LLOG Exploration Company LLC
05/08/2026 | Press release | Archived content
SM Playing Chill Asset-Sale Game While Gushing WTI Bucks
ExpandSM Energy operations in Dawson County, Texas. (Jay Brittain/SM Energy)
May 08, 2026 03:22 PM CDT
Key Takeaways
- SM Energy's 2026 divestment target is $1 billion-plus, leaving $100 million or more to sell.
- The E&P retired $819 million of notes due this year and refinanced $900 million of debt when issuing notes due 2034.
- It has $417 million of notes due in 2027 that it plans to call at par later this year.
- Its Uinta Basin property-one of four plays in its portfolio-has a cash margin of $40/bbl.
Oil-weighted SM Energy continues to look at what more it might sell while gushing bucks at $100 WTI, particularly in its $40-cash-margin Uinta Basin property.
Recommended For You
LLOG Exploration Company LLC published this content on May 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2026 at 19:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]