SM Energy, 3Q14 Earnings and Operational Update

This is old information; this is 3Q14; we should be getting 4Q14 data soon. 

See disclaimer. 

SM Energy: 3Q14 Earnings Call and Operational Update

Slide 3: SM Energy added to its acreage positions in the Bakken/Three Forks and Powder River Basin programs.

Slide 4 is interesting: cash return on average capital employed

• of 17 companies listed, SM Energy is listed first, at 23%
• then comes the other peer group members: CLR, COG, CXO, DNR, EGN, NFX, OAS, PXD, QEP, ROSE, RRC, UPL, WLL, WPX, XCO, and XEC, ranging from 19% to 6%

Slide 12: Bakken/Three Forks

• added approx 12,500 net acres in Gooseneck, October, 2014
• Gooseneck is in central Divide County, north to south county lines
• total Williston Basin net acreage: 238,000 net acres