Denver BizJournal is reporting:
SM Energy says it plans to sell gas-producing assets in areas of the
Mid-Continent region of Oklahoma, Texas and Louisiana and close its
regional office in Tulsa, Oklahoma.
The Denver-based oil and gas
company said it will instead focus on its "core assets" in
the Eagle Ford and Bakken/Three Forks areas.
The assets to be
offered by SM are in the Arkoma Basin of Oklahoma and in the Arklatex
area of East Texas and Northern Louisiana. The assets produced 3.4
million barrels of oil equivalent in 2014, 98 percent of it gas, SM said
in late Tuesday's announcement.
I think I have talked about "this" numerous times since the slump in oil prices began October 1, 2014.
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