SM Energy Company functions as an independent energy producer, primarily engaged in the exploration, development, and extraction of crude oil, natural gas, and natural gas liquids (NGLs) within Texas. As of February 24, 2022, its asset portfolio included an estimated 492.0 million barrels of oil equivalent (BOE) in proved reserves. Furthermore, the company holds working interests in a combined 825 active oil wells and 483 active natural gas wells situated across the Midland Basin and South Texas regions.