Phase1IPCapstone.docx - 1 Israela Teachout MGMT495-1804A-02 Phase 1 IP Professor Charlotte Scott Colorado Technical University November 23rd 2018 2

Phase1IPCapstone.docx - 1 Israela Teachout MGMT495-1804A-02...

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1 Israela Teachout MGMT495-1804A-02 Phase 1 IP Professor Charlotte Scott Colorado Technical University November 23rd, 2018
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2 “SM Energy Company is engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids.” (SM Energy Company, 2015) Its corporate headquarters are located in Denver, Colorado with regional offices across the US. The company has oil and gas reserves in the following areas: Rocky Mountain region, Mid-Continent region, Permian Basin region, and South Texas and Gulf Coast region. The company is strong in the oil and natural gas reserves which provide a competitive advantage “however, environmental regulatory compliances in the US can have an adverse impact on the company’s operations.” (SM Energy Company, 2015) President and Chief Executive Officer is, Jay Ottoson. Mr. Ottoson joined the company at the end of 2006 and was elected to the board of directors in 2014. Mr. Ottoson received his bachelors of Science degree in chemical and petroleum refining engineering from Colorado School of Mines. The company has a total of 12 officers and 9 board of directors. “Sm Energy’s operations are focused on the exploration and development of oil and gas resource plays.” (Operations, 2018) Oil and natural gas are interwoven into our everyday lives. From home and lifestyle, to wardrobe and textiles, to recreational and safety products, to medical equipment and pharmaceuticals, to emerging technologies – oil and natural gas can be found in almost anything we encounter ourselves with.
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