The earnings performance was not enough to sway investors, however, as SM's stock sunk more than 17% in morning trade in New York on Wednesday.
The Denver-based company's first test of the Eagle Ford shale in in Washington County, Texas - the Brollier-1H - flowed at a respectable seven-day rate of around 1475 barrels of oil equivalent per day on a 4450-foot lateral and 17 frac stages.
