SM Energy (NYSE: SM) now operates in four areas after its January 30, 2026 merger with Civitas Resources: the Permian Basin of West Texas and New Mexico, the DJ Basin of Colorado, the Uinta Basin of Utah, and South Texas. Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners. Closings typically take 30–45 days, subject to title review and clearance.
Ticker: NYSE: SM
HQ: Denver, Colorado
Operating areas: Permian, DJ, Uinta, South Texas
Transactions: XCL Uinta assets (2024 acquisition), Civitas Resources (2026 merger)
Formerly: St. Mary Land & Exploration (renamed 2010)
TL;DR Buckhead Energy buys mineral and royalty interests operated by SM Energy, including former Civitas and XCL acreage. Buckhead provides a free written offer. Because Buckhead is the buyer (not a broker or intermediary), there is no broker commission taken out of your sale.
SM Energy has changed shape twice since 2024. Here is what that means for owners.
Owners on former Civitas (Colorado, Texas, New Mexico) or XCL (Utah) acreage now have SM Energy as operator. The name on your check and division order may change, and your acreage now competes for capital across a larger company.
SM Energy now develops the Permian, DJ, Uinta, and South Texas areas from one capital budget, so where your tract ranks against all four matters more than it did before the mergers.
SM Energy set a target of at least $1 billion in divestitures within a year of the Civitas merger, and sold about 61,000 net acres in Webb County, Texas, on April 30, 2026. Owners in any acreage that is sold get another new operator.
Acreage and formations are as SM Energy reports them for June 30, 2026. County lists come from Buckhead Energy analysis of public oil and gas data on wells listed under SM Energy or the companies it acquired.
About 233,000 net acres. In the Midland Basin, SM's own RockStar assets sit in Howard and Martin counties and its Sweetie Peck assets in Upton and Midland counties; the Civitas merger added Glasscock and Reagan county acreage. Development targets are the Spraberry, Wolfcamp, and Woodford. The Delaware Basin position, mainly in Lea and Eddy counties, New Mexico, came from Civitas and targets the Avalon, Bone Spring, and Wolfcamp.
About 301,000 net acres, located primarily in northeastern Colorado, from the Civitas merger, with development in the Niobrara and Codell formations. Many of these wells are still listed under Bonanza Creek Energy Operating Company, Extraction Oil & Gas, or Crestone Peak Resources Operating. See selling former Civitas mineral rights.
About 99,000 net acres in northeastern Utah, built on the October 1, 2024 purchase of an 80 percent interest in the XCL Resources assets. Development targets are the Lower Green River and Wasatch formations. In Buckhead Energy analysis of public oil and gas data, most of SM's Uinta wells are in Duchesne County, with fewer in Uintah County. See the Uinta Basin guide.
About 95,000 net acres in Dimmit and Webb counties after the April 30, 2026 sale of about 61,000 net acres in southern Webb County to Caturus Energy. SM reports development of the Austin Chalk across acreage that overlaps the western Eagle Ford.
Buckhead evaluates interests using production data, geological analysis, and current market conditions.
Midland Basin tracts can have exposure to several Spraberry and Wolfcamp benches; DJ Basin tracts to the Niobrara and Codell; Uinta tracts to the Lower Green River and Wasatch.
With capital split across four areas, production on and around your tract says more about near-term royalties than company-wide inventory figures.
Uinta waxy crude, Rockies gas, and Permian barrels price differently, which changes the value of the same volume in different basins.
Your decimal interest, royalty fraction, and whether the lease is held by production.
Buckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states.
Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Because Buckhead is the buyer (not a broker or intermediary), there is no broker commission taken out of your sale.
Buckhead buys both producing and non-producing interests, whole or fractional.
Buckhead Energy has been buying mineral and royalty interests since 2006.
Buckhead Energy holds an A+ rating with the Better Business Bureau.
Complete the form below or call (817) 778-9532. Include the county and state and any lease, check stub, or division order; a stub showing Civitas, XCL, or a predecessor name is fine.
Buckhead Energy typically provides an offer within 24–48 hours.
Buckhead pays the title and closing costs (title research, curative, document preparation, and recording). A seller's own taxes, or advisors the seller separately retains, are not part of Buckhead's closing costs.
Closings typically take 30–45 days, subject to title review and clearance. Buckhead pays the full purchase price in cash, with no financing contingency. Payment is typically made by check after the deed is recorded. Timing varies with title review and county recording, and we keep you updated along the way.
Buckhead provides a free written offer. Buckhead evaluates interests using production data, geological analysis, and current market conditions. Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners. Submit the form below or call (817) 778-9532 to get started.
SM Energy reports four operating areas: the Permian Basin (Midland Basin in West Texas and Delaware Basin in southeastern New Mexico), the DJ Basin of northeastern Colorado, South Texas (Dimmit and Webb counties), and the Uinta Basin of northeastern Utah. The Delaware Basin and DJ Basin positions came from its January 30, 2026 merger with Civitas Resources.
Yes. SM Energy completed an all-stock merger with Civitas Resources on January 30, 2026, and Civitas shares stopped trading. In general, a merger changes the company that operates and pays on your wells, not who owns the minerals. How it affects a particular lease depends on that lease's terms and on state law, so review your lease and consult a qualified oil and gas attorney about your situation.
On October 1, 2024, SM Energy acquired an undivided 80 percent interest in the Uinta Basin oil and gas assets of XCL Resources and certain adjacent Altamont assets in northeastern Utah. If your minerals were operated by XCL, SM Energy now holds the majority working interest; in Buckhead Energy analysis of public oil and gas data, many of those wells are still listed under XCL AssetCo LLC.
Part of them. On April 30, 2026, SM Energy sold about 61,000 net acres in its southern Maverick Basin position in Webb County, Texas, to Caturus Energy. It reports keeping about 95,000 net acres in Dimmit and Webb counties, with development opportunities in the Austin Chalk. If your minerals were in the sold acreage, your operator has changed.
Closings typically take 30–45 days, subject to title review and clearance. Buckhead pays the full purchase price in cash, with no financing contingency. Payment is typically made by check after the deed is recorded. Timing varies with title review and county recording, and we keep you updated along the way.
Buckhead provides a free written offer. Our offer comes at no cost and no obligation. Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners.
Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead provides a free written offer. Buckhead Energy holds an A+ rating with the Better Business Bureau.
Disclaimer: Buckhead Energy is not affiliated with or endorsed by SM Energy Company or Civitas Resources. Company details below come from the cited filings; operating areas can change. This page is for informational purposes only and was last reviewed October 23, 2026.
Buckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states. Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead Energy has been buying mineral and royalty interests since 2006. Buckhead Energy holds an A+ rating with the Better Business Bureau.
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