Form 8-K SM Energy Co For: Aug 14
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SM Energy (SM) Revises FY14 CapEx; Updates Outlook
August 18, 2014 7:02 AM EDTSM Energy (NYSE: SM) announces that its board of directors approved a revised capital expenditure budget for 2014. The Company is also providing updated 2014 production and cost guidance, as well as production growth expectations for 2015 and 2016.
MANAGEMENT COMMENTARY
Tony Best, CEO, remarked, "I am pleased to share an improved production outlook that reflects the combination of our strong operational performance and our deep inventory of high return projects. Recent enhancements in our completion techniques are improving the value and quantity of drilling inventory across our portfolio, which has been further bolstered by our... More
