|Exchange:||New York Stock Exchange|
|Stock:||SM Energy Co|
|Industry:||Oil & Gas E&P|
|SM Energy Company was founded in 1908 and incorporated in Delaware in 1915. It is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in onshore North America. The Company’s assets include positions in the Eagle Ford shale and Bakken/Three Forks resource plays, as well as meaningful positions in the Granite Wash, Haynesville shale, and Woodford shale resource plays. It has built a portfolio of onshore properties in the contiguous United States mainly through early entrance into existing and emerging resource plays. This portfolio is comprised of properties with established production and reserves, prospective drilling opportunities, and unconventional resource prospects. The Company faces intense competition from a substantial number of major and independent oil and gas companies, which in some cases have larger technical staffs and greater financial and operational resources than the Company does. Many of these companies not only engage in the acquisition, exploration, development, and production of oil and natural gas reserves, but also have refining operations, market refined products, own drilling rigs and other equipment, and generate electricity. The Company’s business is extensively regulated by numerous federal, state, and local laws and governmental regulations.|
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