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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
- SM ENERGY REPORTS FIRST QUARTER 2024 RESULTS; EXCELLENT OPERATIONAL EXECUTION BOOSTS BOTTOM LINE RESULTS AND SUPPORTS HIGHER PRODUCTION, LOWER CAPITAL GUIDANCE • PR Newswire (US) • 05/02/2024 08:15:00 PM
- SM ENERGY SCHEDULES FIRST QUARTER 2024 EARNINGS RELEASE AND CALL • PR Newswire (US) • 04/18/2024 08:15:00 PM
- SM ENERGY DECLARES QUARTERLY CASH DIVIDEND • PR Newswire (US) • 03/26/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:19:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:26:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/02/2024 01:02:26 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:24:11 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/22/2024 01:54:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:31:29 PM
- SM ENERGY ANNOUNCES THE APPOINTMENT OF BARTON R. BROOKMAN TO THE COMPANY'S BOARD OF DIRECTORS AND PROMOTION OF JAMES B. LEBECK • PR Newswire (US) • 02/21/2024 09:30:00 PM
- SM ENERGY REPORTS 2023 RESULTS AND 2024 OPERATING PLAN • PR Newswire (US) • 02/21/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 11:55:47 AM
- SM ENERGY REPORTS PRODUCTION BEAT ON LOWER CAPITAL COSTS AND SCHEDULES YEAR-END 2023 EARNINGS RELEASE AND CALL • PR Newswire (US) • 02/01/2024 11:55:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/19/2024 07:40:53 PM
- SM ENERGY DECLARES QUARTERLY CASH DIVIDEND • PR Newswire (US) • 12/28/2023 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/09/2023 09:23:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/03/2023 12:55:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/02/2023 08:16:54 PM
- SM ENERGY REPORTS THIRD QUARTER 2023 RESULTS AND ANNOUNCES 20% INCREASE IN FIXED DIVIDEND • PR Newswire (US) • 11/02/2023 08:15:00 PM
- SM ENERGY SCHEDULES THIRD QUARTER 2023 EARNINGS RELEASE AND CALL • PR Newswire (US) • 10/16/2023 08:15:00 PM
- SM ENERGY DECLARES QUARTERLY CASH DIVIDEND • PR Newswire (US) • 09/28/2023 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2023 04:39:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/08/2023 08:58:01 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/08/2023 08:22:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/01/2023 08:54:36 PM
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