One-Page Deal Sheet
SM Energy Sells Non-Op Eagle Ford for $800 Million
Calculated Metrics( EV/Category)
Transaction Details:
SM Energy has agreed to sell its non-operated Eagle Ford position to KKR backed, Venado Oil & Gas for $800 million including its related midstream asset ownership.
The Asset
Land : 37,500 Net Acres
Production : 27,260 boe/d (33% oil, 62% liquids)
1P Reserves : 65 MMBOE
Core County : Atascosa, Frio
Other Counties : La Salle *
$Price/Acre : 21,333 (unadjusted)
The assets expected to be sold include approximately 37,500 net acres in the Maverick Basin /Eagle Ford area of south Texas and a 12.5% interest in the Springfield Gathering System. As of year-end 2015, net proved reserves associated with these assets were 65 MMBoe (38% oil, 31% natural gas and 31% NGLs).
In the third quarter of 2016, these assets produced approximately 27,260 net Boe per day (33% oil, 33% natural gas and 34% NGLs.)
The transaction is expected to close in the first quarter of 2017.
Scotia Waterous served as the Company's financial advisor in this transaction.
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-18-2026 |
-  |
- |
Click here | Texas | E&P |
| Jan-08-2026 |
- |
- |
Click here | Texas | E&P |
| Dec-05-2024 |
- |
- |
Click here | Texas | E&P |
| May-16-2024 |
- |
- |
Click here | Texas | E&P |
| Nov-03-2022 |
- |
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Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| 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 | - |
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