SM Energy Company reported operating and financial results for the second quarter 2024, provided certain full year and third quarter 2024 guidance, and announced that the Company has exercised its option to acquire assets located adjacent to its recently announced XCL Acquisition. Excellent operational execution supported strong second quarter results including: Net production was 14.4 MMBoe, or 158.5 MBoe/d, at 46% oil [...]
SM Energy Company today announces that it expects to release its second quarter 2024 financial and operating results after market hours on August 7, 2024. See schedule below: August 7, 2024 - After market close, the Company plans to issue its second quarter 2024 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing the second quarter 2024 financial and operating [...]
SM Energy Company announced today that it has priced an upsized offering of $750,000,000.00 aggregate principal amount of its 6.750% senior notes due 2029 , and $750,000,000.00 aggregate principal amount of its 7.000% senior notes due 2032 . The Notes will be issued at par. The offering of the Notes is expected to close on July 25, 2024, subject to customary closing conditions. SM Energy intends to use the net proceeds [...]
SM Energy Company announced today that, subject to market conditions, it intends to offer $650,000,000.00 aggregate principal amount of its senior notes due 2029 , and $650,000,000.00 aggregate principal amount of its senior notes due 2032 . SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and borrowings under its Credit Agreement, to fund the purchase price for SM [...]
PASAY CITY, SM Investments Corporation successfully priced a USD 500 million drawdown from its USD 3 billion multi-issuer Euro Medium-Term Notes program established in May this year. The notes will be listed on the Singapore Exchange Securities Trading Limited . The issuance, which was 3.2x times oversubscribed, with final demand reaching USD 1.6 billion, marks SM Investments' largest offshore bond issuance since 2014 [...]
SM Energy Company today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC , a private company backed by EnCap Investments L.P. and Rice Investment Group , for an unadjusted purchase price of $2.55 billion. Concurrently, Northern Oil and Gas Inc. will acquire an undivided twenty percent of the oil and gas assets of XCL [...]
DENVER, June 24, 2024 /PRNewswire/ -- SM Energy Company today announces that its Board of Directors approved the quarterly cash dividend of $0.18 per share of common stock outstanding. The dividend will be paid on August 5, 2024, to stockholders of record as of the close of business on July 19, 2024. ABOUT THE COMPANY SM Energy Company is an independent energy company engaged in the acquisition, exploration, development [...]
SM Energy Company intends to participate in the following upcoming investor conference and plans to post an investor presentation to the Company's website at www.sm-energy.com/investors before market open on June 18, 2024. June 18, 2024 - J.P. Morgan Energy, Power and Renewables Conference. President and Chief Executive Officer Herb Vogel will present at 10:55 a.m. Eastern time and will also meet with investors in [...]
LiTHOS Group Ltd. is pleased to announce it has entered into a non-binding letter of intent with 1481450 B.C. Ltd. , dated June 5th, 2024, pursuant to which the Company would acquire all of the outstanding securities of 1481450 from the securityholders of 1481450 . 1481450 has entered into an Agreement, and, at the time of Closing , will hold all of the outstanding securities of Reservoir Imaging Solutions LLC , a private [...]
EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 18th sponsored by conference Global Sponsor Netherland, Sewell & Associates Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free Limited presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies EnerCom [...]
Register now for the 29th annual EnerCom Denver - The Energy Investment Conference featuring a diverse group of public and private energy companies at www.enercomdenver.com A growing list of companies has confirmed their participation, and additional companies are being added to the lineup daily Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies EnerCom, Inc. is pleased to [...]
SM Energy Company today announced operating and financial results for the first quarter 2024 and provided certain full year and second quarter 2024 guidance. Excellent operational execution drove a great start to 2024. First quarter 2024 highlights include: Net production was 13.2 MMBoe, or 145.1 MBoe/d, at 44% oil or 63.7 MBbls/d, which exceeded guidance. Higher than expected production was driven largely from South [...]