Common use of SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE Clause in Contracts

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: SM Energy Company ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1200 Denver, Colorado 80203 Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Chief Financial Officer U.S. Bank National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Facsimile: [ ] Attention: [ ] Re: 6½% Senior Notes due 2023 Reference is hereby made to the Indenture, dated as of June 29, 2012 (the “Indenture”) among SM Energy Company, a Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: SM Energy Company ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1200 Denver, Colorado 80203 Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Chief Financial Officer U.S. Bank National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Facsimile: [ ] Attention: [ ] Re: 6½% Senior Notes due 2023 2021 Reference is hereby made to the Indenture, dated as of June 29November 8, 2012 2011 (the “Indenture”) among SM Energy Company, a Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: SM Energy Company ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1200 Denver, Colorado 80203 Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Chief Financial Officer U.S. Bank National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Facsimile: [ ] Attention: [ ] Re: 6½% 5% Senior Notes due 2023 2024 Reference is hereby made to the Indenture, dated as of June 29May 20, 2012 2013 (the “Indenture”) among SM Energy Company, a Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: SM Energy Company ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1200 Denver, Colorado 80203 Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Chief Financial Officer U.S. Bank National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Facsimile: [ ] (▇▇▇) ▇▇▇-▇▇▇▇ Attention: [ ] Global Corporate Trust Services Re: 6½% 6.125% Senior Notes due 2023 2022 Reference is hereby made to the Indenture, dated as of June 29November 17, 2012 2014 (the “Indenture”) among SM Energy Company, a Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: