As a premier operator of top-tier assets in the Midland Basin, South Texas, and the Uinta Basin, we utilize state-of-the-art digital technology in our operations, and we continually seek innovative ideas to help us optimize capital efficiency and well performance, reduce our impact on shared natural resources and to operate in an efficient, safe, and responsible manner.
SM Energy has cultivated in-house expertise in geomechanical modeling and fracture simulation that allows us to tailor our completions to specific reservoir intervals across our assets to take into account changes in geology. This results in minimizing well interference and optimizing well performance.
By integrating seismic inversion data—now being performed in-house—into our well planning and geosteering models, we have substantially increased our rate of penetration, saving costs by reducing drill time and the number of drill bits required per well. Less time drilling leads to fewer potential instances of injury and spills as well as less fuel and emissions per pad.
By integrating near real-time operational data with our subsurface models we are able to drive cross functional innovation enabling proactive operational decisions that can result in increased efficiencies.
About 10% of our total team resides in our geosciences department. When you combine this expertise with data analytics and artificial intelligence, it’s not a coincidence that we have a high-quality, high return portfolio.
Our IT organization excels at finding ways to analyze, utilize, and distribute data to the entire organization to allow them to stay on the leading edge.
We work to ensure that our team has the skills and education needed to adapt to technological advances. The entire organization has the opportunity to develop and maintain the skills needed to succeed in our advanced data and technological environment. We foster discussion of innovative technologies and methods being employed across the company, provide training on the latest analytic platforms, and offer work on data-driven projects that improve operational efficiencies.
We are committed to protecting the safety and health of our employees, while supporting the professional development of our diverse and thriving team. We are leaders in environmental stewardship, integrating processes and goals throughout the organization while encouraging technical and innovative solutions to safeguard our surroundings. We seek to build and maintain strong partnerships with our stakeholders by investing in and connecting with the communities where we live and work.
