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Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.
The historical rank and industry rank for SM Energy Co's Reserve Replacement Ratio % or its related term are showing as below:
The historical data trend for SM Energy Co's Reserve Replacement Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SM Energy Co Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
SM Energy CoQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
For the Oil & Gas E&P subindustry, SM Energy Co's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SM Energy Co (NYSE:SM) Reserve Replacement Ratio % Explanation
Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.
According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.
This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.
Thank you for viewing the detailed overview of SM Energy Co's Reserve Replacement Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Julio M Quintana | director | 3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043 |
Ramiro G Peru | director | WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260 |
Rose M Robeson | director | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Patrick A Lytle | officer: Controller and PAO | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Julie Gray | officer: Vice President Marketing | 1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203 |
Herbert S Vogel | officer: Sr VP Portf Dev & Tech Servs | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
James Barker Lebeck | officer: SVP & General Counsel | 1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203 |
David W Copeland | officer: EVP, GC & Corp. Sec. | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
David J. Whitcomb | officer: VP-Marketing | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Mary Ellen Lutey | officer: VP & Regional Manager | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Anita M. Powers | director | 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311 |
William D Sullivan | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Kenneth J. Knott | officer: VP- Land & Asst. Secretary | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Javan D Ottoson | officer: Executive VP & COO | ST. MARY LAND & EXPLORATION COMPANY, 1776 LINCOLN STREET, SUITE 700, DENVER CO 80203 |
Carla Jean Bailo | director | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
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