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SM Energy SM Unproved oil and gas properties, valuation allowance
Unproved oil and gas properties, valuation allowance at other companies
Other financials
Where this comes from
Reported directly by SM Energy in its filing.
Tagged under the XBRL concept sm:UnprovedOilAndGasPropertiesValuationAllowance.
The source filing: SM Energy’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 8:55 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000893538-26-000121
| Line item | June 30,2026 | December 31,2025 |
|---|---|---|
| Property and equipment (successful efforts method): | ||
| Proved oil and gas properties | 23,214 | 16,012 |
| Accumulated depletion, depreciation, and amortization | (8,466) | (8,793) |
| Unproved oil and gas properties, net of valuation allowance of $12 and $12, respectively | 860 | 460 |
| Wells in progress | 809 | 458 |
| Other property and equipment, net of accumulated depreciation of $67 and $63, respectively | 131 | 65 |
| Total property and equipment, net | 16,548 | 8,202 |
| Noncurrent assets: |
Item 1. Financial Statements (unaudited)
FAQ
- What is SM Energy's unproved oil and gas properties, valuation allowance?
- SM Energy (SM) reported unproved oil and gas properties, valuation allowance of $12M in Q2 2026.
- How has SM Energy's unproved oil and gas properties, valuation allowance changed year-over-year?
- SM Energy's unproved oil and gas properties, valuation allowance decreased by 55.0% year-over-year, from $26.68M to $12M.
- What is the long-term trend for SM Energy's unproved oil and gas properties, valuation allowance?
- Over 4 years (2021 to 2025), SM Energy's unproved oil and gas properties, valuation allowance has grown at a -23.4% compound annual growth rate (CAGR), from $34.93M to $12M.
- What does unproved oil and gas properties, valuation allowance mean?
- This represents the valuation allowance or impairment reserve established against unproved oil and gas properties that may not be fully recoverable. It reflects management's assessment of the risk associated with exploration acreage that has not yet yielded proven reserves. An increasing allowance suggests potential impairment risks or lower confidence in the economic viability of specific leaseholds.
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