SM Energy: Power Up The Oil And Gas Industry

Despite the difficulty for new entrants, existing rivalry remains high. The industry is very competitive with numerous companies vying for market share in key regions like the Permian Basin, Eagle Ford, and Bakken formations, where SM Energy Company operates. These companies mainly compete on product efficiency, technological innovation, and operation excellence for lower costs and high profitability during price fluctuations. As we have been seeing with the history of SM Energy Company, mergers and acquisi ...