SM Energy Sells Marcellus Shale Acreage to Focus in the Eagle Ford

SM Energy and Endeavor International reach a deal for SM’s Marcellus Shale acreage. The company is selling approximately 42,000 acres for $80 million. This is the latest in a series divestitures that will help the company finance its operations in the Eagle Ford Shale. The Eagle Ford Shale alone has the potential to double SM Energy’s production over the next few years. [Read more…]