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EX-99.1 - EXHIBIT 99.1 - SM Energy Coexhibit9911092014.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
October 10, 2014 (October 9, 2014)

SM Energy Company
(Exact name of registrant as specified in its charter)

    

Delaware
001-31539
41-0518430
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)



1775 Sherman Street, Suite 1200, Denver, Colorado
(Address of principal executive offices)
80203
(Zip Code)


Registrant's telephone number, including area code: (303) 861-8140


Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))









Item 7.01    Regulation FD Disclosure
In accordance with General Instruction B.2. of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On October 9, 2014, SM Energy Company (the “Company”) issued a press release announcing its revised 2014 production outlook. Additionally, the Company announced that the borrowing base under the existing credit facility was increased to $2.4 billion from $2.2 billion as a result of its lenders' regularly scheduled semi-annual redetermination. The Company has elected to leave the commitment amount from the bank group unchanged at $1.3 billion. There were no other changes to the terms of the credit facility. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference herein.


Item 9.01    Financial Statements and Exhibits.

(d)
Exhibits.
The following exhibit is furnished as part of this report:
 
Exhibit 99.1
Press release of the Company dated October 9, 2014, entitled, “SM Energy Announces Revised 2014 Production Outlook and Increased Credit Facility Borrowing Base”






















SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




 
 
 
SM ENERGY COMPANY
 
 
 
 
Date:
October 9, 2014
By:
/s/ PATRICK A. LYTLE
 
 
 
Patrick A. Lytle
 
 
 
Financial Reporting Manager and Assistant Secretary