SM Energy(SM) - 2024 Q1 - Earnings Call Transcript

Conference Call Participants Turning to Slide 7. This is a new slide demonstrating efficiencies we are gaining in drilling and completion efforts that translate into cost savings. On the left, you can see improvement in feet drilled per day in both Midland Basin and South Texas operations, amounting to 10% and 20% improvements realized in the first quarter 2024 versus 2022, respectively. This is driven by optimization of drilling parameters, rig equipment, and downhole equipment within our target zones. On ...