<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="../4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0303</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2011-03-04</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0000893538</issuerCik>        <issuerName>SM Energy Co</issuerName>        <issuerTradingSymbol>SM</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001442995</rptOwnerCik>            <rptOwnerName>Zubieta Dennis A.</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>1775 SHERMAN STREET</rptOwnerStreet1>            <rptOwnerStreet2>SUITE 1200</rptOwnerStreet2>            <rptOwnerCity>DENVER</rptOwnerCity>            <rptOwnerState>CO</rptOwnerState>            <rptOwnerZipCode>80203</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>0</isDirector>            <isOfficer>1</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>0</isOther>            <officerTitle>VP-Engineering &amp; Evaluation</officerTitle>            <otherText></otherText>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-04</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>2300</value>                </transactionShares>                <transactionPricePerShare>                    <value>11.95</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>16388</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-04</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>2300</value>                </transactionShares>                <transactionPricePerShare>                    <value>73.05</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>14088</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>888</value>                </transactionShares>                <transactionPricePerShare>                    <value>11.95</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>14976</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3186</value>                </transactionShares>                <transactionPricePerShare>                    <value>12.525</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>18162</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3188</value>                </transactionShares>                <transactionPricePerShare>                    <value>12.5</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>21350</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock; $.01 Par Value</value>            </securityTitle>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>7262</value>                </transactionShares>                <transactionPricePerShare>                    <value>73.05</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>14088</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <derivativeTable>        <derivativeTransaction>            <securityTitle>                <value>Stock Option (Right to Buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>11.95</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2011-03-04</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>2300</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <footnoteId id="F1"/>            </exerciseDate>            <expirationDate>                <value>2012-09-30</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>2300</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>888</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>        <derivativeTransaction>            <securityTitle>                <value>Stock Option (Right to Buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>11.95</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>888</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <footnoteId id="F1"/>            </exerciseDate>            <expirationDate>                <value>2012-09-30</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>888</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>0</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>        <derivativeTransaction>            <securityTitle>                <value>Stock Option (Right to Buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>12.525</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3186</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <footnoteId id="F2"/>            </exerciseDate>            <expirationDate>                <value>2013-03-31</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>3186</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>0</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>        <derivativeTransaction>            <securityTitle>                <value>Stock Option (Right to Buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>12.50</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2011-03-07</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3188</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <footnoteId id="F3"/>            </exerciseDate>            <expirationDate>                <value>2012-12-31</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>3188</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>0</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>    </derivativeTable>    <footnotes>        <footnote id="F1">The stock option vested in four equal installments on September 30, 2002, 2003, 2004 and 2005.</footnote>        <footnote id="F2">The stock option vested as follows: 797 shares on March 31, 2003, 797 shares on September 30, 2003, and 796 shares on September 30, 2004 and 2005.</footnote>        <footnote id="F3">The stock option vested as follows: 797 shares on December 31, 2002, 797 shares on September 30, 2003, 2004 and 2005.</footnote>    </footnotes>    <remarks></remarks>    <ownerSignature>        <signatureName>Karin M. Writer (Attorney-In-Fact)</signatureName>        <signatureDate>2011-03-08</signatureDate>    </ownerSignature></ownershipDocument>