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PS - SM Energy Highlights - November 13, 2019

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Since its August update, SM Energy has reached peak initial 30- day rates for 11 wells in the RockStar area in Martin and Howard counties, Texas. The wells averaged peak IP30s of 1,180 boe/d (90% oil) from the Wolfcamp A or Lower Spraberry. Laterals averaged 10,150 boe/d, resulting in relative rates of 116 boe/d per 1,000 lateral ft. The average cost to drill, complete and equip a RockStar well is $700/lateral ft. SM says......
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