New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:44 EDTSMSM Energy to direct 90% of drilling dollars to Eagle Ford, Bakken, Permian areas
SM Energy plans to operate five drilling rigs, supported by two dedicated frac spreads, on its operated Eagle Ford shale acreage in 2013. life. The company expects to complete approximately 75 flowing completions during the year, with an additional 40 wells waiting on completion at year-end. SM Energy forecasts its non-operated Eagle Ford shale net production to increase by roughly 5% per quarter throughout 2013. Bakken/Three Forks activity next year will be focused on SM Energy's Bear Den, Raven, and Gooseneck prospects. SM Energy will operate approximately 80% of the capital allocated for the program and plans for approximately 40 flowing completions in the operated portion of this program in 2013. The company will enter 2013 with four operated drilling rigs, however, efficiencies associated with pad drilling will allow completion of this program averaging 3 1/2 rigs for the year. SM Energy plans to operate two drilling rigs in its operated Permian Mississippian program in 2013, with approximately 12 flowing completions planned for the year. One operated drilling rig is scheduled to work on Bone Spring projects in southeastern New Mexico, with six flowing completions planned for 2013. SM Energy will operate substantially all of its capital investments in the Permian Basin in 2013.
News For SM From The Last 14 Days
Check below for free stories on SM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 18, 2014
07:09 EDTSMSM Energy sees projects leading FY14 capital investment budget higher
Subscribe for More Information
07:07 EDTSMSM Energy increases FY15 production growth target to 20%
Now Sees 3Q production, or MMBOE 13.1-13.8%. Now sees FY14 MMBOE 53.5%-54.9%. Now ses Q3 LOE $4.60-$4.85. Now sees FY14 LOE $4.60-$4.75. Now sees Q3 transportation, or$/BOE, $5.90-$6.20 and FY14 transportation $6.05-$6.20. Sees Q3 production taxes 5.0%-5.5% and FY14 production taxes 5.0%-5.5%. The Company is increasing its expected annual 2015 production growth target to approximately 20%, up from its previously announced target of 15%. Additionally, SM Energy expects approximately 15% annual production growth for 2016. The aggregate annual capital investment program for each 2015 and 2016 is expected to be similar to the revised 2014 program, excluding the impact of 2014 acquisitions and non-operated Eagle Ford carried capital.
August 15, 2014
14:32 EDTSMPemex CEO sees beginning to import U.S. light crude, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use