Playbooks Supplements

Unconventional Yearbook 2018

Issue link: http://yearbook.epmag.com/i/915048

Contents of this Issue

Navigation

Page 49 of 107

48 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS company produces and markets natural gas, NGL, synthetic crude oil and bitumen. "We continued to develop fields in Alberta and British Columbia during 2016 through drilling programs and investment in infrastructure to facil- itate new production," the company said in its 2016 annual report. "We own and operate natural gas processing and sulphur-extraction plants in Alberta and natural gas processing plants in British Colum- bia. Our investment focus remains on liquid-rich shale assets in Alberta. As part of that focus, we sold shale gas assets located in Deep Basin East and Gundy in November 2016." Shell also has interests in Honduras. SM Energy Co. ■ About 165,000 net acres in its operated Eagle Ford program ■ About 89,000 net acres in the Midland Basin Founded in 1908, SM Energy has operations in the Rockies, Permian Basin and Eagle Ford Shale. Third-quarter 2017 production totaled 10.7 MMboe (32% oil, 45% natural gas and 23% NGL), according to the company's third-quarter 2017 results report. In October and December 2016 SM Energy acquired oil and natural gas assets in How- ard and Martin counties in Texas from Rock Oil Holdings LLC and QStar LLC and a related entity, respectively, for $2.6 billion, according to news releases. In March 2017 SM Energy sold its third-party operated assets in the Eagle Ford, including own- ership interest in midstream assets, for $800 mil- lion to Venado EF LP, an affiliate of KKR, a press release stated. In the Eagle Ford Shale SM Energy reported average production of 112.6 Mboe/d and total proved reserves of 305.4 MMboe at year-end 2016 in this region, according to the company's web- site. Third-quarter 2017 production from SM Energy's Eagle Ford assets was 6.7 MMboe (60% natural gas, 35% NGL and 5% oil), according to the company's third-quarter 2017 report. SM Energy has about 165,000 net acres in its oper- ated Eagle Ford program. Third-quarter 2017 production from SM Energy's Eagle Ford assets was 6.7 MMboe. (Photo by Jim Blecha, courtesy of SM Energy)

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks Supplements - Unconventional Yearbook 2018