SM Energy Co. on Tuesday identified the buyers who have agreed to pay $225 million for 15,400 acres of SM?s land in the Eagle Ford Shale area of Texas.
SM, which did not name the buyers in announcing the deal Monday, identified them as Statoil Texas Onshore Properties LLC and Talisman Energy USA Inc. in a Securities and Exchange Commission filing Tuesday.
The sale is expected to close Aug. 2.
SM, a Denver-based oil and gas company (NYSE: SM) formerly known as St. Mary Land & Exploration Co., said Monday there are ongoing negotiations underway for other portions of its Eagle Ford position.
Three wells have been drilled on the land to be acquired by Statoil and Talisman Energy, but there is currently no production, it said, adding that the acreage had ?an immaterial amount of proved reserves? as of late 2010.
SM Energy Co. on Tuesday identified the buyers who have agreed to pay $225 million for 15,400 acres of SM?s land in the Eagle Ford Shale area of Texas.
SM, which did not name the buyers in announcing the deal Monday, identified them as Statoil Texas Onshore Properties LLC and Talisman Energy USA Inc. in a Securities and Exchange Commission filing Tuesday.
The sale is expected to close Aug. 2.
SM, a Denver-based oil and gas company (NYSE: SM) formerly known as St. Mary Land & Exploration Co., said Monday there are ongoing negotiations underway for other portions of its Eagle Ford position.
Three wells have been drilled on the land to be acquired by Statoil and Talisman Energy, but there is currently no production, it said, adding that the acreage had ?an immaterial amount of proved reserves? as of late 2010.
Source: http://feedproxy.google.com/~r/vertical_30/~3/jOkdDEg1JnM/buyers-named-in-225m-sm-energy-deal.html
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