Key Takeaways SM Energy is benefiting from strong financial performance driven by oil-weighted production growth. Uinta Basin integration led to a 63% jump in daily oil output and exceeded drilling efficiency expectations. SM is using free cash flow to cut debt, even at $55 oil, but lags peers in dividend yield.SM Energy (SM) is an independent exploration and production firm, with its operations focused on the Permian Basin, Uinta Basin and South Texas region. SM Energy owns approximately 111,000 net acre ...