Tag: SM eNERGY
SM Energy sells Eagle Ford assets for $800 Million
SM Energy transaction expected to close Q1 2017 SM Energy Company announced it entered an agreement with subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, for the sale of the company’s third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, for a purchase price of […]
SM Energy Cores up in Midland Basin with simultaneous transactions
SM Energy funding majority of $1.1 billion portion of acquisition with proceeds from Williston Basin asset sale DENVER – SM Energy Company announced it entered into a purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland Basin footprint to approximately 82,450 net acres. The acquired acreage […]
SM Energy closes Permian Basin acquisition, increases borrowing to $1.35 Billion
DENVER- SM Energy Company announced today that the Company closed the previously announced acquisition of 24,783 net acres in Howard County, Texas, from Rock Oil Holdings LLC for $980 million, before customary purchase price adjustments. The largely contiguous acreage position expands the Company’s Midland Basin footprint to approximately 46,750 net acres. The effective date of […]
SM Energy acquires 24,783 Permian Basin net acres
Purchase price of Permian Basin acreage is $980 million and the seller is Rock Oil Holdings LLC DENVER – SM Energy Company has announced a purchase agreement to acquire 24,783 net acres in Howard County, West Texas, expanding the company’s Midland Basin footprint to approximately 46,750 net acres. The acquired acreage position is largely contiguous and […]
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