Energy Co
* SM Energy announces Permian Basin acquisition
* Seller is Rock Oil Holdings LLC
* Purchase price is $980 million
* Company said that it is increasing its estimate of total capital spend for 2016 by approximately $15-20 million
* Anticipate running one rig in Permian Basin in Q4 of 2016 and two rigs throughout 2017 Source text for Eikon: Further company coverage:
Recent Articles on M&A
Source: Reuters.com
