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.