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Maroc Maroc - ENERGY PEDIA.COM - 30/Jun 07:06

US: SM Energy announces highly accretive $2.0 billion Uinta Basin acquisition

SM Energy has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for an unadjusted purchase price of $2.55 billion.

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