SM Energy (SM) Tops Q2 EPS by 28c
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SM Energy Reports Second Quarter 2021 Results: Cash Flow Beat, Production Outperformance And Lower Than Expected Capital
July 29, 2021 4:15 PM EDTDENVER, July 29, 2021 /PRNewswire/ --Â SM Energy Company (the "Company") (NYSE: SM) today announced operating and financial results for the second quarter 2021 and provided certain second half 2021 guidance.
Second quarter 2021 highlights:
Production was 12.4 MMBoe (136.5 MBoe/d) and was 54% oil. Production volumes exceeded expectations due to outperformance from new wells and base production in the Austin Chalk. Capital expenditures reflected continued capital efficiencies with costs remaining at approximately $520 per lateral foot. Capital expenditures of $222.6 million adjusted for decreased capital accruals of $8.4 million totaled $214.2 million.... More