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SM Energy Ups Borrowing Base; Updates Eagle Ford Ops

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Business Wire
September 5, 2012

SM Energy Company (NYSE: SM) announces that net production from the Company’s operated Eagle Ford shale program averaged 230 MMCFE/d in July 2012. For the second quarter of 2012, net production in this program averaged 207 MMCFE/d. SM Energy also announces that it is currently starting up additional tank batteries to allow for continued production growth in its operated Eagle Ford shale program.

Additionally, SM Energy announces the borrowing base on its revolving credit facility has been increased by its bank group to $1.55 billion from $1.4 billion. The Company ...

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