SM Energy Archives - Oil & Gas 360

SM Energy closes $950 million South Texas asset sale

May 1, 2026

(Oil & Gas 360) – Publisher’s Note: SM Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SM Energy Company has completed the sale of certain South Texas assets for $950 million, advancing the company’s broader portfolio repositioning strategy. The transaction delivers approximately $900 million in net proceeds and represents a major step toward SM Energy’s

Asset Sales, debt reduction and gas growth mark Q4 E&P moves- oil and gas 3600

Asset Sales, debt reduction and gas growth mark some Q4 E&P moves

February 19, 2026

(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects an industry trend toward concentrating capital in core operating areas while monetizing non-core positions. Occidental Petroleum

SM Energy completes Civitas merger, expands Permian and U.S. shale footprint

January 30, 2026

(World Oil) – SM Energy Company has closed its all-stock merger with Civitas Resources, Inc. following shareholder approval at special meetings held Jan. 27. The combined company will continue operating under the SM Energy name. The transaction creates a larger, oil-focused U.S. independent with a broader footprint across core shale basins, including an expanded position in the Permian Basin. Management has previously outlined plans

Civitas Resources boosts production, lowers costs ahead of SM Energy merger

November 7, 2025

(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher production, lower costs, and continued balance sheet strength. The company earned net income of $177 million, generated $860 million in operating cash flow, and achieved Adjusted EBITDAX of $855 million, exceeding internal forecasts. Oil and total production volumes rose 6%

SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE

November 3, 2025

(Oil & Gas 360) Value-Enhancing Scale Premier portfolio across the highest-return U.S. shale basins drives significant free cash flow and enhanced stockholder value Pro forma second quarter of 2025 production totaled 526 MBoe/d Pro forma full-year 2025 consensus free cash flow of more than $1.4 billion Step-change in free cash flow supports sustained return of capital Value-Driven Synergies Proven management

SM Energy announces planned retirement of Chief Executive Officer Herbert S. Vogel and appointment of Elizabeth A. McDonald as President

September 8, 2025

(Oil & Gas 360) – DENVER, Sept. 8, 2025 /PRNewswire/ — SM Energy Company (“SM Energy” or the “Company”) (NYSE: SM) today announced that Chief Executive Officer Herbert S. Vogel has advised the Board of Directors of SM Energy (the “Board”) of his intention to retire as Chief Executive Officer on March 1, 2026, and that he has resigned as President of the

Exclusive: SM Energy at EnerCom Denver – The Energy Investment Conference 2025

August 27, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. SM Energy is an independent oil and gas exploration and production company with a long-standing, principled approach to doing business ethically and sustainably. sm-energy.com About EnerCom, Inc. Founded in 1994,

SM Energy appoints Beth McDonald as Executive Vice President and Chief Operating Officer

September 9, 2024

Oil and Gas 360 DENVER, Sept. 9, 2024 /PRNewswire/ — SM Energy Company (NYSE: SM) today announced that it has appointed Beth McDonald as its Executive Vice President and Chief Operating Officer, effective as of September 9, 2024. President and Chief Executive Officer Herb Vogel comments: “We are delighted to welcome Beth to our executive team. She is an experienced and

US oil and gas mergers continue at furious pace in Q2, says Enverus

July 30, 2024

U.S. News HOUSTON – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data released on Tuesday by energy researcher Enverus. Blockbuster mergers, such as ConocoPhillips’ $22.5 billion offer for Marathon Oil, remain a mainstay even as U.S. lawmakers call on regulators to

SM Energy announces highly accretive $2.0 billion Uinta Basin acquisition, 11% increase to fixed dividend and reloaded $500 million share repurchase program

June 27, 2024

Oil and Gas 360 DENVER, June 27, 2024 /PRNewswire/ — SM Energy Company (the “Company” or “SM Energy”) (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC (“XCL”), a private company backed by EnCap Investments L.P. (“EnCap”) and Rice Investment Group (“Rice”),

NOG announces joint acquisition with SM Energy; entering the Uinta Basin with the largest transaction in company history; highly accretive to key financial metrics

June 27, 2024

Oil and Gas 360 HIGHLIGHTS SM Energy Company (“SM”), with NOG as its non-operated partner, purchasing the Uinta Basin assets (the “XCL Assets”) of XCL Resources, LLC, an EnCap Portfolio Company, for a combined unadjusted purchase price of $2.55 billion in cash NOG to acquire a 20% undivided stake in the XCL Assets (the “Acquired Assets”) for $510.0 million in

SM Energy reports 2023 results and 2024 operating plan

February 22, 2024

Oil and Gas 360 DENVER, Feb. 21, 2024 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced certain fourth quarter and full year 2023 operating and financial results, year-end 2023 estimated net proved reserves and its 2024 operating plan. Highlights include: Excellent financial results and operational performance: Net income for the full year 2023 was $817.9 million, or $6.86 per diluted

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