Market Overview

SM Energy t0 Market Anadarko Basin Assets

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SM Energy Company (NYSE: SM) announces today that it has engaged an
advisor to market all of its properties in the Anadarko Basin, which
includes the Company's Granite Wash interests. The marketing process is
anticipated to take approximately six months. Production from the assets
represents slightly over 9,000 BOE per day (75% natural gas), which is
approximately 8% of the Company's total production in the first quarter
of 2013. The Company's Anadarko Basin assets include approximately
56,000 net mineral acres. SM Energy regularly reviews its asset
portfolio to identify opportunities to high grade and concentrate its
inventory through divestitures such as this planned sale, the proceeds
of which the Company expects to fund strategic projects in its portfolio.

See full press release

Posted-In: News Contracts Asset Sales Global

 

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