Getting your player ready...
SM Energy Co. announced Monday that it plans to raise $300 million to $500 million through divestitures of nonstrategic assets and/or joint-venture agreements over the next 12 months.
Denver-based SM may sell or form a joint venture of the company’s roughly 43,000-acre Marcellus shale position in Pennsylvania’s McKean and Potter counties. Bank of America Merrill Lynch has been engaged to market these assets.
