SM Energy

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SM Energy Company
Company typePublic company
NYSE: SM
S&P 600 component
IndustryPetroleum industry
Founded1908; 118 years ago (1908)
HeadquartersDenver, Colorado, United States
Key people
Herbert S. Vogel, President & CEO
A. Wade Pursell, Executive Vice President & CFO
Beth A. McDonald, Executive Vice President & COO
Julio M. Quintana, Chairman of the Board
ProductsPetroleum
Natural gas
Natural gas liquids
Production output
170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024)
RevenueIncrease $2.7 billion (2024)
Increase $770 million (2024)
Total assetsIncrease $8.6 billion (2024)
Total equityIncrease $4.2 billion (2024)
Number of employees
663 (2024)
Websitesm-energy.com
Footnotes / references
[1]

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

The company's assets are in the Eagle Ford Group/South Texas (51% of reserves and 48% of 2024 production), the Permian Basin/Midland Basin (34% of reserves and 47% of 2024 production), and the Uinta Basin (15% of reserves and 5% of 2024 production).

As of December 31, 2024, the company had 678.3 million barrels of oil equivalent (4.150×109 GJ) of estimated proved reserves, of which 44% was petroleum, 18% was natural gas liquids, and 38% was natural gas.[1]

History

[edit]

The company was founded in 1908 and incorporated in 1915. In 1992, the company became a public company via an initial public offering.[1] In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy.[2]

Acquisitions and divestitures

[edit]
DateAcquisition / DivestitureCompanyPriceRef(s).
January 2010DivestitureAssets in the Rocky Mountains$267 million[3]
December 2011DivestiturePartial interest in Eagle Ford Group holdings to Mitsui & Co.$680 million[4]
November 2013DivestitureAssets in the Anadarko Basin$329 million[5]
July 2014Acquisition66,000 acres in the Bakken Formation$330 million[6]
June 2015DivestitureAssets in the Arkoma Basin$270 million[7]
July 2015Divestiture76,300 net acres in Ark-La-TexUndisclosed[8][9]
August 2016AcquisitionRock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas$980 million[10]

[11]

October 2016AcquisitionAssets in West Texas$1.6 billion[12][13]
October 2016DivestitureAssets in the Williston Basin sold to Oasis Petroleum$800 million[12][14]
March 2017DivestitureAssets in the Eagle Ford Group$800 million[15][16]
January 2018Divestiture112,200 Acre Leasehold In The Powder River Basin$500 million[17]
May 2018DivestitureAssets in the Williston Basin$249.2 million[18][19]
June 2024AcquisitionAssets in the Uinta Basin$2.1 billion[20]

References

[edit]
  1. ^ a b c "SM Energy Company 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 22, 2025.
  2. ^ "St. Mary Land & Exploration is changing its name". American City Business Journals. May 27, 2010.
  3. ^ "St. Mary Land & Exploration To Divest Non-strategic Rocky Mountain Oil Assets For $267 Mln - Update". RTT News. January 8, 2010.
  4. ^ "Mitsui Finalizes Eagle Ford Deal With SM Energy". Hart Energy. December 21, 2011.
  5. ^ "SM Energy Exits Anadarko Basin With $343 Million Sale". Hart Energy. November 6, 2013.
  6. ^ Harden, Mark (July 30, 2014). "SM Energy to acquire 61,000 acres in Bakken for $330 million". American City Business Journals.
  7. ^ Harden, Mark (June 1, 2015). "SM Energy sells Oklahoma assets for $270 million". American City Business Journals.
  8. ^ "Aethon Energy and RedBird Capital Acquire SM Energy's Ark-LA-Tex Assets" (Press release). PR Newswire. July 1, 2015.
  9. ^ "Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets". Hart Energy. July 2, 2015.
  10. ^ "Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company" (Press release). PR Newswire. August 8, 2016.
  11. ^ Zborowski, Matt (August 8, 2016). "SM Energy to buy Midland basin firm for $980 million". Oil & Gas Journal.
  12. ^ a b "SM Energy Cores Up in the Midland Basin with Simultaneous Transactions" (Press release). Business Wire. October 18, 2016.
  13. ^ "SM Energy to buy Permian Basin acreage for $1.6 billion". Reuters. October 18, 2016.
  14. ^ "Oasis to buy Williston assets from SM Energy for $785 million". Oil & Gas Journal. October 18, 2016.
  15. ^ "SM Energy Announces Closing The Sale Of Non-Operated Eagle Ford Assets" (Press release). PR Newswire. March 13, 2017.
  16. ^ Hiller, Jennifer (January 3, 2017). "SM Energy switches focus from the Eagle Ford to the Permian Basin". San Antonio Express-News.
  17. ^ "SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million". Reuters. January 10, 2018.
  18. ^ "SM Energy Announces Closing Of Non-Core Asset Sales And Participation In Upcoming Conferences" (Press release). PR Newswire. May 31, 2018.
  19. ^ "SM Energy Transitions To Pure-Play Texas Company With $292 Million Asset Sales". Hart Energy. April 4, 2018.
  20. ^ Dareen, Seher (June 27, 2024). "SM Energy to buy XCL's Uinta assets for $2 bln, shares slump". Reuters.
[edit]
  • Business data for SM Energy Company:
Retrieved from "https://en.wikipedia.org/w/index.php?title=SM_Energy&oldid=1304003840"
    SM Energy Company
    Company typePublic company
    NYSE: SM
    S&P 600 component
    IndustryPetroleum industry
    Founded1908; 118 years ago (1908)
    HeadquartersDenver, Colorado, United States
    Key people
    		Herbert S. Vogel, President & CEO
    A. Wade Pursell, Executive Vice President & CFO
    Beth A. McDonald, Executive Vice President & COO
    Julio M. Quintana, Chairman of the Board
    ProductsPetroleum
    Natural gas
    Natural gas liquids
    Production output
    		170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024)
    RevenueIncrease $2.7 billion (2024)
    Increase $770 million (2024)
    Total assetsIncrease $8.6 billion (2024)
    Total equityIncrease $4.2 billion (2024)
    Number of employees
    		663 (2024)
    Websitesm-energy.com
    Footnotes / references
    [1]

    SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

    The company's assets are in the Eagle Ford Group/South Texas (51% of reserves and 48% of 2024 production), the Permian Basin/Midland Basin (34% of reserves and 47% of 2024 production), and the Uinta Basin (15% of reserves and 5% of 2024 production).

    As of December 31, 2024, the company had 678.3 million barrels of oil equivalent (4.150×109 GJ) of estimated proved reserves, of which 44% was petroleum, 18% was natural gas liquids, and 38% was natural gas.[1]

    History

    The company was founded in 1908 and incorporated in 1915. In 1992, the company became a public company via an initial public offering.[1] In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy.[2]

    Acquisitions and divestitures

    DateAcquisition / DivestitureCompanyPriceRef(s).
    January 2010DivestitureAssets in the Rocky Mountains$267 million[3]
    December 2011DivestiturePartial interest in Eagle Ford Group holdings to Mitsui & Co.$680 million[4]
    November 2013DivestitureAssets in the Anadarko Basin$329 million[5]
    July 2014Acquisition66,000 acres in the Bakken Formation$330 million[6]
    June 2015DivestitureAssets in the Arkoma Basin$270 million[7]
    July 2015Divestiture76,300 net acres in Ark-La-TexUndisclosed[8][9]
    August 2016AcquisitionRock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas$980 million[10]

    [11]

    October 2016AcquisitionAssets in West Texas$1.6 billion[12][13]
    October 2016DivestitureAssets in the Williston Basin sold to Oasis Petroleum$800 million[12][14]
    March 2017DivestitureAssets in the Eagle Ford Group$800 million[15][16]
    January 2018Divestiture112,200 Acre Leasehold In The Powder River Basin$500 million[17]
    May 2018DivestitureAssets in the Williston Basin$249.2 million[18][19]
    June 2024AcquisitionAssets in the Uinta Basin$2.1 billion[20]

    References

    1. ^ a b c "SM Energy Company 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 22, 2025.
    2. ^ "St. Mary Land & Exploration is changing its name". American City Business Journals. May 27, 2010.
    3. ^ "St. Mary Land & Exploration To Divest Non-strategic Rocky Mountain Oil Assets For $267 Mln - Update". RTT News. January 8, 2010.
    4. ^ "Mitsui Finalizes Eagle Ford Deal With SM Energy". Hart Energy. December 21, 2011.
    5. ^ "SM Energy Exits Anadarko Basin With $343 Million Sale". Hart Energy. November 6, 2013.
    6. ^ Harden, Mark (July 30, 2014). "SM Energy to acquire 61,000 acres in Bakken for $330 million". American City Business Journals.
    7. ^ Harden, Mark (June 1, 2015). "SM Energy sells Oklahoma assets for $270 million". American City Business Journals.
    8. ^ "Aethon Energy and RedBird Capital Acquire SM Energy's Ark-LA-Tex Assets" (Press release). PR Newswire. July 1, 2015.
    9. ^ "Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets". Hart Energy. July 2, 2015.
    10. ^ "Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company" (Press release). PR Newswire. August 8, 2016.
    11. ^ Zborowski, Matt (August 8, 2016). "SM Energy to buy Midland basin firm for $980 million". Oil & Gas Journal.
    12. ^ a b "SM Energy Cores Up in the Midland Basin with Simultaneous Transactions" (Press release). Business Wire. October 18, 2016.
    13. ^ "SM Energy to buy Permian Basin acreage for $1.6 billion". Reuters. October 18, 2016.
    14. ^ "Oasis to buy Williston assets from SM Energy for $785 million". Oil & Gas Journal. October 18, 2016.
    15. ^ "SM Energy Announces Closing The Sale Of Non-Operated Eagle Ford Assets" (Press release). PR Newswire. March 13, 2017.
    16. ^ Hiller, Jennifer (January 3, 2017). "SM Energy switches focus from the Eagle Ford to the Permian Basin". San Antonio Express-News.
    17. ^ "SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million". Reuters. January 10, 2018.
    18. ^ "SM Energy Announces Closing Of Non-Core Asset Sales And Participation In Upcoming Conferences" (Press release). PR Newswire. May 31, 2018.
    19. ^ "SM Energy Transitions To Pure-Play Texas Company With $292 Million Asset Sales". Hart Energy. April 4, 2018.
    20. ^ Dareen, Seher (June 27, 2024). "SM Energy to buy XCL's Uinta assets for $2 bln, shares slump". Reuters.
    • Business data for SM Energy Company:
      • Google
      • Reuters
      • SEC filings
      • Yahoo!
    Retrieved from "https://en.wikipedia.org/w/index.php?title=SM_Energy&oldid=1304003840"