SM Energy SM Capitalized Exploratory Well Costs
Capitalized Exploratory Well Costs at other companies
Other financials
Where this comes from
Reported directly by SM Energy in its filing.
Tagged under the XBRL concept us-gaap:CapitalizedExploratoryWellCosts.
The official record: SM Energy’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is SM Energy's capitalized exploratory well costs?
- SM Energy (SM) reported capitalized exploratory well costs of $22M in Q4 2025.
- How has SM Energy's capitalized exploratory well costs changed year-over-year?
- SM Energy's capitalized exploratory well costs decreased by 33.3% year-over-year, from $33M to $22M.
- What is the long-term trend for SM Energy's capitalized exploratory well costs?
- Over 5 years (2020 to 2025), SM Energy's capitalized exploratory well costs has grown at a 31.0% compound annual growth rate (CAGR), from $5.7M to $22M.
- What does capitalized exploratory well costs mean?
- This metric captures the costs associated with drilling exploratory wells that have been capitalized on the balance sheet while the company determines if the wells contain proved reserves. It represents a significant component of capital allocation toward future growth and reserve replacement. Investors monitor this to assess the company's success rate in exploration and the efficiency of its capital investment in finding new hydrocarbon resources.