DENVER, March 26, 2018 /PRNewswire/ -- SM Energy Company today announced that it completed the previously announced sale of the majority of its assets in the Powder River Basin for $500 million . Assets sold include approximately 112,200 predominantly contiguous net acres with average December 2017 net production of approximately 2,200 Boe per day . The buyer is Northwoods Operating LLC, a portfolio company of certain [...]
DENVER, Feb. 21, 2018 /PRNewswire/ -- SM Energy Company today announces fourth quarter and full year 2017 financial and operating results, year-end 2017 reserves and the Company's 2018 operating plan. Highlights include: 2017 net production totaled 44.5 MMBoe, delivering 165% production growth from top tier Midland Basin assets and 47% operating margin growth per Boe 4Q16 to 4Q17 as the Company successfully continues its [...]
DENVER, Jan. 29, 2018 /PRNewswire/ -- SM Energy Company today announces that it expects to release its fourth quarter and full year 2017 operating and financial results and 2018 plan after market on February 21, 2018. See schedule below: February 21, 2018 – After market close, the Company plans to release its fourth quarter and full year 2017 financial and operating results and 2018 plan. This will include the [...]
DENVER, Jan. 9, 2018 /PRNewswire/ -- SM Energy Company today announced that it has entered into a definitive agreement for the sale of a majority of the Company's Powder River Basin assets for a cash purchase price of $500 million . President and Chief Executive Officer Jay Ottoson comments: "We are very pleased to announce the signing of this agreement. Divestiture of these assets is consistent with our strategy of [...]
- PERMIAN PRODUCTION TAKES OFF DENVER, Nov. 2, 2017 /PRNewswire/ -- Permian production up 31% sequentially, and up 118% since 4Q16 Total production mix 32% oil; absolute oil production exceeded expectations RockStar favorable new well results: three pads (eight wells) average peak 30-day IP rates of 1,191 Boe/d, 1,453 Boe/d and 1,333 Boe/d per well on each pad Initiated Eagle Ford North JV to accelerate use of new [...]
DENVER, Sept. 27, 2017 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) 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 1, 2017, to stockholders of record as of the close of business on October 20, 2017. The Company currently has approximately 111.6 million shares of common [...]
DENVER, Sept. 14, 2017 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) announced today updated information regarding the effects of Hurricane Harvey on the Company's operations. Most importantly, all of the Company's employees and families were safe during the disaster. The Company's Houston office remains closed due to flooding of the lower floors of the building, and employees are able to work from home [...]
DENVER, Aug. 3, 2017 /PRNewswire/ -- Production beats expectations: 11.3 MMBoe, exceeding guidance due to well performance 11% growth from retained assets compared with the second quarter of 2016 Full year 2017 production guidance increased by 0.8 MMBoe at the mid-point to 44.5-46.5 MMBoe Guidance reflects expected significant oil growth in the second half of 2017 Capital efficiency drives value: First half of 2017 [...]
DENVER, July 12, 2017 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) today announces that it expects to release its second quarter 2017 results after market on August 3, 2017. Please note that the Company is modifying the format and timing of its webcast and conference call. See schedule below: August 3, 2017 – After market close, the Company plans to release its second quarter 2017 [...]
The Oil & Gas Conference(R) 22 is in Denver August 13-17, 2017 DENVER, CO--(Marketwired - Jun 27, 2017) - EnerCom, Inc. will host The Oil & Gas Conference® 22 August 13-17, 2017, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can register for the event through the conference website. The Oil & Gas Conference® is held each year in Denver in mid-August. Hosted by EnerCom Inc [...]
DENVER, June 14, 2017 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that the Company will be participating in the following upcoming investor events. An investor presentation for these events will be posted to the Company's website on the morning of June 19, 2017 at www.SM-Energy.com. June 19-20, 2017 – 2017 Wells Fargo West Coast Energy Conference. President and Chief Executive Officer Jay Ottoson [...]
DENVER, June 6, 2017 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) announced today it is increasing production guidance by approximately 0.4 MMBoe, all of which is attributable to the second quarter of 2017, due to acceleration of completion activity at its core Eagle Ford program. The pace of completions in the Eagle Ford was accelerated during the quarter by 11 wells. The Company has completed 31 wells in [...]