Profile: SM Energy Co (SM)
22 Jul 2019
SM Energy Company, incorporated on January 23, 1915, is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company's operations are concentrated in areas, such as South Texas and Gulf Coast Region, Rocky Mountain Region and Permian Region. As of December 31, 2016, the Company had working interests in 1,027 gross (841 net) productive oil wells and 1,882 gross (704 net) productive gas wells.
South Texas and Gulf Coast Region
The Company's South Texas and Gulf Coast Region has both operated and non-operated Eagle Ford shale program. As of December 31, 2016, the Company-operated Eagle Ford shale position included approximately 161,000 net acres. As of December 31, 2016, the Company's outside-operated Eagle Ford shale program included approximately 36,000 net acres. The Company's acreage position covers a portion of the western Eagle Ford shale play, including acreage in the oil/condensate, NGL-rich gas, and dry gas windows of the play.
Rocky Mountain Region
As of December 31, 2016, the Company had approximately 124,000 net acres in Divide County, North Dakota, and approximately 156,000 net acres in the Powder River Basin. As of December 31, 2016, the Company acquired other proved and unproved properties in its Rocky Mountain region in the Powder River Basin for approximately 7,000 net acres of non-core assets in the Company's Rocky Mountain region. As of December 31, 2016, the Company had 20 gross (17 net) drilled wells in the Company-operated Bakken/Three Forks program.
As of December 31, 2016, in the Permian Region, the Company had approximately 62,000 net acres in the Midland Basin in west Texas and 15.0 Million Barrels of Oil Equivalents of existing proved reserves in Howard and Martin Counties. As of December 31, 2016, the Company had 17 gross and net wells drilled in the Company-operated Midland Basin program.
SM Energy Co
1775 N Sherman St
DENVER CO 80203-1100