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STS - SM Energy Highlights - March 5, 2020

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Based on SM Energy’s Austin Chalk results to date in South Texas, the company says a capital program focused on the play would deliver highly competitive returns. To date, SM’s Austin Chalk wells have averaged 30-day peak three-stream IPs of 2,580 boe/d (34% oil). In Q4, one such well delivered a peak IP30 of 2,635 boe/d (61% oil), with oil flow roughly doubling the average. The company’s South Texas Q4 production was 57,900 boe/d......
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