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BRIEF-SM energy announces closing of Permian Basin acquisition and increased borrowing base to $1.35 billion
October 5, 2016 / 10:36 AM / 10 months ago

BRIEF-SM energy announces closing of Permian Basin acquisition and increased borrowing base to $1.35 billion

Oct 5 (Reuters) - SM Energy Co

* SM energy announces closing of Permian Basin acquisition and increased borrowing base to $1.35 billion

* Company's borrowing base has been increased to $1.35 billion, with bank commitments of $1.25 billion, providing company with substantial liquidity

* Preliminary estimate of net production from acquired acreage for month of September is approximately 5,300 BOE per day Source text for Eikon: Further company coverage:

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