SM Energy

SM Energy Company
Public company
Traded as NYSE: SM
Industry Petroleum industry
Founded 1908
Headquarters Denver, Colorado, United States
Key people
Javan D. Ottoson, CEO & President
A. Wade Pursell, CFO
William D. Sullivan, Chairman[1]
Products Petroleum
Natural gas
Natural gas liquids
Production output
175.9 thousand barrels of oil equivalent (1,076,000 GJ) per day[1]
Revenue Decrease US$1.557 billion (2015)[1]
Decrease -US$447 billion (2015)[1]
Decrease -US$447 billion (2015)[1]
Total assets Decrease US$5.621 billion (2015)[1]
Total equity Decrease US$1.852 billion (2015)[1]
Number of employees
786 (2015)[1]
Website www.sm-energy.com

SM Energy Company, formerly St. Mary Land & Exploration Company, is a petroleum and natural gas exploration company headquartered in Denver, Colorado.

Current operations

The company's assets are entirely onshore in North America, located in 3 regions:

As of December 31, 2015, the company had 471.3 million barrels of oil equivalent (2.883×109 GJ) of estimated proved reserves, of which 31% was petroleum, 24% was natural gas liquids, and 45% was natural gas.[1]

Of the company's 2015 production of 175.9 thousand barrels of oil equivalent (1,076,000 GJ) per day, 30% was petroleum, 25% was natural gas liquids, and 45% was natural gas.[1]

Development

The company was founded in 1908 and incorporated in 1915. The company became a public company via an initial public offering in December 1992.[1]

In 2011, the company sold a partial interest in its holdings in the Eagle Ford to Mitsui & Co..[2]

In 2013, the company sold its assets in the Anadarko Basin for $329 million.[3]

In 2014, the company acquired 66,000 acres in the Bakken Formation for $330 million.[4]

In 2015, the company sold its ArkLaTex assets to Aethon Energy and RedBird Capital.[5]

References

External links


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