SM Energy (SM) Announces 15M Share Common Stock Offering
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SM Energy Announces Public Offering of Common Stock
August 8, 2016 6:51 AM EDTDENVER--(BUSINESS WIRE)-- SM Energy Company (NYSE: SM) announced today that it has commenced an underwritten public offering of 15,000,000 shares of its common stock. The Company expects to grant the underwriters in the offering a 30-day option to purchase up to 2,250,000 additional shares of common stock.
SMÂ Energy intends to use the net proceeds from the offering to pay a portion of the purchase price for its recently announced acquisition of all of the outstanding membership interests of an entity holding undeveloped leasehold interests, producing wells and associated infrastructure assets... More
SM Energy Announces Offering of $100 Million of Senior Convertible Notes Due 2021
August 8, 2016 6:51 AM EDTDENVER--(BUSINESS WIRE)-- SM Energy Company (SM Energy) (NYSE: SM) announced today that it intends, subject to market and other conditions, to offer $100 million in aggregate principal amount of a series of senior unsecured convertible notes due 2021 (the Notes). SM Energy expects to grant the underwriters in the offering a 30-day option to purchase up to an additional $15 million aggregate principal amount of the Notes. SMÂ Energy intends to use the net proceeds from the offering to pay the cost of the capped call transactions described below and the remainder to pay a portion... More
SM Energy Announces Permian Basin Acquisition
August 8, 2016 6:50 AM EDTSignificantly Expanding Footprint in Tier 1 Midland Basin
DENVER--(BUSINESS WIRE)-- SM Energy Company (NYSE: SM) today announced that it has entered into a definitive purchase agreement to acquire 24,783 net acres in Howard County, West Texas, expanding the Companys Midland Basin footprint to approximately 46,750 net acres. The acquired acreage position is largely contiguous and includes approximately 4,900 Boe per day net production (with two new wells coming on-line August 2016) and 6 MMBoe of proved developed producing reserves. The purchase price is $980 million and the seller is Rock Oil Holdings LLC.
President and... More
