SM Energy
Seite 1 von 1 Neuester Beitrag: 25.04.21 09:47 | ||||
Eröffnet am: | 10.03.20 22:35 | von: Gurrr | Anzahl Beiträge: | 11 |
Neuester Beitrag: | 25.04.21 09:47 | von: Vanessaavln. | Leser gesamt: | 7.015 |
Forum: | Börse | Leser heute: | 5 | |
Bewertet mit: | ||||
Heute jedenfalls einige Insiderkäufe zwischen 2-3$.
--
SM ENERGY ANNOUNCES REAFFIRMATION OF BORROWING BASE AND AGREEMENT FOR SOUTH TEXAS WELL COMPLETIONS
NOVEMBER 16, 2020
DENVER, Nov. 16, 2020 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) provides a fourth quarter 2020 update. The Company and its lenders under the senior secured revolving credit facility have completed the regularly scheduled fall borrowing base redetermination, and the Company has entered into an agreement with a third party to partly fund South Texas well completions.
The borrowing base and lender commitments under the Company's senior secured revolving credit facility were reaffirmed at $1.1 billion, which provided liquidity of approximately $880 million as of September 30, 2020. In addition, the Company's second-lien debt capacity of approximately $380 million was extended until the spring 2021 borrowing base redetermination.
The Company also announced that it has entered into an agreement with a third party to fund the majority of completion costs associated with six wells in South Texas. As a result, fourth quarter capital expenditure guidance is reduced by approximately $15 million. The well completion program associated with the agreement includes co-development of three lower Eagle Ford and three Austin Chalk wells currently in the Company's DUC inventory. The Company will operate the wells and retain a 50% working interest.
As previously announced, an updated investor presentation will be posted to the Company's website before market open on November 18, 2020.
https://ir.sm-energy.com/ir-home/news-and-events/...ions/default.aspx