SM Energy to sell Webb County assets to Caturus Energy for $950 million
SM Energy agreed on February 17, 2026, to sell about 61,000 net acres and related assets in its southern Maverick Basin position in Webb County, Texas, to Caturus Energy for $950 million in cash, subject to customary adjustments. The company said it expects to use the proceeds mainly to reduce debt, and the deal is expected to close in the second quarter of 2026, subject to closing conditions including regulatory clearance and consents.
Key points
- Cash purchase price of $950 million, subject to customary purchase price adjustments; Caturus deposited seven and one-half percent of the unadjusted price into escrow.
- Assets include about 260 producing wells, with 2026 production expected at 37-39 MBoe/d and asset-level cash flows of about $160 million for the full year, excluding corporate burdens.
- Expected closing in the second quarter of 2026 with an effective date of February 1, 2026; closing depends on Hart-Scott-Rodino waiting period expiration and required consents.
- CEO Beth McDonald said the sale largely accomplishes a key priority of selling more than $1.0 billion in assets, and the company plans to share its updated return-of-capital program when it reports earnings next week.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.