of the future of the oil and gas industry with oil company leaders and investors at EnerCom's 24th annual Denver oil and gas investment conference EnerCom is pleased to announce that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources Inc. , will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas [...]