SM Energy reports Q4 production 19.1MMBOE

Fourth quarter production volumes were 19.1 MMBoe, or 208.0 MBoe/d, and were 51% oil. Production volumes increased 22% sequentially and oil production volumes increased 38% sequentially with the addition of the Uinta Basin assets acquired on October 1, 2024. Fourth quarter volumes were affected by approximately 3 MBoe/d as a result of downtime from third-party crude takeaway and the decision to reject ethane at certain gas processing plants due to better economics with strong natural gas prices. Full year production volumes of 62.4 MMBoe (170.5 MBoe/d) were up 12% from 2023. Production volumes were 48% from South Texas, 47% from the Midland Basin, and 5% from the Uinta Basin. Volumes were 47% oil, 37% natural gas and 16% NGLs.