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SM ENERGY ANNOUNCES CLOSING OF POWDER RIVER BASIN ASSET SALE AND PROVIDES ADDITIONAL UPDATES

SM Energy Company (the “Company”) (NYSE: SM) today announced that it completed the previously announced sale of the majority of its assets in the Powder River Basin for $500 million ($491.5 million net cash proceeds, subject to final purchase price adjustments). Assets sold include approximately 112,200 predominantly contiguous net acres with average December 2017 net production of approximately 2,200 Boe per day (51% oil, 18% NGLs and 31% natural gas). The buyer is Northwoods Operating LLC, a portfolio company

SM ENERGY ANNOUNCES AGREEMENTS TO SELL ADDITIONAL NON-CORE ASSETS FOR $292 MILLION, CORING UP AND BRINGING DOWN NET DEBT

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into two definitive agreements, one for the sale of the Company’s remaining assets in the Williston Basin located in Divide County, North Dakota, and one for the sale of its third-party operated assets known as Halff East located in Upton County, Texas for combined proceeds of $292.3 million (subject to certain agreed upon closing price adjustments). The

SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into a definitive agreement for the sale of a majority of the Company’s Powder River Basin assets for a cash purchase price of $500 million (subject to customary closing price adjustments). President and Chief Executive Officer Jay Ottoson comments: “We are very pleased to announce the signing of this agreement. Divestiture of these assets is consistent with our strategy of focusing on development