SM Energy
Company engaged in hydrocarbon exploration headquartered in Denver, Colorado
From Wikipedia, the free encyclopedia
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
 | |
| Company type | Public |
|---|---|
| Industry | Petroleum industry |
| Founded | 1908 |
| Headquarters | Denver, Colorado, U.S. |
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) |
| Products | |
Production output | 170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024) |
| Revenue |  US$2.7 billion (2024) |
| US$770 million (2024) | |
| Total assets | US$8.6 billion (2024) |
| Total equity | US$4.2 billion (2024) |
Number of employees | 663 (2024) |
| Website | sm-energy |
| Footnotes / references [1] | |
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
| Date | Acquisition / Divestiture | Company | Price | Ref(s). |
|---|---|---|---|---|
| January 2010 | Divestiture | Assets in the Rocky Mountains | $267 million | [3] |
| December 2011 | Divestiture | Partial interest in Eagle Ford Group holdings to Mitsui & Co. | $680 million | [4] |
| November 2013 | Divestiture | Assets in the Anadarko Basin | $329 million | [5] |
| July 2014 | Acquisition | 66,000 acres in the Bakken Formation | $330 million | [6] |
| June 2015 | Divestiture | Assets in the Arkoma Basin | $270 million | [7] |
| July 2015 | Divestiture | 76,300 net acres in Ark-La-Tex | Undisclosed | [8][9] |
| August 2016 | Acquisition | Rock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas | $980 million | [10] |
| October 2016 | Acquisition | Assets in West Texas | $1.6 billion | [12][13] |
| October 2016 | Divestiture | Assets in the Williston Basin sold to Oasis Petroleum | $800 million | [12][14] |
| March 2017 | Divestiture | Assets in the Eagle Ford Group | $800 million | [15][16] |
| January 2018 | Divestiture | 112,200 Acre Leasehold In The Powder River Basin | $500 million | [17] |
| May 2018 | Divestiture | Assets in the Williston Basin | $249.2 million | [18][19] |
| June 2024 | Acquisition | Assets in the Uinta Basin | $2.1 billion | [20] |