One-Page Deal Sheet
SM Energy Sells Eagle Ford Asset for $950 Million
Caturus Energy, LLC SM Energy Company
Announced Date
February 18,2026
Transaction Type
Asset
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Caturus Energy LLC — the joint venture formed by Kimmeridge Energy Management and Mubadala Investment Company — entered into a definitive agreement with SM Energy Company (NYSE: SM) to acquire SM Energy's Galvan Ranch assets in South Texas for $950 million in cash, subject to customary adjustments. The acquisition encompasses approximately 61,000 net acres and approximately 260 producing wells in SM Energy's southern Maverick Basin position in Webb County, Texas, along with related support facilities.
SM Energy describes the production mix as 45% liquids with 9% oil for expected 2026 average…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-08-2026 |
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Click here | Texas | E&P |
| Dec-05-2024 |
- |
- |
Click here | Texas | E&P |
| May-16-2024 |
- |
- |
Click here | Texas | E&P |
| Nov-03-2022 |
- |
- |
Click here | Texas | E&P |
| Jul-09-2021 |
- |
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Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |
| Dec-05-2024 | Crescent Energy Acquires Eagle Ford Assets from Ridgemar Energy for Up to $1.075 Billion | - |
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