SM Energy Announces Divestiture Agreement Worth $950 Million

Key Takeaways SM Energy to sell South Texas assets for $950M in cash, with deal closure expected in 2Q26.SM plans to use proceeds to reduce debt and strengthen its balance sheet.Assets for sale include 61,000 net acres and 260 wells, with 2026 output expected to be 37-39 Mboe/d.SM Energy Company (SM) struck a deal to sell certain South Texas assets for $950 million in cash to Caturus Energy, LLC. The cash transaction, subject to customary closing adjustments, has an effective date of Feb. 1, 2026, and is ex ...