Key Messages SM Energys development programs exceeding expectations. Increased 2013 production guidance to 47.9 MMBOE; 30% growth year over year. Continued success in New Ventures programs. Recent PRB Frontier results are…
Business Strategy Core Development Concentrate capital on highest return projects (DPI15 1.2). Control quality and pace of development through operatorship. Focus on debt-adjusted per share metrics. New Ventures Program…
New Ventures Why do we have a New Ventures program To self-generate economic inventory for future growth. Modest capital commitments throughout the process. Distill many geologic concepts into a couple of potentially impactful…
Production Outlook 2013 production guidance increased by 10%, yielding 30% annual production growth in 2013. Associated increase in development drilling capital increased by 3%. Production growth in 2014 and 2015 estimated to be 15%…
2013 Updated Capital Budget ( in millions) Development 60 2013 capital budget New Ventures of 1.65 billion 180 Non Drilling PRB 170 Acquisition Focused EFS and 1,240 Bakken programs Other, account for over 75% of 90…
Operated Eagle Ford Operational Highlights Net Production 70 28% sequential production 60 growth quarter over quarter; 50 MBOE/d 92% quarterly production 40 growth from 2Q12 to 2Q13. 30 51.8 66.1 20 40.5 45.2 The Company…
Non-operated Eagle Ford Net Production Operational Highlights 18 9% sequential growth quarter 16 over quarter; 83% quarterly MBOE/d 14 12 production growth year over 10 year. 8 16.0 17.4 14.0 15.5 6 The operator ran 4…
Bakken/Three Forks Net Production Operational Highlights 16 12% sequential growth quarter over 14 quarter; 32% quarterly production MBOE/d 12 growth year over year. 10 8 The Company operated 3 rigs during 6 11.9 12.2 13.7…
Permian Region Net Production Operational Highlights 7 25% sequential production growth 6 quarter over quarter; 35% MBOE/d 5 quarterly production growth from 4 6.6 2Q12 to 2Q13. 3 5.5 4.9 5.4 5.3 2 SM Energy has 125,000…
Powder River Basin WY Loco Federal well in the northern half of the Companys acreage position had a 30-day IP rate of 1,408 MBOE/d. The Company increased its acreage position Loco Federal in the Powder River Basin to 140,000 net…
East Texas SM Energy now has approximately 195,000 net acres in East Texas, an increase of approximately 45,000 net acres from its previously disclosed position. Acreage located primarily in Washington, San Jacinto, Walker, and Polk…
Financial Position TOTAL BOOK CURRENT DEBT CAPITALIZATION MATURITIES (in millions) (in millions) 3,500 3,000 2014 Total borrowing base 1.8 B; 2,500 2016 1.3 B in commitments 1,527 2,000 2018 1,500 500 2020 1,000 400 2022 500 350…
Debt to TTM EBITDAX 6.0x 5.0x 4.0x 3.0x Average: 2.5x 2.0x 1.0x 1.4x 1.3x 0.0x SM SM 6/30/13 3/31/13 SM Energys debt to trailing twelve-month EBITDAX is 50% below its peer average of 2.5x. The Company expects to…
Reasons to Invest in SM Energy Solid track record of performance. Top quartile 3-year debt adjusted per share production, reserves, and EBITDAX growth*. Poised for continued top-tier performance. Line of sight to continued…
Loading...
