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Company type | Public company |
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NYSE: SM S&P 600 component | |
Industry | Petroleum industry |
Founded | 1908 |
Headquarters | Denver, Colorado, United States |
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 | Petroleum Natural gas Natural gas liquids |
Production output | 170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 663 (2024) |
Website | sm-energy |
Footnotes /references [1] |
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 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]
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]
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] |