SM Energy
| 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 |
 US$1.557 billion (2015)[1] |
|
-US$447 billion (2015)[1] | |
|
-US$447 billion (2015)[1] | |
| Total assets |
US$5.621 billion (2015)[1] |
| Total equity |
US$1.852 billion (2015)[1] |
Number of employees | 786 (2015)[1] |
| Website |
www |
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:
- South Texas & Gulf Coast Region (47% of reserves and 75% of 2015 production) - assets in the Eagle Ford
- Rocky Mountain Region (45% of reserves and 18% of 2015 production) - assets in the Three Forks Shale, Bakken Formation and Powder River Basin
- Permian Basin Region (8% of reserves and 4% of 2015 production).[1]
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
- 1 2 3 4 5 6 7 8 9 10 11 12 ESM Energy Company 2015 Form 10-K Annual Report
- ↑ "SM Energy Announces Closing of Previously Announced Non-Operated Eagle Ford Carry Agreement". Business Wire. December 5, 2011.
- ↑ "SM Energy Announces Closing of Anadarko Basin Divestiture Package". Business Wire. December 30, 2013.
- ↑ "SM Energy to acquire 61,000 acres in Bakken for $330 million". Denver Business Journal. July 30, 2014.
- ↑ "Aethon Energy and RedBird Capital Acquire SM Energy's Ark-LA-Tex Assets". PRNewswire. July 1, 2015.