SM Energy Company (NYSE: SM) today announces that Anthony J. Best will retire from his role as the Companys Chief Executive Officer on January 31, 2015. In conjunction with this previously announced leadership transition, the Board of Directors appointed Javan D. Ottoson, currently President and Chief Operating Officer, to the Board effective as of September 26, 2014, and intends to appoint Mr. Ottoson as the Companys [...]
SM Energy Company (NYSE: SM) today announces that the Company has completed its previously announced acquisition of North Dakota Gooseneck assets from Baytex Energy USA. The cash paid at closing was approximately $325 million as a result of normal closing adjustments to account for activity between the effective and closing dates. The acquisition was funded from borrowings under the Companys existing credit facility [...]
SM Energy Company (NYSE: SM) today announces that the Company will be participating in the following upcoming investor event: September 4, 2014 Barclays CEO Energy-Power Conference. Jay Ottoson, President and Chief Operating Officer, will present at 9:05 AM Eastern Time. SM Energy's presentation materials for this event will be available before market open on Wednesday, September 3, 2014, on the Company's website [...]
SM Energy Company (NYSE: SM) today announces that Ramiro G. Peru has been appointed to serve as a director of the Company, effective August 20, 2014. Mr. Peru will serve as an independent director and as a member of the Compensation Committee of the Board of Directors. Bill Sullivan, Chairman of the Board, comments, "We are pleased to have an individual of Rameys reputation and experience joining SM Energy. His finance [...]
SM Energy Company (NYSE: SM) announces that its board of directors approved a revised capital expenditure budget for 2014. The Company is also providing updated 2014 production and cost guidance, as well as production growth expectations for 2015 and 2016. MANAGEMENT COMMENTARY Tony Best, CEO, remarked, "I am pleased to share an improved production outlook that reflects the combination of our strong operational [...]
SM Energy Company (NYSE: SM) today announces that the Company will be participating in the following upcoming investor event: August 18, 2014 Enercoms The Oil & Gas Conference. Jay Ottoson, President and Chief Operating Officer, will present at 4:50 PM Mountain Time. SM Energy's presentation materials for this event will be available the day of the presentation at the Company's website at www.sm-energy.com. A [...]
SM Energy Company (NYSE: SM) announces its financial results for the second quarter of 2014 and provides an operations update. In addition, a new presentation concerning the Company's second quarter earnings and operations update will be posted on the Company's website at www.sm-energy.com. This presentation will be referenced during the conference call scheduled for 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on [...]
SM Energy Company (NYSE: SM) today announces that Rose M. Robeson has been appointed to serve as a director of the Company, effective July 11, 2014. Ms. Robeson will serve as an independent director and as a member of the Audit Committee and Compensation Committee of the Board of Directors. Bill Sullivan, Chairman of the Board, comments, "We are pleased to have an individual of Roses reputation and experience joining [...]
SM Energy Company (NYSE: SM) is scheduled to release details regarding its earnings for the second quarter 2014 after the close of trading on July 29, 2014. A teleconference to discuss these results and other operational matters is scheduled for July 30, 2014, at 8:00 a.m. Mountain time (10:00 a.m. Eastern time). Conference dial-in information is included below. A telephonic replay of the call will be available [...]
SM Energy Company (NYSE: SM) today announces the closing of its offer to exchange $500 million of its 5% Senior Notes due 2024, which have been registered under the Securities Act of 1933 (the Exchange Notes), for $500 million of its outstanding 5% Senior Notes due 2024, which were issued on May 20, 2013, in a private placement (the Original Notes). The exchange offer expired at 5:00 p.m. New York City time on June [...]
SM Energy Company (NYSE: SM) today announces that it commenced an offer to exchange $500 million of its 5% Senior Notes due 2024, which have been registered under the Securities Act of 1933 (the "Exchange Notes") in exchange for $500 million of its outstanding 5% Senior Notes due 2024, which were issued on May 20, 2013, in a private placement (the "Outstanding Notes"). The Exchange Notes are being offered pursuant to a [...]
SM Energy Company (NYSE: SM) announces its financial results for the first quarter of 2014 and provides an operations update. In addition, a new presentation concerning the Company's first quarter earnings and operations update will be posted on the Company's website at www.sm-energy.com. This presentation will be referenced during the conference call scheduled for 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on [...]