SM Energy (SM) Announces First Quarter Preview
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SM Energy Announces First Quarter Preview, Permian Outperformance, And Realized Pricing Above Expectations
April 17, 2018 5:15 PM EDTDENVER, April 17, 2018 /PRNewswire/ --Â SM Energy Company (the "Company") (NYSE: SM) today announced certain operating results for the first quarter of 2018 including production, realized pricing and total capital spend. Highlights include:
10.14 MMBoe total production, exceeding the high end of guidance 42% oil production in the commodity mix 18% sequential and 100% year-over-year growth in Midland Basin production $37.76 per Boe average realized price, highest level in 14 quarters Costs incurred $372 million and total capital spend $367 million, slightly ahead of guidance primarily due to increased ownership interests in... More