Thursday, December 23, 2010

SM Outlook for 2011

Link here.
  • 2011 CAPEX: $840 million for drilling; 60% ($500 million) in Eagle Ford; 20% ($170 million) in the Bakken and Three Forks
  • In Eagle Ford, SM's partner is Anadarko Petroleum; 10 rigs in 2011 versus current 7 rigs
  • Still has a significant natural gas exposure
See also: SM Energy will invest $170 million in the Bakken/Three Forks in 2011.
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