SM Energy completing second Granite Wash well

SM Energy Co. (NYSE:SM), formerly St. Mary Land and Exploration, recently started its Granite Wash drilling program with two wells.

The Wester 2-34H in the Mayfield area of western Oklahoma marks the first horizontal well drilled by the company in its 32,000 net acres, held by production, in the area. Initial production rates have yet to be released. SM Energy holds a 73% working interest in the well.

With part of the $79 million of its $725 million 2010 capital expenditure budget allocated to the Granite Wash, Marcellus, and Woodford shale programs combined (down $8 million from its original $87 million), the company anticipates completing four operated horizontal Granite Wash wells in 2010.

A second horizontal well, McEntire 2-27H (69% WI), is being completed.

SM Energy Co. is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.

The company operates in five core areas: the Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions.

Related Articles

Energen sells natural gas utility to become a pure play in the E&P space

04/07/2014

Energen Corp. has signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corp. (Alagasco), to The Laclede Group Inc.

Welch appointed EVP, CFO of JP Energy Partners

04/03/2014

JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

Rosetta Resources increases borrowing base to $950 million

04/03/2014 Rosetta Resources Inc. reports the amendment of its senior revolving credit facility to increase its borrowing base. Effective April 2, the company's borrowing base increased from $800 million to $...

Crestwood Midstream expands Permian Delaware Basin project

04/02/2014 Crestwood Midstream Partners LP reports a further expansion of its Willow Lake Project in the Permian Delaware Basin, which includes the conversion of a portion of its Las Animas natural gas gather...

Bolton joins Energen Resources as VP-Land

04/02/2014

David Bolton has been elected by the Energen Corp. board of directors as vice president, Land, for the company’s oil and gas exploration and production unit, Energen Resources Corp.

More Oil & Gas Financial Articles

Energen sells natural gas utility to become a pure play in the E&P space

Mon, Apr 7, 2014

Energen Corp. has signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corp. (Alagasco), to The Laclede Group Inc.

Welch appointed EVP, CFO of JP Energy Partners

Thu, Apr 3, 2014

JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

Rosetta Resources increases borrowing base to $950 million

Thu, Apr 3, 2014

Rosetta Resources Inc. reports the amendment of its senior revolving credit facility to increase its borrowing base. Effective April 2, the company's borrowing base increased from $800 million to $950 million.

Crestwood Midstream expands Permian Delaware Basin project

Wed, Apr 2, 2014

Crestwood Midstream Partners LP reports a further expansion of its Willow Lake Project in the Permian Delaware Basin, which includes the conversion of a portion of its Las Animas natural gas gathering system into rich gas service and the construction of an initial cryogenic natural gas processing plant.

Bolton joins Energen Resources as VP-Land

Wed, Apr 2, 2014

David Bolton has been elected by the Energen Corp. board of directors as vice president, Land, for the company’s oil and gas exploration and production unit, Energen Resources Corp.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ