SM Energy and Civitas Detail Merger Plans and Target $1 Billion in Divestitures
SM Energy and Civitas Resources have detailed their merger plans, which include a combined Board of Directors with 11 members and Julio Quintana as Non-Executive Chairman. The merger aims to enhance subsurface development and achieve $70-$95 million in annual synergies. Additionally, the companies plan over $1 billion in divestitures within the first year to strengthen the balance sheet and boost stockholder returns.
SM Energy Company and Civitas Resources, Inc. have provided additional details regarding their planned merger. Upon closing, the combined Board of Directors will consist of 11 members, with six representatives from SM Energy and five from Civitas. Julio Quintana will serve as Non-Executive Chairman. The management team anticipates improved subsurface development and well performance by leveraging SM Energy’s geoscience capabilities across a larger asset base. The companies expect to achieve annual general and administrative synergies of $70-$95 million, representing 21%-28% of total category spend, through streamlined corporate structure and integration efforts. In addition, there is a target of more than $1 billion in planned divestitures within the first year following the transaction, aimed at strengthening the balance sheet and accelerating returns to stockholders. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SM Energy Company published the original content used to generate this news brief via PR Newswire (Ref. ID: LA26486) on November 17, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
