SM Energy (SM) Misses Q1 EPS by 12c, Revenues Miss
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SM Energy Reports First Quarter 2019 Results: Solid Execution On 2019 Plan
May 1, 2019 5:00 PM EDTDENVER, May 1, 2019 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) today announced financial and operating results for the first quarter of 2019. Highlights include:
Excellent well performance and capital efficiency - demonstrated by the successful Merlin Maximus development in RockStar. 19 wells across three intervals reached 30-day peak IP rates in excess of 1,400 Boe/d per well and 87% oil, where the average cost at this 25-well development to drill, complete and equip is expected to be less than $765 per lateral foot. Value... More