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SM Optimizing Eagle Ford Spacing; IDs Bakken Sweet Spot
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SM Energy Company reported its financial results for the second quarter of 2015 and provides an operations update.
Comments from President and Chief Executive Officer Jay Ottoson: "Our Company had an outstanding second quarter. Production came in ahead of budget, primarily as a result of strong well performance in both the Eagle Ford and Williston Basin as completion optimization is driving production performance above our type curves. Further, a number of new wells in our Eagle Ford East area down-spacing test program came into sales during the quarter with strong early production results.
"Unit lease operating costs were significantly below our forecast due to rapid improvements in recently acquired properties in Divide County, North Dakota and generally lower costs across all…
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