SM Energy Company Reports Unaudited Consolidated Production Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:15 pm EDT
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SM Energy Company reported unaudited consolidated production results for the third quarter and nine months ended September 30, 2023. For the quarter, the company reported net oil production of 6.2 MMBbl against 5.7 MMBbl a year ago. Gas production was 32.9 Bcf against 31.0 Bcf a year ago. NGLs production was 2.5 MBbl against 1.8 MBbl a year ago. Equivalent production volumes were 14.1 MMBoe against 12.7 MMBoe a year ago.
For the nine months, the company reported net oil production of 17.7 MMBbl against 18.3 MMBbl a year ago. Gas production was 98.9 Bcf against 93.8 Bcf a year ago. NGLs production was 7.2 MBbl against 5.9 MBbl a year ago. Equivalent production volumes were 41.4 MMBoe against 39.8 MMBoe a year ago.
SM Energy Company s an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquid (NGL) in the state of Texas. The Companyâs asset portfolio is comprised of assets in the Midland Basin of West Texas and in the Maverick Basin of South Texas. The Companyâs Midland Basin assets are located in the Permian Basin in West Texas is comprised of approximately 110,000 net acres and include its RockStar assets in Howard and Martin Counties, Texas, its Sweetie Peck assets in Upton and Midland Counties, and Klondike assets in Dawson and northern Martin counties (Midland Basin). Its South Texas assets are comprised of approximately 155,000 net acres located in Dimmit and Webb Counties, Texas (South Texas). The Companyâs operations in South Texas are focused on production from the Eagle Ford shale formation and Austin Chalk formation, and further development of the Austin Chalk formation.