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  • Data analysis SM Energy Buys Additional Powder River Basin Acreage

    SM Energy has entered into separate agreements to acquire approximately 28,000 additional net acres in Powder River Basin north-east Wyoming. The company has agreed to pay a cash consideration of approximately $100 million plus trade approximately 7,000 net acres in other portions of the basin.The acquisition...

    SM Energy Buys Additional Powder River Basin Acreage Data analysis
    Global Deals, Others

    SM Energy has entered into separate agreements to acquire approximately 28,000 additional net acres in Powder River Basin north-east Wyoming. The company has agreed to pay a cash consideration of approximately $100 million plus trade approximately 7,000 net acres in other portions of the basin.

    The acquisition will increase SM Energy's total acreage in the Powder River Basin to approximately 161,000 net acres.

    The company has also said that it expects to add a third rig in Q2-2014 to accelerate delineation of its Powder River Basin play area. It expects to complete nine Frontier and two Shannon wells during 2014.

    View SM Energy press release

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