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SM Closed Anadarko Basin Divestiture Package

Source: www.gulfoilandgas.com 12/30/2013, Location: North America

SM Energy Company announces that it has closed its previously announced Anadarko Basin divestiture package, receiving total proceeds of approximately $329 million, which will provide additional liquidity to fund the Company’s 2014 capital program. Final divestiture proceeds will be subject to post-closing adjustments, which the Company expects to be completed within 120 days of closing. The effective date of the divestiture was October 1, 2013. For more information about related Opportunities and Key Players visit Tight Oil and Gas

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