trending Market Intelligence /marketintelligence/en/news-insights/trending/agsik2vuemtcmlcqhoummw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

SM Energy closes $500M sale of Powder River Basin assets

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

In the Battle for Market Share, Analysts See Downturn Boosting Renewable Energy

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry


SM Energy closes $500M sale of Powder River Basin assets

SM Energy Co. completed a divestiture of most of its assets in the Powder River Basin for $500 million, as the Denver-based oil and gas producer shifts its focus to its Midland Basin and Eagle Ford Shale assets in Texas.

The assets include about 112,200 net acres in the Powder River Basin, with about 2,200 barrels of oil equivalent per day of average net production in December 2017, composed of 51% oil, 18% natural gas liquids and 31% natural gas. The assets were sold to Northwoods Operating LLC, a portfolio company of funds managed by Apollo Global Management LLC, according to a March 26 news release.

The company will use the sale proceeds for general corporate purposes, such as repayment of debt. The deal has an effective date of Oct. 1, 2017.