This form is used to document the estimated total costs for tangibles and intangibles as it relates to the exploration and/or development of oil, gas, and minerals work project. It also provides formal approval for the act or process of paying out or disbursement.
Nebraska Cost Estimate and Authorization For Expenditure (AFE) is a financial document commonly used in the oil and gas industry to project costs and seek approval for various operations and projects. The AFE serves as a comprehensive, detailed estimation of the anticipated expenses associated with a specific operation or project in Nebraska. Keywords: Nebraska AFE, cost estimate, authorization for expenditure, oil and gas industry, financial document, expenses, operations, projects. Types of Nebraska Cost Estimate and Authorization For Expenditure — AFE: 1. Exploration AFE: This type of AFE is used when estimating costs related to exploration activities in the state of Nebraska. It includes expenses related to geological and geophysical surveys, drilling operations, well testing, and well completion. 2. Drilling AFE: A drilling AFE focuses solely on the costs associated with drilling new wells in Nebraska, including the purchase or rental of drilling equipment, mud systems, casing, bit costs, cementing operations, and any additional services required during the drilling process. 3. Production AFE: Once a well is successfully drilled, a production AFE is used to estimate the costs required to bring the well into production. This may include expenses associated with well stimulation, production facilities, flow lines, tanks, metering equipment, and safety measures. 4. Work over AFE: This AFE is specific to operations involving the maintenance, repair, or intervention on an existing well in Nebraska. It outlines the costs associated with remedial actions, well treatments, work over rigs, tubing, valves, and other well-related equipment required to restore or enhance production. 5. Facilities AFE: Facilities Ages cover the costs associated with constructing or upgrading production facilities in Nebraska. It includes expenses related to pipelines, compression stations, separators, treating facilities, storage tanks, and other necessary infrastructure to handle the produced hydrocarbons. 6. Abandonment AFE: When a well reaches the end of its productive life, an abandonment AFE is created to estimate the costs involved in properly plugging and abandoning the well. This involves cementing operations, removing equipment, restoring the site, and any required environmental assessments and reports. In conclusion, Nebraska Cost Estimate and Authorization For Expenditure (AFE) is a crucial tool in the oil and gas industry for estimating and seeking approval for project-related expenses. It encompasses various types of Ages tailored to specific operations, such as exploration, drilling, production, work overs, facilities, and abandonment.Nebraska Cost Estimate and Authorization For Expenditure (AFE) is a financial document commonly used in the oil and gas industry to project costs and seek approval for various operations and projects. The AFE serves as a comprehensive, detailed estimation of the anticipated expenses associated with a specific operation or project in Nebraska. Keywords: Nebraska AFE, cost estimate, authorization for expenditure, oil and gas industry, financial document, expenses, operations, projects. Types of Nebraska Cost Estimate and Authorization For Expenditure — AFE: 1. Exploration AFE: This type of AFE is used when estimating costs related to exploration activities in the state of Nebraska. It includes expenses related to geological and geophysical surveys, drilling operations, well testing, and well completion. 2. Drilling AFE: A drilling AFE focuses solely on the costs associated with drilling new wells in Nebraska, including the purchase or rental of drilling equipment, mud systems, casing, bit costs, cementing operations, and any additional services required during the drilling process. 3. Production AFE: Once a well is successfully drilled, a production AFE is used to estimate the costs required to bring the well into production. This may include expenses associated with well stimulation, production facilities, flow lines, tanks, metering equipment, and safety measures. 4. Work over AFE: This AFE is specific to operations involving the maintenance, repair, or intervention on an existing well in Nebraska. It outlines the costs associated with remedial actions, well treatments, work over rigs, tubing, valves, and other well-related equipment required to restore or enhance production. 5. Facilities AFE: Facilities Ages cover the costs associated with constructing or upgrading production facilities in Nebraska. It includes expenses related to pipelines, compression stations, separators, treating facilities, storage tanks, and other necessary infrastructure to handle the produced hydrocarbons. 6. Abandonment AFE: When a well reaches the end of its productive life, an abandonment AFE is created to estimate the costs involved in properly plugging and abandoning the well. This involves cementing operations, removing equipment, restoring the site, and any required environmental assessments and reports. In conclusion, Nebraska Cost Estimate and Authorization For Expenditure (AFE) is a crucial tool in the oil and gas industry for estimating and seeking approval for project-related expenses. It encompasses various types of Ages tailored to specific operations, such as exploration, drilling, production, work overs, facilities, and abandonment.
