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SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in Texas and Utah. SM Energy was founded in 1908, incorporated in Delaware in 1915, and the initial public offering of common stock was in 1992. SM Energy common stock trades on the New York Stock Exchange under the ticker symbol “SM.” The company is headquartered in Denver, Colorado.
 | |
| Company type | Public company |
|---|---|
| NYSE: SM S&P 600 component | |
| Industry | Petroleum industry |
| Founded | 1908 |
| Headquarters | Denver, Colorado, United States |
Key people | Herbert S. Vogel, President & CEO A. Wade Pursell, Executive Vice President & CFO Beth A. McDonald, Executive Vice President & COO Julio M. Quintana, Chairman of the Board |
| Products | Petroleum Natural gas Natural gas liquids |
Production output | 170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024) |
| Revenue |  $2.7 billion (2024) |
| $770 million (2024) | |
| Total assets | $8.6 billion (2024) |
| Total equity | $4.2 billion (2024) |
Number of employees | 663 (2024) |
| Website | sm-energy |
| Footnotes / references [1] | |
SM Energy operates in the Midland Basin in West Texas, the Maverick Basin in South Texas, and the Uinta Basin in northeast Utah.
History
editThe company was founded in 1908 and incorporated in 1915.
In 1992, the company became a public company via an initial public offering.[1]
In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy.[2]
In 2011, the company sold a partial interest in its holdings in the Eagle Ford Group 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 for $330 million.[3]
In 2015, the company sold its Mid-Continent assets in multiple transactions.
In 2016, the company acquired approximately 62,000 net acres in the Midland Basin in Howard and Martin Counties, Texas for $2.6 billion. The company also sold its assets in the Williston Basin for $0.8 billion.
In 2018, the company sold its assets in the Williston Basin.
In 2022, the company 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.[4]
References
edit- ^ a b "SM Energy Company 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "St. Mary Land & Exploration is changing its name". American City Business Journals. May 27, 2010.
- ^ Harden, Mark (July 30, 2014). "SM Energy to acquire 61,000 acres in Bakken for $330 million". American City Business Journals.
- ^ "Report Claims ESG-focused US Shale Producers Perform Better over Time". HartEnergy. 8 July 2022. Archived from the original on 2022-07-08. Retrieved 2024-03-25.
External links
edit- Business data for SM Energy Company: