SM Energy Company (SM): Granite Wash Update

By Andrea: http://oilshalegas.com


SM Energy Company (SM) recently released an update on the Granite Wash, located in Beckham County, OK:

The company plans to invest $60 million in 2011 in horizontal wells targeting the Marmaton and Missourian washes (also collectively referred to as the Granite Wash) in Beckham County in western Oklahoma. Two (2) operated drilling rigs will be required next year to execute on this program. SM Energy will operate over 65% of this activity. The economics of these projects benefit from the contribution of higher BTU natural gas and condensate in the production stream.

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