SM Energy Company (NYSE:SM) Files An 8-K Entry into a Material Definitive Agreement

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SM Energy Company (NYSE:SM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

As previously announced, SM Energy Company, a Delaware corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Venado EF L.P., a Delaware limited partnership (“Venado”), to which Venado will purchase from the Company all of the outstanding membership interests (the “Equity Interests”) in SM Energy ST LLC (“SM ST”), a Delaware limited liability company and wholly-owned subsidiary of the Company. On March 4, 2017, the Company and Venado entered into an amendment to the Purchase Agreement that extended the closing date specified in the Purchase Agreement to March 15, 2017.


About SM Energy Company (NYSE:SM)

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States. Its operations are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. It has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells. Within South Texas & Gulf Coast Region, the Company has both operated and non-operated Eagle Ford shale programs on approximately 200,000 net acres. It has approximately 162,000 net acres being developed in the Bakken and Three Forks formations. It has approximately 23,000 net acres in its Permian Region.

SM Energy Company (NYSE:SM) Recent Trading Information

SM Energy Company (NYSE:SM) closed its last trading session down -0.68 at 24.39 with 2,844,580 shares trading hands.