0000893538-14-000018.txt : 20140404 0000893538-14-000018.hdr.sgml : 20140404 20140404165636 ACCESSION NUMBER: 0000893538-14-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140403 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140404 DATE AS OF CHANGE: 20140404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SM Energy Co CENTRAL INDEX KEY: 0000893538 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 410518430 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31539 FILM NUMBER: 14746589 BUSINESS ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1200 CITY: DENVER STATE: CO ZIP: 80203 BUSINESS PHONE: 303-861-8140 MAIL ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1200 CITY: DENVER STATE: CO ZIP: 80203 FORMER COMPANY: FORMER CONFORMED NAME: ST MARY LAND & EXPLORATION CO DATE OF NAME CHANGE: 19940228 8-K 1 form8-k040414.htm 8-K Form 8-K 04.04.14


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
April 4, 2014 (April 3, 2014)

SM Energy Company
(Exact name of registrant as specified in its charter)

    
Delaware
001-31539
41-0518430
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
    

1775 Sherman Street, Suite 1200, Denver, Colorado
(Address of principal executive offices)
80203
(Zip Code)


Registrant’s telephone number, including area code: (303) 861-8140


Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4





Item 7.01    Regulation FD Disclosure.

In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On April 3, 2014, SM Energy Company (the “Company”) issued a press release announcing that the borrowing base under the Company's existing credit facility remained unchanged at $2.2 billion following its lenders' regularly scheduled semi-annual redetermination process. The Company has elected to leave the commitment amount from the bank group unchanged at $1.3 billion. The other terms of the credit facility remained unchanged and are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2013. The press release also announced the Company’s participation in an upcoming investor event. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference herein.

Item 9.01    Financial Statements and Exhibits.

(d)
Exhibits.
The following exhibit is furnished as part of this report:
 
Exhibit 99.1
Press release of the Company dated April 3, 2014, entitled, “SM Energy Announces Credit Facility Borrowing Base Redetermination and Participation in Upcoming Investor Conference”


























SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
 
SM ENERGY COMPANY
 
 
 
 
Date:
April 4, 2014
By:
/s/ PATRICK A. LYTLE
 
 
 
Patrick A. Lytle
 
 
 
Financial Reporting Manager and Assistant Corporate Secretary











EX-99.1 2 exhibit991040414.htm EXHIBIT 99.1 04.04.14 Exhibit 99.1 04.04.14


EXHIBIT 99.1


FOR IMMEDIATE RELEASE

SM ENERGY ANNOUNCES CREDIT FACILITY BORROWING BASE REDETERMINATION AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCE

DENVER, CO April 3, 2014 - SM Energy Company (NYSE: SM) announces that the borrowing base under its senior secured revolving credit facility remained unchanged at $2.2 billion following its lenders’ regularly scheduled semi-annual redetermination process despite several divestitures that occurred late in 2013, including the sizable Anadarko Basin package, and a decrease in the assumed natural gas prices used by the bank group since the last redetermination. SM Energy has elected to leave the commitment amount from the bank group unchanged at $1.3 billion. There were no other changes to the terms of the credit facility resulting from this borrowing base redetermination.

Tony Best, CEO, commented, “I am pleased to see that our credit facility’s borrowing base remained unchanged this redetermination cycle. We were able to hold it flat despite lower gas prices and material divestitures. This is a result of significant growth in proved reserves on our retained asset base. We are well positioned financially to execute on our core development programs and fund success in our New Ventures plays.”

Additionally, the Company announces that it will be participating in the following upcoming investor event:
 
April 8, 2014 - IPAA OGIS New York. Tony Best, CEO, will present at 10:30 AM Eastern Time.
 
SM Energy's presentation materials for this event will be available the day of the presentation at the Company's website at www.sm-energy.com. A link to the webcast of the Company's presentation will also be available on the Company's website for 15 days after the date of the presentation. 

 
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in onshore North America. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm‑energy.com.

SM ENERGY CONTACTS:
MEDIA:
Patty Errico, perrico@sm-energy.com, 303-830-5052

INVESTORS:
James Edwards, ir@sm-energy.com, 303-837-2444