// Workers AI · dad joke modeWhat did SM Energy say to its date? You're a gas.
 | |
| Type | Public |
|---|---|
| Industry | Petroleum industry |
| Founded | 1908 |
| Headquarters | Denver, Colorado, U.S. |
| 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 | |
Production output | 170.5 thousand barrels of oil equivalent (1,043,000 GJ) per day (2024) |
| Revenue |  US$3.15 billion (2025)[1] |
 US$648 million (2025)[1] | |
Number of employees | 663 (2024) |
| Website | sm-energy |
| Footnotes [2] | |
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
The company's assets are in the Eagle Ford Group/South Texas (51% of reserves and 48% of 2024 production), the Permian Basin/Midland Basin (34% of reserves and 47% of 2024 production), and the Uinta Basin (15% of reserves and 5% of 2024 production).
As of December 31, 2024, the company had 678.3 million barrels of oil equivalent (4.150×109 GJ) of estimated proved reserves, of which 44% was petroleum, 18% was natural gas liquids, and 38% was natural gas.[2]
History
[edit]The company was founded in 1908 as the St. Mary Parish Land Company[3] and was incorporated in 1915.[4] In 1992, the company went public via an initial public offering.[2] In May 2010, the company changed its name from St. Mary Land & Exploration Company to SM Energy.[5]
Acquisitions and divestitures
[edit]| Date | Acquisition / Divestiture | Company | Price | Ref(s). |
|---|---|---|---|---|
| January 2010 | Divestiture | Assets in the Rocky Mountains | $267 million | [6] |
| December 2011 | Divestiture | Partial interest in Eagle Ford Group holdings to Mitsui & Co. | $680 million | [7] |
| November 2013 | Divestiture | Assets in the Anadarko Basin | $329 million | [8] |
| July 2014 | Acquisition | 66,000 acres in the Bakken Formation | $330 million | [9] |
| June 2015 | Divestiture | Assets in the Arkoma Basin | $270 million | [10] |
| July 2015 | Divestiture | 76,300 net acres in Ark-La-Tex | Undisclosed | [11] |
| August 2016 | Acquisition | Rock Oil Holdings LLC, which owned 24,783 net acres in Howard County, Texas | $980 million | [12] |
| October 2016 | Acquisition | Assets in West Texas | $1.6 billion | [13] |
| October 2016 | Divestiture | Assets in the Williston Basin sold to Oasis Petroleum | $800 million | [14] |
| March 2017 | Divestiture | Assets in the Eagle Ford Group | $800 million | [15] |
| January 2018 | Divestiture | 112,200 Acre Leasehold In The Powder River Basin | $500 million | [16] |
| May 2018 | Divestiture | Assets in the Williston Basin | $249.2 million | [17] |
| June 2024 | Acquisition | Assets in the Uinta Basin | $2.1 billion | [18] |
References
[edit]- 1 2 "SM Energy Co Form 10-K for the fiscal year ended December 31, 2025". U.S. Securities and Exchange Commission. 2026-02-26. Retrieved 2026-08-31.
- 1 2 3 "SM Energy Company 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 22, 2025.
- ↑ "SM Energy Company (formerly St. Mary Land & Exploration Company)". Chapman Legacy Society. Retrieved 2026-07-27.
- ↑ "SM Energy Accidents". Arnold & Itkin LLP. Retrieved 2026-08-12.
- ↑ "St. Mary Land & Exploration is changing its name". American City Business Journals. May 27, 2010.
- ↑ "St. Mary Land & Exploration To Divest Non-strategic Rocky Mountain Oil Assets For $267 Mln - Update". RTT News. January 8, 2010.
- ↑ "Mitsui Finalizes Eagle Ford Deal With SM Energy". Hart Energy. December 21, 2011.
- ↑ "SM Energy Exits Anadarko Basin With $343 Million Sale". Hart Energy. November 6, 2013.
- ↑ Harden, Mark (July 30, 2014). "SM Energy to acquire 61,000 acres in Bakken for $330 million". American City Business Journals.
- ↑ Harden, Mark (June 1, 2015). "SM Energy sells Oklahoma assets for $270 million". American City Business Journals.
- ↑ "Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets". Hart Energy. July 2, 2015.
- ↑ Zborowski, Matt (August 8, 2016). "SM Energy to buy Midland basin firm for $980 million". Oil & Gas Journal.
- ↑ "SM Energy to buy Permian Basin acreage for $1.6 billion". Reuters. October 18, 2016.
- ↑ "Oasis to buy Williston assets from SM Energy for $785 million". Oil & Gas Journal. October 18, 2016.
- ↑ Hiller, Jennifer (January 3, 2017). "SM Energy switches focus from the Eagle Ford to the Permian Basin". San Antonio Express-News.
- ↑ "SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million". Reuters. January 10, 2018.
- ↑ "SM Energy Transitions To Pure-Play Texas Company With $292 Million Asset Sales". Hart Energy. April 4, 2018.
- ↑ Dareen, Seher (June 27, 2024). "SM Energy to buy XCL's Uinta assets for $2 bln, shares slump". Reuters.
External links
[edit]- Official website
- Business data for SM Energy Company: