SM Energy to divest Galvan Ranch assets to Caturus for $950m

SM Energy has agreed to divest its Galvan Ranch assets in South Texas, US, to Caturus Energy in an all-cash deal worth $950m. The deal encompasses roughly 61,000 net acres in Webb County and nearly 260 operational wells along with associated support facilities. The assets are projected to yield an average of 37,000–39,000 barrels of oil equivalent per day in the current year, resulting in nearly $160m in cash flow, excluding corporate expenses. As of December 2025, net proved reserves tied to these ass ...