SM Energy Company

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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%.

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

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