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What is the AFE process?

Authorization for Expenditure (AFE) An AFE is a budgeting and approval form used during the planning process for a well about to be drilled (and for other projects). It includes an estimate of costs to be incurred during the IDC (intangible drilling cost) category and in the tangible equipment category.

What is AFE report?

The Cost Estimate and Authorization for Expenditure (AFE) report is define estimated costs of activities taking place during an Event. These estimates can later be compared to actual costs. This report is typically completed in the office by a Well Planning team, rather than in the field.

What is the purpose of AFE?

AFE hardware modules are used as interface sensors for many kinds of analog and digital systems, providing hardware modularity.

What is an authorization for expenditure?

Authorizations For Expenditure (AFEs) are typically raised by companies to provide a draw down against the broader capital budgets in relation to specific projects and account for the budget, projected field costs and actual costs based on a standard chart of accounts which depends on the type of project.

What is an AFE in real estate?

$AFE is a dual factor authentication platform, where consumers can securely exchange information with their real estate agent.

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