DENVER, Sept. 14, 2017 /PRNewswire/ -- SM Energy
Company (the "Company") (NYSE:SM) announced today updated
information regarding the effects of Hurricane Harvey on the
Company's operations. Most importantly, all of the Company's
employees and families were safe during the disaster. The Company's
Houston office remains closed due
to flooding of the lower floors of the building, and employees are
able to work from home. Eagle Ford daily operations are run from
the Company's field office in Catarina,
Texas, which was not affected by the storm.
All of the Company's producing assets are located outside the
storm's path and were unharmed. While the Company had intermittent
curtailments in certain production due to downstream, third-party
facilities that were impacted by the storm, all of the Company's
operations have returned to pre-Harvey production levels.
The total effect on production from the hurricane is estimated
at 0.2 MMBoe, which effectively reduces previously provided third
quarter 2017 guidance to 10.6-11.0 MMBoe. This temporary effect on
production was distributed approximately 58% natural gas,
32% NGLs and 10% oil. Again, all of the Company's production,
drilling and completion operations have returned to normal.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in
the acquisition, exploration, development, and production of crude
oil, natural gas, and natural gas liquids in onshore North
America. SM Energy routinely posts important information
about the Company on its website. For more information about
SM Energy, please visit its website at www.sm-energy.com.
SM ENERGY CONTACT:
Jennifer Martin Samuels,
jsamuels@sm-energy.com, 303-864-2507
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SOURCE SM Energy Company