SM Energy acquires Uinta Basin assets for $2.55B; NOG takes 20% stake

SM Energy Co

Acquisition of Uinta Basin assets for $2.55B cash; SM's share $2.04B (80%), NOG's $510M (20%).
Financing commitments from JPMorgan, BofA, Wells for up to $1.2B in bridge loans and credit backstop.
Cooperation Agreement with NOG outlines joint acquisition terms, including 20% undivided interest and cost sharing.
Closing subject to customary conditions; 5% deposit ($127.5M) placed in escrow, allocated 80/20 between SM and NOG.
Acquisition includes leases, wells, rights-of-way, sand mine, and SWD system in Uinta Basin.

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