1 Min Read
Oct 18 (Reuters) - SM Energy Co said on Tuesday it would buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc .
SM said the Texas purchase - from QStar LLC, a portfolio company of EnCap Investments LP and a related entity - would expand its footprint in the Permian Basin to about 82,450 net acres.
SM Energy said in August it would buy 24,783 net acres in Howard County for about $980 million. (Reporting by Arathy S Nair in Bengaluru; Editing by Ted Kerr)