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 e6BOE 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
External links
References
- SM Energy Company 2024 Form 10-K Annual Report U.S. Securities and Exchange Commission, February 22, 2025^
- St. Mary Land & Exploration is changing its name American City Business Journals, May 27, 2010^
- St. Mary Land & Exploration To Divest Non-strategic Rocky Mountain Oil Assets For $267 Mln - Update RTT News, January 8, 2010^
- Mitsui Finalizes Eagle Ford Deal With SM Energy Hart Energy, December 21, 2011^
- SM Energy Exits Anadarko Basin With $343 Million Sale Hart Energy, November 6, 2013^
- Mark Harden. SM Energy to acquire 61,000 acres in Bakken for $330 million American City Business Journals, July 30, 2014^
- Mark Harden. SM Energy sells Oklahoma assets for $270 million American City Business Journals, June 1, 2015^
- Aethon Energy and RedBird Capital Acquire SM Energy's Ark-LA-Tex Assets PR Newswire, July 1, 2015^
- Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets Hart Energy, July 2, 2015^
- Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company PR Newswire, August 8, 2016^
- Matt Zborowski. SM Energy to buy Midland basin firm for $980 million Oil & Gas Journal, August 8, 2016^
- SM Energy Cores Up in the Midland Basin with Simultaneous Transactions Business Wire, October 18, 2016^
- SM Energy to buy Permian Basin acreage for $1.6 billion Reuters, October 18, 2016^
- Oasis to buy Williston assets from SM Energy for $785 million Oil & Gas Journal, October 18, 2016^
- SM Energy Announces Closing The Sale Of Non-Operated Eagle Ford Assets PR Newswire, March 13, 2017^
- Jennifer Hiller. SM Energy switches focus from the Eagle Ford to the Permian Basin San Antonio Express-News, January 3, 2017^
- SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million Reuters, January 10, 2018^
- SM Energy Announces Closing Of Non-Core Asset Sales And Participation In Upcoming Conferences PR Newswire, May 31, 2018^
- SM Energy Transitions To Pure-Play Texas Company With $292 Million Asset Sales Hart Energy, April 4, 2018^
- Seher Dareen. SM Energy to buy XCL's Uinta assets for $2 bln, shares slump Reuters, June 27, 2024^