Nov 3 (Reuters) -

SM Energy ( SM ) and Civitas Resources ( CIVI ):

* SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8

BILLION

TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER

VALUE

* CIVITAS RESOURCES ( CIVI ): IDENTIFIED AND ACHIEVABLE ANNUAL

SYNERGIES

TOTALING $200 MILLION, WITH UPSIDE POTENTIAL TO $300 MILLION

* CIVITAS RESOURCES INC ( CIVI ) - HERB VOGEL WILL SERVE AS CHIEF

EXECUTIVE

OFFICER OF COMBINED COMPANY

* CIVITAS RESOURCES INC ( CIVI ): EACH COMMON SHARE OF CIVITAS WILL

BE

EXCHANGED FOR 1.45 SHARES OF SM ENERGY COMMON STOCK

* CIVITAS RESOURCES INC ( CIVI ) - COMBINATION IS EXPECTED TO BE

IMMEDIATELY ACCRETIVE TO KEY PER SHARE FINANCIAL METRICS

Source text:

Further company coverage: