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Royalty Clerk

Operator report card · RRC P-5 788997

SM Energy Company report card

What the public record shows about SM Energy Company: 931 producing leases in 8 Texas counties, output down 14% on the year, 0 leases gained and 27 left in 24 months. Every line names its source.

All leases and productionCheck my statement
SM Energy CompanyUpdated Oct 2, 2026What is known, from whom. No grades.
  1. Producing leases931
    State recordin 8 counties, reported through Jul 2026
  2. Oil, last 12 months against the 12 before−14%
    State record33,439,023 bbl
  3. Leases gained and left, 24 months+0 / −27
    State recordtaken over from, or passed to, another operator
  4. Gas vented or flared, last 12 months0.4%
    State recordshare of gas disposed of by disposition code 4
  5. Oil price it told investors, Q2 2026−$0.61 vs Texas
    EIA and SEC$96.85 a barrel, whole company; Texas first purchase $97.46
  6. What owners' statements shownot enough owners yet
    Owner statementsshown when 5 or more owners agree

Scale and direction

How much SM Energy Company produces, and which way it is moving

Totals across every lease the Railroad Commission lists under this operator. A change in the total can be a change in the leases, so the next section shows the leases gained and left.
Oil from SM Energy Company, 12 months to 2026/07
35M202439M202533M2026

Barrels, all leases, each bar the 12 months ending in that year's latest month, whole lease.

  • Oil: 33,439,023 barrels in the 12 months to Jul 2026, −14.2% on the 12 months before.
  • Gas: 214,331,263 mcf, −2.1% on the year before.
  • Gas disposition: 0.4% of the gas it disposed of in the last 12 months was reported vented or flared.
  • Source: Railroad Commission of Texas, Production Data Query, file dated Sep 18, 2026. Open the source.

Leases gained and left

Leases SM Energy Company took over and passed on, last 24 months

A lease changes hands when the Railroad Commission's production reports switch from one operator to another. The lists show the biggest first; your statement's payor changes the month the reports do.

Gained (0)

None in the last 24 months.

Left (27)

  • Galvan RanchWebb County · District 01, lease 288443 · reported under another operator after Feb 2026
  • Galvan RanchWebb County · District 01, lease 288273 · reported under another operator after Feb 2026
  • Galvan RanchWebb County · District 01, lease 279364 · reported under another operator after Feb 2026
  • Galvan RanchWebb County · District 01, lease 281291 · reported under another operator after Feb 2026
  • Galvan RanchWebb County · District 01, lease 281400 · reported under another operator after Feb 2026
  • Galvan RanchWebb County · District 01, lease 280689 · reported under another operator after Feb 2026

Do your checks come from a different company than they did? See who took over whose leases, or read what the codes on a stub mean.

Who buys and moves its production

The companies that gather and buy SM Energy Company's oil and gas

Energy Transfer Company is listed on 860 of 931 producing leases. Your royalty is figured on what the lease sold, whoever pays you.
Current gatherers and purchasers on SM Energy Company's producing leases
CompanyRoleLeasesof 931Shareof its leases
Energy Transfer CompanyGatherer, Purchaser86092%
Eagle Ford Gathering LLCGatherer57562%
Kinder Morgan Texas Pipeline LLCGatherer, Purchaser57562%
Regency Texas Pipeline LLCGatherer56461%
Plains Marketing, L.p.Gatherer35638%
Shell Trading (Us) CompanyGatherer35038%
Harvest Marketing & Trading, LLCGatherer33136%
Plains Pipeline L.p.Gatherer21924%

Railroad Commission P-4 filings, the newest one listing gatherers and purchasers for each lease. A lease can list more than one company.

Who buys my oil and gas? takes your own lease.

What it told investors

The oil price SM Energy Company reported, next to the Texas price

Realized prices from the company's own SEC filings, across its whole portfolio or the region named, beside the EIA's first purchase price of Texas crude for the same three months. It is context for your check, not a price on your lease.
SM Energy Company: realized oil price by quarter against the Texas first purchase price
QuarterOil, $ a barrelcompanyTexas first purchase3-month averageGap
Q2 2026 (10-Q)$96.85$97.46−$0.61
Q1 2026 (10-Q)$73.69$70.79+$2.90
Q4 2025 (10-Q)$58.17$58.21−$0.04
Q3 2025 (10-Q)n/a$64.47n/a
Q2 2025 (10-Q)$62.04$63.13−$1.09
Q1 2025 (10-Q)$70.56$70.97−$0.41

Prices exclude the effect of hedges. Sources: SEC filings, linked on each quarter, and EIA.

Drilling activity

Wells SM Energy Company has permitted

75 drilling permits in the last 12 months, 74 of them horizontal. The newest was issued Sep 22, 2026. A permit is a plan to drill, not proof of a well or of anyone's ownership.

Recent drilling permits for SM Energy Company

Railroad Commission drilling permits.

What owners' statements show

Statements from SM Energy Company owners

Owners upload SM Energy Company statements to Royalty Clerk, and a figure is published only when 5 or more different owners are behind it. There are not enough yet.

Be one of the five

Upload a SM Energy Company statement and it counts, without your name, toward this comparison once enough owners have done the same. Your check is free, and you can opt out in one click.

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FAQ

Questions people ask

What is on the SM Energy Company report card?

the scale and direction of its output, leases it gained and left, who buys and moves its production, the prices it told investors and its drilling permits. Each line says where it comes from: Railroad Commission records, SEC filings, or statements uploaded by owners, and there is no grade or rank.

When does SM Energy Company have to pay my royalties?

The first payment is due 120 days after the end of the month of first sale from the well. After that, payment follows your lease or written agreement, and if that is silent, no later than 60 days after the end of the month for oil and 90 days for gas (Natural Resources Code section 91.402).

Where do the owner figures come from?

From statements owners uploaded to Royalty Clerk. A figure appears only when 5 or more different owners are behind it, each owner counts once, and we show a middle value and the middle half, never one owner's line. Owners can opt out and the figures are rebuilt without them.

How the comparison is built

My check from SM Energy Company looks low. What do I do?

Upload the stub or a photo. We compare each line with the state's numbers for your lease and the Texas first purchase price for the month, and tell you what to ask SM Energy Company.

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Related

Keep going

Get checks from SM Energy Company?

Upload a stub or a phone photo. We compare every month with the state numbers for the lease and tell you what to ask.

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Sources

Primary sources, opened on 29 September 2026. Statute text is the current version on statutes.capitol.texas.gov.