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Thursday, June 02, 2011 5:20:03 PM
SM Energy (SM) is a well diversified company with a large position in the Bakken. SM seems to be focusing on the Eagle Ford this year, but its Bakken acreage is a significant holding. Its Bakken / Three Forks 2010 proved reserves was 232 BCFE. Total fourth quarter of 2010 production was 69 MMCFE. SM has pushed west in the Bakken, with good results. Its Three Forks holdings in Divide have continued to succeed.
The ramp up drilling programs are going as scheduled. It will spend $830 million in 2011 drilling cap ex. 90% of drilling cap ex will be spent on liquids. The Bakken / Three Forks is 20% of the $830 million. SM's Bakken acreage increased from 81000 net acres to 84000 net acres. SM holds an additional 120000 net legacy acres in the Basin. Two rigs are currently running with an additional rig added later this year. A plan of 20 net operated wells will be drilled in Raven and Divide projects this year.
This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.
Recent SM News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:21:40 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:18:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 09:20:11 PM
- SM ENERGY APPOINTS BETH MCDONALD AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER • PR Newswire (US) • 09/09/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 08:17:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 09:04:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 08:30:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 08:17:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 12:29:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 08:18:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 08:17:50 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 09:11:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 08:36:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:18:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 12:55:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:15:36 PM
- SM ENERGY REPORTS SECOND QUARTER 2024 RESULTS AND ANNOUNCES ACQUISITION OF ADDITIONAL UINTA BASIN ASSETS; HIGHLIGHTS EXCELLENT OPERATIONAL EXECUTION, SIGNIFICANT PORTFOLIO EXPANSION AND INCREASED RETURN OF CAPITAL • PR Newswire (US) • 08/07/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:17:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:17:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:17:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:17:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:17:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:16:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 08:16:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:30:15 PM
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