Tarrant Texas Authorization For Expenditure - "AFE"

• Category: Oil Gas and Minerals - Authorizations
• State: Multi-State
• County: Tarrant
• Control #: US-OG-627
• Format: Word; Rich Text

Description

This form is for approval of costs and expenses. Tarrant Texas Authorization For Expenditure (AFE) is an essential document used in the oil and gas industry to control and track project expenditures. It serves as a binding agreement between the operator and the various parties involved in a project, ensuring proper financial management throughout the project's lifecycle. Ages are crucial for budgeting, cost control, and accountability purposes. Keywords: 1. Tarrant Texas: This refers to the specific location where the AFE is used, indicating that it is the applicable document for projects conducted in Tarrant County, Texas. 2. Authorization For Expenditure: The term describes the purpose of the document, which is to obtain necessary approvals and permissions for project-related expenses. 3. AFE: Abbreviation commonly used in the oil and gas industry to refer to the Authorization For Expenditure document. Different Types of Tarrant Texas Authorization For Expenditure — AFE: 1. Drilling AFE: This AFE type focuses on expenses related to drilling a well. It includes costs associated with drilling rigs, drilling fluids, wellhead equipment, and drilling personnel. 2. Completion AFE: Specific to expenses incurred during the completion phase of a well, this document covers activities such as casing, cementing, perforation, and hydraulic fracturing. 3. Work over AFE: Work over Ages pertain to expenditures needed to enhance or repair existing wells. It covers tasks like well bore clean outs, simulations, and repairs to maintain or improve production. 4. Facilities AFE: This AFE type deals with costs incurred for constructing or modifying oil and gas facilities, such as pipelines, storage tanks, separators, and treatment units. 5. Maintenance AFE: Maintenance Ages are used to authorize expenses for routine upkeep, repairs, and preventive maintenance activities necessary to ensure the ongoing efficiency and safety of the exploration and production operations. In summary, Tarrant Texas Authorization For Expenditure (AFE) is a vital document used in the oil and gas industry to manage project expenses. It helps track and authorize various types of expenditures, including drilling, completion, work over, facilities, and maintenance projects. By utilizing Ages, companies ensure proper financial control and accountability while executing projects within Tarrant County, Texas.

Tarrant Texas Authorization For Expenditure (AFE) is an essential document used in the oil and gas industry to control and track project expenditures. It serves as a binding agreement between the operator and the various parties involved in a project, ensuring proper financial management throughout the project's lifecycle. Ages are crucial for budgeting, cost control, and accountability purposes. Keywords: 1. Tarrant Texas: This refers to the specific location where the AFE is used, indicating that it is the applicable document for projects conducted in Tarrant County, Texas. 2. Authorization For Expenditure: The term describes the purpose of the document, which is to obtain necessary approvals and permissions for project-related expenses. 3. AFE: Abbreviation commonly used in the oil and gas industry to refer to the Authorization For Expenditure document. Different Types of Tarrant Texas Authorization For Expenditure — AFE: 1. Drilling AFE: This AFE type focuses on expenses related to drilling a well. It includes costs associated with drilling rigs, drilling fluids, wellhead equipment, and drilling personnel. 2. Completion AFE: Specific to expenses incurred during the completion phase of a well, this document covers activities such as casing, cementing, perforation, and hydraulic fracturing. 3. Work over AFE: Work over Ages pertain to expenditures needed to enhance or repair existing wells. It covers tasks like well bore clean outs, simulations, and repairs to maintain or improve production. 4. Facilities AFE: This AFE type deals with costs incurred for constructing or modifying oil and gas facilities, such as pipelines, storage tanks, separators, and treatment units. 5. Maintenance AFE: Maintenance Ages are used to authorize expenses for routine upkeep, repairs, and preventive maintenance activities necessary to ensure the ongoing efficiency and safety of the exploration and production operations. In summary, Tarrant Texas Authorization For Expenditure (AFE) is a vital document used in the oil and gas industry to manage project expenses. It helps track and authorize various types of expenditures, including drilling, completion, work over, facilities, and maintenance projects. By utilizing Ages, companies ensure proper financial control and accountability while executing projects within Tarrant County, Texas.