Colorado energy company to unload more assets

DENVER BUSINESS JOURNAL - A Denver energy company said it's going to unload more assets.

SM Energy Co. said it's going to sell 54,500 acres in the Williston Basin, primarily in Divide County, North Dakota.

The company (NYSE: SM) said it's selling the acreage so it can concentrate its efforts on its Texas oilfields.

"We are continuing to core up our portfolio, such that we can concentrate investment dollars in the highest return programs and bring that value forward through accelerated activity," said CEO Jay Ottoson, in a statement.

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