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Production beats expectations: 11.3 MMBoe, exceeding guidance due to well performance
11% growth from retained assets compared with the second quarter of 2016
Full year 2017 production guidance increased by 0.8 MMBoe at the mid-point to 44.5-46.5 MMBoe
Guidance reflects expected significant oil growth in the second half of 2017
Capital efficiency drives value: First half of 2017 exceeds plan expectations for well performance and revenue at lower than expected drilling and completion costs
Well tests continue to confirm RockStar acreage to east: Viper well peak 24-hour IP rate of 1,316 Boe/d, 91% oil
Balance sheet remains strong: $1.5 B in liquidity
The following information was filed by Sm Energy Co (SM) on Thursday, August 3, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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