SM Energy Company

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	By January, 2009 with a deteriorating economy, the company announced that it was cutting its Marcellus exploration and development budget by 54%.		By January, 2009 with a deteriorating economy, the company announced that it was cutting its Marcellus exploration and development budget by 54%.
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		+	A May, 2009 report indicated that St. Mary planned to drill two horizontal Marcellus wells during the third quarter of 2009 and begin testing activities.
	Tony Best is St. Mary's President and CEO.		Tony Best is St. Mary's President and CEO.

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Revision as of 05:30, 5 May 2009

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In December, 2008, Denver, Colorado-based St. Mary Land & Exploration Company (NYSE: SM) announced that it had entered into an agreement wherein it could earn 43,000 net acres (50,000 gross acres) of land prospective for Marcellus shale in the central Pennsylvania counties of McKean and Potter.

By January, 2009 with a deteriorating economy, the company announced that it was cutting its Marcellus exploration and development budget by 54%.

A May, 2009 report indicated that St. Mary planned to drill two horizontal Marcellus wells during the third quarter of 2009 and begin testing activities.

Tony Best is St. Mary's President and CEO.