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Stock Market & Financial Investment News

News Breaks
August 18, 2014
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.
News For SM From The Last 14 Days
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September 29, 2014
17:45 EDTSMSM Energy announces retirement of CEO Anthony Best, names Ottoson as new CEO
SM Energy announced that Anthony Best will retire from his role as the companyís CEO on January 31, 2015. In conjunction with this previously announced leadership transition, the board appointed Javan Ottoson, currently president and COO, to the board effective as of September 26, and intends to appoint Ottoson as the companyís CEO upon Bestís retirement.

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