Type Public company Founded 1908 Revenue 1.217 billion USD (2016) | Industry Petroleum industry Number of employees 607 (2016) | |
Traded as NYSE: SM
S&P 400 Component Key people Javan D. Ottoson (CEO)
A. Wade Pursell (CFO)
William D. Sullivan (Chairman) Products Petroleum
Natural gas
Natural gas liquids Stock price SM (NYSE) US$ 20.81 -0.28 (-1.33%)24 Mar, 4:02 PM GMT-4 - Disclaimer Headquarters Denver, Colorado, United States CEO Javan D. Ottoson (Oct 2012–) Profiles | ||
Sm energy recruitment
SM Energy Company, formerly St. Mary Land & Exploration Company, is a petroleum and natural gas exploration company headquartered in Denver, Colorado.
Contents
Sm energy outstanding large business 2012
Current operations
The company's assets are entirely onshore in North America, located in 3 regions:
As of December 31, 2016, the company had 395.8 million barrels of oil equivalent (2.421×109 GJ) of estimated proved reserves, of which 27% was petroleum, 27% was natural gas liquids, and 47% was natural gas.
Of the company's 2016 production of 175.9 thousand barrels of oil equivalent (1,076,000 GJ) per day, 30% was petroleum, 26% was natural gas liquids, and 44% was natural gas.
Development
The company was founded in 1908 and incorporated in 1915. The company became a public company via an initial public offering in December 1992.
In 2011, the company sold a partial interest in its holdings in the Eagle Ford 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.
In 2015, the company sold its ArkLaTex assets to Aethon Energy and RedBird Capital.
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.