SM News & Events

SM Energy announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy for a cash purchase price of $950M subject to customary adjustments. SM Energy has agreed to sell approximately 61,000 net acres and approximately 260 producing wells in its southern Maverick Basin position in Webb County, Texas, along with related support facilities. Production from these assets is expected to average approximately 37-39 MBoe/d in 2026 and generate approximately $160M of asset-level cash flows for the full year, excluding corporate burdens. As of December 31, 2025, net proved reserves associated with these properties were approximately 168 MMBoe. The Transaction is expected to close in the Q2 with an effective date of February 1, SM Energy expects to prioritize debt reduction with the proceeds, reinforcing its commitment to balance sheet strength and financial flexibility. RBC Capital Markets is serving as exclusive financial advisor to SM Energy and Skadden, Arps, Slate, Meagher & Flom is serving as legal advisor to SM Energy.

SM Energy (SM) announced the closing of its all-stock merger with Civitas Resources (CIVI). The transaction was approved by stockholders of both companies at special meetings held on January 27. The combined company continues to trade under the ticker symbol "SM" and will retain the name SM Energy Company.