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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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February 24, 2015
17:37 EDTSMSM Energy estimate of proved reserves as of December 31, 2014, 547.7 MMBOE
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17:36 EDTSMSM Energy sees FY15 production 60.4 to 63.5 MMBOE
Based on the capital budget and program, SM Energy anticipates full-year 2015 production to range from 60.4 to 63.5 MMBOE (165 - 174 MBOE/d). The midpoint of the company's provided guidance represents annual production growth of approximately 12% year over year. Production for the first quarter of 2015 is expected to be essentially flat to the fourth quarter of 2014, with production declining approximately 1% per quarter for the remainder of the year due to the reduction in rig activity and deferral of well completions throughout the year. The company's production mix for 2015 is expected to be similar to that of 2014.
17:35 EDTSMSM Energy sees FY15 CapEx $1.2B, down 43% from FY14 levels, ex-acquisitions
17:34 EDTSMSM Energy reports Q4 adjusted EPS $1.05, consensus $1.10
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