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News Breaks | | | | December 19, 2012 | | 18:33 EDT |  | SM | SM 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 | |
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