Company type | Public company |
---|---|
NYSE:
SM S&P 600 component | |
Industry | Petroleum industry |
Founded | 1908 |
Headquarters | Denver, Colorado, United States |
Key people | Herb Vogel,
President &
CEO A. Wade Pursell, CFO William D. Sullivan, Chairman |
Products |
Petroleum Natural gas Natural gas liquids |
Production output | 140.7 thousand barrels of oil equivalent (861,000 GJ) per day (2021) |
Revenue | $2.622 billion (2021) |
$36 million (2021) | |
Total assets | $5.233 billion (2021) |
Total equity | $2.063 billion (2021) |
Number of employees | 506 (2021) |
Website |
sm-energy |
Footnotes / references [1] |
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 (57% of reserves and 45% of 2021 production) and the Permian Basin (43% of reserves and 55% of 2021 production).
As of December 31, 2021, the company had 492.0 million barrels of oil equivalent (3.010×109 GJ) of estimated proved reserves, of which 41% was petroleum, 17% was natural gas liquids, and 42% was natural gas. [1]
The company is on the Forbes Global 2000 list, ranked 1973 in 2023. [2]
The company was founded in 1908 and incorporated in 1915.
In 1992, the company became a public company via an initial public offering. [1]
In 2003, the company sold its assets in the Fort Chadbourne field for $17 million. [3]
In 2008, the company sold assets to Abraxas Petroleum Corporation for $131.6 million. [4]
In January 2010, the company sold assets in the Rocky Mountains for $267 million. [5]
In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy. [6]
In 2011, the company sold a partial interest in its holdings in the Eagle Ford Group to Mitsui & Co. [7]
In 2013, the company sold its assets in the Anadarko Basin for $329 million. [8]
In 2014, the company acquired 66,000 acres in the Bakken Formation for $330 million. [9]
In June 2015, the company sold its assets in the Arkoma Basin of Oklahoma for $270 million. [10]
In July 2015, the company sold its 76,300 net acres of Ark-La-Tex assets to Aethon Energy and RedBird Capital. [11]
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. [12] [13]
On October 18, 2016, the company announced the purchase of assets in West Texas for $1.6 billion from an affiliate of EnCap Investments and the sale of assets in the Williston Basin for $0.8 billion to Oasis Petroleum. [14]
In 2017, the company sold assets in the Eagle Ford Group for $800 million. [15]
In 2018, the company sold its assets in the Williston Basin. [16]
In 2022, SM Energy Co ranked 2nd out of 43 publicly traded oil and gas producer companies in the US and Canada in terms of ESG as measured by Rystad Energy. [17]