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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM T-1

STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)



U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota

(Address of principal executive offices)
  55402
(Zip Code)

Sandra Richelmy
U.S. Bank National Association
950 17th Street, 12th floor
Denver, CO 80202
303-585-4593
(Name, address and telephone number of agent for service)

SM Energy Company
(Issuer with respect to the Securities)

Delaware
(State or other jurisdiction of
incorporation or organization)
  41-0518430
(I.R.S. Employer
Identification No.)

1775 Sherman Street Ste 1200
Denver, CO

(Address of Principal Executive Offices)

 

80203
(Zip Code)

(Title of the Indenture Securities) SM Energy Company 65/8% Senior Notes due 2019



FORM T-1

Item 1.    GENERAL INFORMATION.    Furnish the following information as to the Trustee.

Item 2.    AFFILIATIONS WITH OBLIGOR.    If the obligor is an affiliate of the Trustee, describe each such affiliation.

        None

Items 3-15    Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.    LIST OF EXHIBITS:    List below all exhibits filed as a part of this statement of eligibility and qualification.


*
Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

2.
A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

3.
A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

4.
A copy of the existing bylaws of the Trustee.**

**
Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.

5.
A copy of each Indenture referred to in Item 4. Not applicable.

6.
The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7.
Report of Condition of the Trustee as of September 30, 2011 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

2



SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Denver, State of Colorado on the 15th of November, 2011.

    By:   /s/ Sandra Richelmy

Sandra Richelmy
Assistant Vice President

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Exhibit 2

4



Exhibit 3

5



Exhibit 6

CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: November 15, 2011

    By:   /s/ Sandra Richelmy

Sandra Richelmy
Assistant Vice President

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
1. As of 9/30/2011

($000's)

 
  9/30/2011  

Assets

       
 

Cash and Balances Due From Depository Institutions

  $ 13,707,494  
 

Securities

    66,888,393  
 

Federal Funds

    5,954  
 

Loans & Lease Financing Receivables

    197,036,739  
 

Fixed Assets

    5,547,055  
 

Intangible Assets

    12,420,133  
 

Other Assets

    23,843,503  
       
 

Total Assets

  $ 319,449,271  

Liabilities

       
 

Deposits

  $ 226,338,015  
 

Fed Funds

    7,802,656  
 

Treasury Demand Notes

    0  
 

Trading Liabilities

    545,669  
 

Other Borrowed Money

    35,170,032  
 

Acceptances

    0  
 

Subordinated Notes and Debentures

    6,179,246  
 

Other Liabilities

    9,493,484  
       
 

Total Liabilities

  $ 285,529,102  

Equity

       
 

Minority Interest in Subsidiaries

  $ 1,912,544  
 

Common and Preferred Stock

    18,200  
 

Surplus

    14,136,872  
 

Undivided Profits

    17,852,553  
       
   

Total Equity Capital

  $ 33,920,169  

Total Liabilities and Equity Capital

 
$

319,449,271
 

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FORM T-1
SIGNATURE
Exhibit 2
Exhibit 3
Exhibit 6 CONSENT
Exhibit 7 U.S. Bank National Association Statement of Financial Condition 1. As of 9/30/2011 ($000's)