 | |
| Company type | Public company |
|---|---|
| NYSE: SM S&P 600 component | |
| Industry | Petroleum industry |
| Founded | 1908; 117 years ago (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 thousandbarrels of oil equivalent (1,043,000 GJ) per day (2024) |
| Revenue |  $2.7 billion (2024) |
| $770 million (2024) | |
| Total assets | $8.6 billion (2024) |
| Total equity | $4.2 billion (2024) |
Number of employees | 663 (2024) |
| Website | sm-energy |
| Footnotes / references [1] | |
SM Energy Company is a company engaged inhydrocarbon exploration. It is organized inDelaware and headquartered inDenver, Colorado.
The company's assets are in theEagle Ford Group/South Texas (51% of reserves and 48% of 2024 production), thePermian Basin/Midland Basin (34% of reserves and 47% of 2024 production), and theUinta Basin (15% of reserves and 5% of 2024 production).
As of December 31, 2024, the company had 678.3 millionbarrels of oil equivalent (4.150×109 GJ) of estimated proved reserves, of which 44% waspetroleum, 18% wasnatural gas liquids, and 38% wasnatural gas.[1]
The company was founded in 1908 and incorporated in 1915. In 1992, the company became apublic company via aninitial 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 inEagle Ford Group holdings toMitsui & Co. | $680 million | [4] |
| November 2013 | Divestiture | Assets in theAnadarko Basin | $329 million | [5] |
| July 2014 | Acquisition | 66,000 acres in theBakken Formation | $330 million | [6] |
| June 2015 | Divestiture | Assets in the Arkoma Basin | $270 million | [7] |
| July 2015 | Divestiture | 76,300 net acres inArk-La-Tex | Undisclosed | [8][9] |
| August 2016 | Acquisition | Rock Oil Holdings LLC, which owned 24,783 net acres inHoward County, Texas | $980 million | [10] |
| October 2016 | Acquisition | Assets inWest Texas | $1.6 billion | [12][13] |
| October 2016 | Divestiture | Assets in theWilliston Basin sold toOasis Petroleum | $800 million | [12][14] |
| March 2017 | Divestiture | Assets in theEagle 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 theWilliston Basin | $249.2 million | [18][19] |
| June 2024 | Acquisition | Assets in theUinta Basin | $2.1 billion | [20] |