SM Energy Co. President and CEO Javan (Jay) D. Ottoson is set to retire by year-end, said the Denver-based company which has tapped COO Herbert S. Vogel as Ottoson’s successor.

Ottoson, who has been with SM Energy for 14 years, led the company through its transformation into a pure-play Texas company through multiple divestitures since taking the reins as CEO in 2015.

Currently, SM Energy, which history dates back over a century, holds about 82,000 net acres in the Midland Basin and 159,000 net acres in South Texas within the Maverick Basin, according to a recent investor presentation.

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