SM Energy

SM Energy is an independent exploration and production company focused on developing high-return U.S. onshore oil and gas assets. The company’s portfolio is primarily centered on the Midland Basin in West Texas and the Maverick Basin in South Texas. In February 2026, SM Energy announced the sale of its South Texas Galvan Ranch assets to Caturus Energy for $950 million, further concentrating its capital allocation and operational focus on its core Permian position. They are active in Eagle Ford, Haynesville, Permian, and Williston. They are active in Eagle Ford, Haynesville, Permian, and Williston.