Our 2024 asset acquisition, located in the core, over-pressured oil window of the Uinta Basin in Utah, increases our portfolio by ~63,300 net acres and 3+ years (or 465+ locations) of inventory. The acquisition adds substantial scale and is accretive to all financial metrics.
Located in northeast Utah, the Uinta Basin reached its current configuration during the Laramide Orogeny, but its sedimentary history extends back to the Paleozoic Era. With three plays actively being tested, delineated or developed by operators within the basin, SM Energy is focused on the oil-rich unconventional reservoirs in the Wasatch and Green River formations. Their combined 4,000 feet of over-pressured stacked pay provides multiple source rock and reservoir benches with as many as 17 potential targets. We see tremendous opportunity in this oil-rich play!
