St. Mary Land and Exploration Company (NYSE:SM) is an independent oil and gas company engaged in the exploration, development, acquisition, and production of natural gas and crude oil in five core areas of the United States; the Mid-Continent, ArkLaTex, Permian Basin, Gulf Coast, and Rocky Mountains. The mission of the Company is to build stockholder value through consistent growth of net asset value per share.
St. Mary began 2009 with 866 BCFE of proved reserves, which were 64% gas and 83% proved developed. Key programs in our portfolio include the horizontal Woodford Shale program in the Arkoma Basin and the Wolfberry tight oil program in the Permian Basin. The Company also has exposure to emerging resource plays, particularly the Eagle Ford shale in the Maverick Basin in South Texas, the Marcellus shale in Pennsylvania, and the Haynesville shale in northern Louisiana and eastern Texas.
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