APA Corporation APA Capitalized Exploratory Well Costs
Capitalized Exploratory Well Costs at other companies
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Reported directly by APA Corporation in its filing.
Tagged under the XBRL concept us-gaap:CapitalizedExploratoryWellCosts.
The source filing: APA Corporation’s 10-Q, filed May 7, 2026.
- Filed
- May 7, 2026, 2:29 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001841666-26-000034
The Company’s capitalized exploratory well costs were $344 million and $338 million as of March 31, 2026 and December 31, 2025, respectively. The increase is attributable to additional drilling activity partially offset by successful transfer of well costs in Egypt. No suspended exploratory well costs previously capitalized for greater than one year at December 31, 2025 were charged to dry hole expense during the first quarter of 2026. Similarly, during the first quarter of 2025, no such costs were charged to dry hole expense.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is APA Corporation's capitalized exploratory well costs?
- APA Corporation (APA) reported capitalized exploratory well costs of $344M in Q1 2026.
- How has APA Corporation's capitalized exploratory well costs changed year-over-year?
- APA Corporation's capitalized exploratory well costs increased by 21.6% year-over-year, from $283M to $344M.
- What is the long-term trend for APA Corporation's capitalized exploratory well costs?
- Over 5 years (2020 to 2025), APA Corporation's capitalized exploratory well costs has grown at a 12.9% compound annual growth rate (CAGR), from $184M to $338M.
- What does capitalized exploratory well costs mean?
- Costs incurred for drilling exploratory wells that are currently capitalized on the balance sheet while the company evaluates whether the wells have discovered proved oil and gas reserves. If the wells are deemed unsuccessful, these costs are typically written off.
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