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SM Energy Co Issues Q3 2013 Production Guidance; Raises FY 2013 Production Guidance


Tuesday, 30 Jul 2013 08:07pm EDT 

SM Energy Co announced that for the third quarter of 2013, it expects production guidance in the range of 12.2-12.8 (MMBOE) and average daily production in the range of 132-139 (MBOE/d). For fiscal 2013, the Company updated production guidance in the range of 47.3-48.6 (MMBOE), an increase from the previously provided range of 42.8-44.5 (MMBOE) and average daily production in the range of 128-134 (MBOE/d). The increase in production guidance is due primarily to efficiencies achieved in the Company's Eagle Ford shale program, where the Company will make an additional 20 flowing completions in fiscal 2013. 

Company Quote

82.37
-0.73 -0.88%
9 Jul 2014