About SM Energy
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in onshore North America.
SM Energy operates in four core areas managed by four regional offices. The South Texas & Gulf Coast, Mid?Continent, Rocky Mountain, and Permian regions are operated out of the Company’s offices in Houston, Texas; Tulsa, Oklahoma; Billings, Montana; and Midland, Texas, respectively.
Each office is staffed with a full complement of geologists, geophysicists, landmen and engineers who have extensive experience in the region or basin where they work.
Project Experience Includes:
The Company’s presence in the South Texas & Gulf Coast region dates back to 1908 when the founders acquired approximately 25,000 acres of fee lands in St. Mary Parish, Louisiana. SM Energy continues to receive royalty income from these properties. Presently, the Houston office is focused on the Eagle Ford shale in the Maverick Basin in South Texas. Using two small acquisitions as its entry points in 2007, SM Energy has since built a significant acreage position in the basin through leasing efforts and participation in a joint venture with industry partners. The Company now operates approximately 150,000 net acres of its total 196,000 net acre position. Most of the activity in its operated acreage is focused on the acreage in the rich-gas window of the play where the Company currently has the most favorable economics.
SM Energy established its Mid-Continent regional office in Tulsa in the late 1970s. The region manages assets in the Granite Wash in the Anadarko Basin, the Haynesville and Bossier shales in the East Texas & North Louisiana Basin, and the Woodford shale in the Arkoma Basin. Currently, the Company is focused on its Granite Wash assets where it is targeting Marmaton and Missourian washes with typically higher oil and NGL content.
SM Energy has had a presence in the Permian Basin since the mid-1990s, but became far more involved in the basin with its acquisition of Wolfberry tight oil assets in late 2006. The acquisition provided the necessary critical mass to open a regional office in Midland, Texas. More recently, the Company has shifted its focus to other areas of the Permian basin, including more recently acquired acreage in the northern Midland basin where the Company is focused on delineating Mississippian lime acreage.
SM Energy has been active in the Rockies since the early 1990s. The acquisition of Nance Petroleum in 1999 established a more significant presence in the region. While the Company has approximately 200,00 net acres in the Williston Basin, SM Energy’s activities in the region are primarily focused on the oil-producing formations of the North Dakota portion of the Basin, namely the Bakken and Three Forks formations, where the Company has approximately 87,000 net acres.