SM Energy Co. has agreed to acquire 24,783 net acres in Howard County in West Texas, expanding its Midland Basin footprint to 46,750 net acres. The company also said it is issuing shares and notes to fund the transaction.
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SM Energy Sells Noncore Assets in Three States
SM Energy Co. has agreed to sell two packages of noncore assets for a combined $172.5 million. They are one package of mainly waterflood assets in New Mexico and another of producing assets in North Dakota and Montana.
August 1, 2016
SM Focusing on Permian, Cutting Capex 45%
As it looks to protect its balance sheet in 2016, SM Energy Co. will focus its drilling and completion activity on the Permian Basin “to the maximum extent possible,” shifting to an oilier mix as it weathers the downturn in commodity prices.
February 24, 2016
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