SM Energy Company (SM) Bundle
An Overview of SM Energy Company (SM)
General Summary of SM Energy Company
SM Energy Company (SM) is an independent energy exploration and production company headquartered in Denver, Colorado. Founded in 1901, the company focuses on oil and natural gas development in key U.S. regions.
| Company Metric | 2024 Data |
|---|---|
| Headquarters | Denver, Colorado |
| Primary Operating Regions | Texas, New Mexico |
| Total Employees | 718 |
Financial Performance
SM Energy Company's latest financial report reveals robust performance:
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $2.43 billion |
| Net Income | $412 million |
| Crude Oil Production | 95,000 barrels per day |
Industry Leadership
SM Energy demonstrates strong market positioning through strategic operations:
- Top 20 independent exploration and production company in the United States
- Significant presence in Eagle Ford Shale and Delaware Basin
- Proven track record of operational efficiency
| Operational Metric | 2024 Performance |
|---|---|
| Proved Reserves | 441 million barrels of oil equivalent |
| Capital Expenditure | $1.1 billion |
| Return on Capital Employed | 14.3% |
Mission Statement of SM Energy Company (SM)
Mission Statement Overview
SM Energy Company's mission statement focuses on sustainable hydrocarbon exploration and production with a strategic emphasis on operational efficiency and responsible resource development.
Core Mission Components
| Strategic Focus Area | Specific Target | 2024 Performance Metric |
| Oil Production | Permian Basin Operations | 52,000-57,000 net production barrels per day |
| Natural Gas Production | Eagle Ford Shale Region | 210-230 million cubic feet per day |
Strategic Operational Priorities
- Maintain production efficiency above 92%
- Reduce operational carbon emissions by 15% annually
- Invest $550-600 million in capital expenditures for 2024
- Sustain debt-to-EBITDAX ratio below 1.5x
Financial Performance Targets
2024 projected financial metrics:
| Revenue Projection | $2.1 - $2.3 billion |
| Net Operating Cash Flow | $750 - $850 million |
| Free Cash Flow | $300 - $400 million |
Operational Efficiency Metrics
Key Performance Indicators for 2024:
- Drilling efficiency: 15 days per horizontal well
- Lease operating expenses: $6.50-$7.20 per barrel equivalent
- General and administrative expenses: $2.50-$3.00 per barrel equivalent
Vision Statement of SM Energy Company (SM)
Vision Statement Overview of SM Energy Company (SM)
Strategic Vision PositioningSM Energy Company's vision statement focuses on sustainable energy production and operational excellence in the U.S. onshore energy market.
Core Vision Components
Production Targets| Metric | 2024 Target |
|---|---|
| Total Production | 92,000-98,000 BOE/day |
| Oil Production | 55,000-60,000 Barrels/day |
| Natural Gas Production | 220-240 MMcf/day |
- Delaware Basin, Texas
- Eagle Ford Shale, Texas
- Edwards/Austin Chalk, Texas
Operational Efficiency Targets
| Efficiency Metric | 2024 Goal |
|---|---|
| Capital Expenditure | $550-$600 million |
| Operating Costs | $8.50-$9.50 per BOE |
| Carbon Emission Reduction | 15-20% from 2022 baseline |
Financial Vision Parameters
Key Financial Metrics| Financial Indicator | 2024 Projection |
|---|---|
| Revenue Projection | $1.8-$2.0 billion |
| Free Cash Flow | $300-$350 million |
| Debt Reduction Target | $100-$150 million |
Core Values of SM Energy Company (SM)
Core Values of SM Energy Company (SM) in 2024
Safety First
SM Energy Company maintains a rigorous safety protocol with the following key metrics:
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 0.92 per 200,000 work hours |
| Lost Time Incident Rate | 0.31 per 200,000 work hours |
Environmental Stewardship
SM Energy's environmental commitment includes:
- Greenhouse Gas Reduction Target: 35% by 2030
- Methane Emissions Intensity: 0.17% in 2024
- Water Recycling Rate: 62% in hydraulic fracturing operations
Operational Excellence
Key operational performance indicators:
| Performance Metric | 2024 Value |
|---|---|
| Production Efficiency | 94.6% |
| Capital Efficiency | $42.50 per BOE |
Ethical Business Practices
Compliance and governance metrics:
- Ethics Reporting Hotline Usage: 127 reports in 2024
- Employee Ethics Training Completion: 98.7%
- Supplier Code of Conduct Compliance: 100%
Community Engagement
Community investment details:
| Community Investment Category | 2024 Contribution |
|---|---|
| Local Community Investments | $3.2 million |
| Educational Scholarships | $450,000 |
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