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 of estimated proved reserves, of which 44% was petroleum, 18% was natural gas liquids, and 38% was natural gas.
History The company was founded in 1908 as the St. Mary Parish Land Company and was incorporated in 1915. In 1992, the company went public via an initial public offering. In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy.
Acquisitions and divestitures Date Acquisition / Divestiture Company Price Ref(s). Divestiture Assets in the Rocky Mountains $267 million Divestiture Partial interest in Eagle Ford Group holdings to Mitsui & Co. $680 million Divestiture Assets in the Anadarko Basin $329 million Acquisition 66,000 acres in the Bakken Formation $330 million Divestiture Assets in the Arkoma Basin $270 million Divestiture 76,300 net acres in Ark-La-Tex Undisclosed Acquisition Rock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas $980 million Acquisition Assets in West Texas $1.6 billion Divestiture Assets in the Williston Basin sold to Oasis Petroleum $800 million Divestiture Assets in the Eagle Ford Group $800 million Divestiture 112,200 Acre Leasehold In The Powder River Basin $500 million Divestiture Assets in the Williston Basin $249.2 million Acquisition Assets in the Uinta Basin $2.1 billion
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