SM Energy to sell some Texas assets to Caturus for $950 mln; shares up
ReutersFeb 18, 2026 1:21 PM
Shares of oil and gas firm SM Energy SM.N rise 1.2% to $21.92 premarket
Co says it will sell select assets in South Texas to Caturus Energy for $950 million in cash
SM agrees to sell nearly 61,000 net acres and about 260 producing wells in its southern Maverick Basin position in Webb County, Texas, along with related support facilities
Deal expected to close in the second quarter with an effective date of February 1, 2026
In 2025, SM stock fell 51.75%
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