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Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:33 EDTSMSM Energy sees FY13 production to increase 20%
The company anticipates FY13 production to range from 255 to 267 BCFE, or 699-732 MMCFE/d, which represents a 20% annual increase over 2012 at the midpoint of next year's guidance. The company expects to exit 2013 producing within a range of 769 to 808 MMCFE/d with a mix of 50% natural gas, 29% oil, and 21% NGLs. This production growth profile is weighted to the second half of the year and reflects the timing of previously contracted firm transportation agreements in the company's operated Eagle Ford shale program
News For SM From The Last 14 Days
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April 17, 2014
17:03 EDTSMSM Energy: Mercy to withdraw resolution on Climate Change Mitigation Plan
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April 16, 2014
19:03 EDTSMEndeavour settles litigation with SM Energy
Endeavour (END) has reached a settlement with SM Energy (SM) regarding litigation filed against Endeavour in December 2011. Endeavour will pay SM Energy $5M and issue a note for $4.5M. The note will be paid in three graduated payments beginning in twelve months. Endeavour has also agreed to issue warrants valued at $3.75M (approximately 2.13M shares with a strike price of $5.29.) The total settlement expense to be recorded will be $19.25M, which includes deposits of $6M paid prior to the execution of the agreements.

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