SM Energy Said Moving Closer To Finalizing Its Midcontinent Exit

摘要

SM Energy moved one step closer to completing its exit from the gas-rich US Midcontinent last week after it closed on the first of two announced sales of asset packages in the region. The company said an undisclosed buyer is paying $270 million for its holdings in the Arkoma Basin in Oklahoma. The transactionis subject to post-closing adjustments and carries a retroactive effective date of Mar. 1.