SM Energy Announces Exchange Offer for $350 Million of Its 6 5/8% Senior Notes

SM Energy Company (NYSE: SM) today announces that it commenced an offer to exchange $350 million of its 6 5/8% Senior Notes due 2019, which have been registered under the Securities Act of 1933 (the "Exchange Notes") in exchange for $350 million of its outstanding 6 5/8% Senior Secured Notes due 2019, which were issued on February 7, 2011, in a private placement (the "Outstanding Notes"). The Exchange Notes are being offered pursuant to a registration rights agreement previously entered into in connection with the issuance of the Outstanding Notes. The exchange offer is being conducted upon the terms and subject to the conditions set forth in the prospectus dated December 12, 2011, and the related letter of transmittal.