SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company was known as St. Mary Land & Exploration Company until 2010. The company's assets are in the

Eagle Ford Group The Eagle Ford Group (also called the Eagle Ford Shale) is a Sedimentary rock, sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous over much of the modern-day state of Texas. The Eagle Ford is pr ...

(57% of reserves and 45% of 2021 production) and the

Permian Basin The Permian ( ) is a geologic period and stratigraphic system which spans 47 million years from the end of the Carboniferous Period million years ago (Mya), to the beginning of the Triassic Period 251.9 Mya. It is the last period of the Paleoz ...

(43% of reserves and 55% of 2021 production). As of December 31, 2021, the company had of estimated proved reserves, of which 41% was petroleum, 17% was natural gas liquids, and 42% was natural gas.

History

The company was founded in 1908 and incorporated in 1915. In 1992, the company became a public company via an initial public offering. In 2003, the company sold its assets in the Fort Chadbourne field for $17 million. In 2008, the company sold assets to Abraxas Petroleum Corporation for $131.6 million. In January 2010, the company sold assets in the Rocky Mountains for $267 million. In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy. In 2011, the company sold a partial interest in its holdings in the

to Mitsui & Co. In 2013, the company sold its assets in the Anadarko Basin for $329 million. In 2014, the company acquired 66,000 acres in the

Bakken Formation The Bakken Formation () is a rock unit from the Late Devonian to Early Mississippian age occupying about of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initi ...

for $330 million. In June 2015, the company sold its assets in the Arkoma Basin of Oklahoma for $270 million. In July 2015, the company sold its 76,300 net acres of Ark-La-Tex assets to Aethon Energy and RedBird Capital. In August 2016, the company acquired Rock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas, from Riverstone Holdings for $980 million. On October 18, 2016, the company announced the purchase of assets in West Texas for $1.6 billion from an affiliate of

EnCap Investments EnCap Investments is an American private equity firm, specializing in the energy industry, particularly oil & gas. The firm was established in 1988 and is based in Houston, Texas. History In 2012, the company started a $4.3 billion fund to inve ...

and the sale of assets in the Williston Basin for $0.8 billion to Oasis Petroleum. In 2017, the company sold assets in the

for $800 million. In 2018, the company sold its assets in the Williston Basin.

References

External links

{{Authority control American companies established in 1908 Companies based in Denver Companies listed on the New York Stock Exchange Energy companies established in 1908 Natural gas companies of the United States Non-renewable resource companies established in 1908 Oil companies of the United States