SM Energy Company (NYSE: SM) today announces that Ramiro G. Peru has
been appointed to serve as a director of the Company, effective August
20, 2014. Mr. Peru will serve as an independent director and as a member
of the Compensation Committee of the Board of Directors.
Bill Sullivan, Chairman of the Board, comments, "We are pleased to have
an individual of Ramey’s reputation and experience joining SM Energy.
His finance and accounting expertise will be valuable additions, and
will enrich the diverse knowledge and skills brought to our Company and
its stockholders by our board. We look forward to his advice and counsel
as we continue to execute our growth strategy."
Mr. Peru served as Executive Vice President and Chief Financial Officer
of Phelps Dodge Corporation from 1999 to 2007. He joined Phelps Dodge in
1979 and held various finance and accounting positions prior to his
appointment as Chief Financial Officer. Mr. Peru currently serves on the
Boards of Directors of WellPoint, Inc. and UNS Energy Corporation.
INFORMATION ABOUT FORWARD LOOKING STATEMENTS
This release contains forward looking statements within the meaning of
securities laws. The words “anticipate,” “assume,” “believe,” “budget,”
“estimate,” “expect,” “forecast,” “intend,” “plan,” “project,” “will”
and similar expressions are intended to identify forward looking
statements. These statements involve known and unknown risks, which may
cause SM Energy's actual results to differ materially from results
expressed or implied by the forward looking statements. These risks
include factors such as the availability, proximity and capacity of
gathering, processing and transportation facilities; the uncertainty of
negotiations to result in an agreement or a completed transaction; the
uncertain nature of announced acquisition, divestiture, joint venture,
farm down or similar efforts and the ability to complete any such
transactions; the uncertain nature of expected benefits from the actual
or expected acquisition, divestiture, joint venture, farm down or
similar efforts; the volatility and level of oil, natural gas, and
natural gas liquids prices; uncertainties inherent in projecting future
rates of production from drilling activities and acquisitions; the
imprecise nature of estimating oil and gas reserves; the availability of
additional economically attractive exploration, development, and
acquisition opportunities for future growth and any necessary
financings; unexpected drilling conditions and results; unsuccessful
exploration and development drilling results; the availability of
drilling, completion, and operating equipment and services; the risks
associated with the Company's commodity price risk management strategy;
uncertainty regarding the ultimate impact of potentially dilutive
securities; and other such matters discussed in the “Risk Factors”
section of SM Energy's 2013 Annual Report on Form 10-K. The forward
looking statements contained herein speak as of the date of this
announcement. Although SM Energy may from time to time voluntarily
update its prior forward looking statements, it disclaims any commitment
to do so except as required by securities laws.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the
acquisition, exploration, development, and production of crude oil,
natural gas, and natural gas liquids in onshore North America. SM Energy
routinely posts important information about the Company on its website.
For more information about SM Energy, please visit its website at www.sm-energy.com.
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