SM Energy inks second Eagle Ford JV

摘要

A subsidiary of Mitsui & Co. Ltd., Tokyo, (Nasdaq: MITSY; Tokyo: 8031) plans to acquire a 12.5% working interest in a nonoperated Eagle Ford shale position in South Texas and other interests held by SM Energy Co., Denver, (NYSE: SM) for up to $750 million in carried costs and reimbursements.Combined with SM Energy's previous deal to sell Eagle Ford assets to subsidiaries of Statoil ASA, Stavanger, Norway, (NYSE; Oslo: STO; STL) and Talisman Energy Inc., Calgary, (NYSE; Toronto: TLM) for $225 million, SM Energy will have raised a total of $975 million with these two Eagle Ford transactions.