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SM Energy Provides Operations Update

Source: www.gulfoilandgas.com 10/29/2013, Location: North America

SM Energy Company provides an operations update.

Eagle Ford Shale
The Company's operated net production in the Eagle Ford shale averaged 68.1 MBOE per day in the third quarter of 2013, a 3% sequential increase over second quarter production of 66.1 MBOE per day. Average daily production in the third quarter of 2013 from the Company's operated Eagle Ford shale program increased 68% over the third quarter of 2012. During the third quarter, SM Energy made 25 flowing completions in its operated Eagle Ford shale program, the vast majority of which were located on the Company's Briscoe Ranch acreage. The build out of the Company's third party gathering system remained on schedule in the third quarter, with 12 facilities in service by quarter-end.

In the non-operated portion of the Company's Eagle Ford shale program, net production for the third quarter of 2013 averaged 19.8 MBOE per day, an approximately 14% sequential increase over the second quarter of 2013 production of 17.4 MBOE per day and an approximately 41% increase over the third quarter of 2012. The operator ran nine drilling rigs during the third quarter of 2013.

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