SM Energy To Acquire Uinta Basin Oil And Gas Assets For An Unadjusted Purchase Price Of $2.55B
Portfolio Pulse from Benzinga Newsdesk
SM Energy has announced its acquisition of Uinta Basin oil and gas assets for an unadjusted purchase price of $2.55 billion.
June 27, 2024 | 11:19 am
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SM Energy is acquiring Uinta Basin oil and gas assets for $2.55 billion. This acquisition is likely to enhance SM Energy's asset portfolio and market position in the oil and gas sector.
The acquisition of Uinta Basin oil and gas assets for $2.55 billion is a significant investment for SM Energy. This move is expected to enhance their asset portfolio and strengthen their market position in the oil and gas sector, potentially leading to a positive short-term impact on their stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100