According to a Caturus statement, the acquisition includes approximately 60,000 high‑quality net acres in South Texas and ~250 MMcfe/d of production from 260 producing wells (as of December 2025), with total proforma net production of ~950 MMcfe/d at the time of closing.
SM Energy said in a separate statement that it will sell the assets for a cash purchase price of $950 million.
Caturus, Kimmeridge’s LNG and gas unit in which UAE’s Mubadala has a 24.1 percent stake, said it continues its growth trajectory towards becoming one of the largest independent natural gas producers in the United States.
With Caturus’ acquisition of the Galvan Ranch assets, the company will hold more than 275,000 net acres across the Gulf Coast, and more than 15 years of premium inventory sitting at the front end of the North American cost curve, the firm said.
The combination of these assets, along with Caturus’ recent entry into the Haynesville through a development agreement with Black Stone Minerals, makes the company uniquely positioned to deliver low‑nitrogen natural gas to key LNG hubs at Gillis and Agua Dulce, it said.
The Galvan Ranch transaction is expected to close in the second quartr of 2026, subject to customary conditions and regulatory approvals.
Caturus noted that today’s announcement follows continued progress at Commonwealth LNG, Caturus’ wholly owned 9.5 ttpa export facility near Cameron, Louisiana.
Commonwealth, as previously announced, has collectively executed 7 Mtpa of long-term natural gas offtake agreements with Mercuria, Aramco Trading, Glencore, Jera, Petronas, and EQT.
The company noted that it has issued a limited notice to proceed to its EPC partner, Technip Energies, as the Commonwealth project progresses toward final investment decision in the first quarter of 2026.
