{"schema_version":"secwatch.filing_event.v1","accession":"0000893538-24-000130","form_type":"8-K","ticker":"SM","cik":"0000893538","company_name":"SM Energy Co","filed_at":"2024-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.291675+00:00","generated_at":"2026-05-30T22:55:10.428044+00:00","sec_items":["1.01","2.01","9.01","2.03","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SM Energy closes $2.1B Uinta Basin acquisition of 80% interest in XCL Resources assets","bullets":["Net purchase price of $2.1B for 80% undivided interest; $1.9B cash paid at closing on Oct 1, 2024.","Acquisition adds ~63,300 net acres, 110 MMBoe proved reserves, and 86-87% oil content production.","Credit facility amended: commitments increased from $1.25B to $2.0B, maturity extended to Oct 2029.","Funding from $1.5B senior notes issued July 2024, plus cash on hand and credit facility borrowings.","Initial estimate of 465 net drilling locations normalized to 10,000-foot laterals with high well economics."],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-24-000130","json":"https://secwatch.observer/filing/0000893538-24-000130.json","markdown":"https://secwatch.observer/filing/0000893538-24-000130.md","text":"https://secwatch.observer/filing/0000893538-24-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353824000130/0000893538-24-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353824000130/sm-20241001.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:55:10.428044+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"812a3ab178ccd6653a07229b54a551c0f092a8d9","claim":"SM Energy Co completed an acquisition involving XCL AssetCo, LLC, XCL Marketing, LLC, Wasatch Water Logistics, LLC, XCL Resources LLC, XCL SandCo, LLC for Total cash consideration of approximately $2.4 billion was paid to the XCL Sellers at the closing (inclusive of the Company’s exercise of its option to acquire (closed 2024-10-01).","evidence_excerpt":"20% interest in the XCL Acquisition Agreement to NOG; and (ii) the Company, NOG and the XCL Sellers consummated the XCL Acquisition. Total cash consideration of approximately $2.4 billion was paid to the XCL Sellers at the closing (inclusive of the Company’s exercise of its option to acquire certain additional Uinta Basin assets of an adjacent operator), with","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/893538/000089353824000130/0000893538-24-000130-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"XCL AssetCo, LLC, XCL Marketing, LLC, Wasatch Water Logistics, LLC, XCL Resources LLC, XCL SandCo, LLC"},{"label":"Consideration","value":"Total cash consideration of approximately $2.4 billion was paid to the XCL Sellers at the closing (inclusive of the Company’s exercise of its option to acquire"},{"label":"Closing","value":"2024-10-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}