The company is selling approximately 15,400 net acres in LaSalle and Dimmit counties in Texas.
SM Energy said that there is currently no production associated with three wells that have been drilled on this acreage due to limited infrastructure.
As of year-end 2010, there was an immaterial amount of proved reserves booked for this acreage.
The undisclosed buyers will also be entitled to about 12% of the takeaway capacity associated with SM Energy’s deal with Eagle Ford Gathering, a joint venture between Kinder Morgan Energy Partners and Copano Energy.
The sale of the Eagle Ford assets is expected to be closed in August 2011.
