SM Energy completed an acquisition in cash of 20,000 net acres in various Texas counties.
SM Energy Co. announced on June 28 that its board approved a quarterly cash dividend of $0.15 per share of common stock outstanding payable in early August.
In this week's A&D Minute, SM Energy expands in the Permian, CNX Resources offloads oil and gas interests to an undisclosed buyer and Riverbend Energy Group returns to the Williston.
SM Energy said it would acquire 20,000 net acres in Dawson and Martin counties, Texas, and disclosed an additional first quarter acquisition in the Midland Basin.
Lower-than-estimated fourth-quarter oil production volumes are expected to stretch through 2023, while capex is expected to increase by over $200 million.