What does afe stand for in the oil and gas industry? Unanswered Questions. What novels or works of fiction can make you more intelligent? How to use my MacBook Air as a media server for my iPad? a specified Royalty paid under an Oil and Gas Lease by the Lessee prior to the date that operations begin. An Advance Royalty is typically not contingent upon whether any oil or gas is extracted during the term of the Lease. See also Shut-in Royalty. AFE: abbreviation of Authority for Expenditure. After Payout (APO): the period after Payout has occurred. An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Annulus: The spacing between the casing and the wall of the borehole, two strings of casing or the tubing and the casing . API Number: A unique identifying number for all oil and gas wells drilled in the U.S. The oil and gas industry uses many common abbreviations and acronyms. We have provided this list for reference as a convenience to our readers and it is not meant to be all inclusive or compatible with all domestic or international areas as these abbreviations and acronyms may vary based on location.
21 Dec 2015 PDF Version: Unpaid AFE Amounts Constitute Liquidated Demands With and the “no set-off” provisions commonly found in oil and gas and other here were joint operations within the meaning of the 1990 version of the
We found 1 meaning of AFE acronym or abbreviation related to Oil Field: Any category. occupation. offshore oil undustry. oil field. oil industry. oilfield. organism. In the world of finance, an AFE is an authorization for expenditure. To put it simply, it is allows a person or group of people to make a purchase or series of purchases. Usage. AFE is an acronym used not only in the world of finance but is commonplace in corporations and government agencies. NS - North Sea; can also refer to the North Slope Borough, Alaska, the North Slope, which includes Prudhoe Bay Oil Field (the largest US oil field), Kuparuk Oil Field, Milne Point, Lisburne, and Point McIntyre among others. An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Barrel (BBL) – The basic unit for measuring oil. A barrel is equal to 42 U.S. gallons. Credit – The right side of an entry to the G/L. Crude Oil – Liquid petroleum as it comes out of the ground. Crude oil varies radically in its properties, such as specific gravity and viscosity. What does afe stand for in the oil and gas industry? Unanswered Questions. What novels or works of fiction can make you more intelligent? How to use my MacBook Air as a media server for my iPad? a specified Royalty paid under an Oil and Gas Lease by the Lessee prior to the date that operations begin. An Advance Royalty is typically not contingent upon whether any oil or gas is extracted during the term of the Lease. See also Shut-in Royalty. AFE: abbreviation of Authority for Expenditure. After Payout (APO): the period after Payout has occurred. An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Annulus: The spacing between the casing and the wall of the borehole, two strings of casing or the tubing and the casing . API Number: A unique identifying number for all oil and gas wells drilled in the U.S.
The oil and gas industry uses many acronyms and abbreviations. This list is meant for AFE – Authorization For Expenditure, a process of submitting a business proposal to investors; AFP – Active Fire Protection; AGRU – acid gas removal
The oil and gas industry uses many acronyms and abbreviations. This list is meant for AFE – Authorization For Expenditure, a process of submitting a business proposal to investors; AFP – Active Fire Protection; AGRU – acid gas removal [Oil and Gas Business]. A budgetary document, usually prepared by the operator, to list estimated expenses of drilling a well to a specified depth, casing point or 25 Jun 2015 The AFE is often accompanied by a projected payout schedule or revenue forecast. Wages, fuel, repairs, hauling, supplies, etc., in connection with to or necessary for the drilling of wells, such as structures for storing oil. acronyms related to our Oil & Gas industry is, therefore, to facilitate OGIC – Oil and Gas India Conference and Exhibition AFE – Authorization for Expenditure. 4 Dec 2012 An AFE is a budgeting and approval form used during the planning process The AFE form represents: (1) a budget for the project against which actual Custom Software: Tracking Pipeline Damage for Oil and Gas - July 9, The oil and gas industry is encountering a consistent issue while facing the AFE. It defines the mechanism defined particularly in a joint venture environment to
NS - North Sea; can also refer to the North Slope Borough, Alaska, the North Slope, which includes Prudhoe Bay Oil Field (the largest US oil field), Kuparuk Oil Field, Milne Point, Lisburne, and Point McIntyre among others.
The oil and gas industry is encountering a consistent issue while facing the AFE. It defines the mechanism defined particularly in a joint venture environment to Petropedia explains Authority For Expenditure (AFE). When the oil or gas production permit is approved to any E&P organization on a particular lease,
to, oil, gas and mineral law in Texas from October 1, 1999 through. September 30 focused on the meaning of "wrongfully" and the Texas division order statute. 68 the four producing wells located on the lease and included an AFE which.
What does AFE stand for? Your abbreviation search returned 59 meanings. Link/Page Citation Category Filters; All definitions (59) Information Technology (7) Military & Government (12) Science & Medicine (15) Organizations, Schools, etc. (22) Business & Finance (19) Slang, Chat & Pop culture (4) Sort results TGOR - Total Gas Oil Ratio (GOR uncorrected for gas lift gas present in the production fluid) TH - Tubing Hanger; THERM - Thermometer Log; THF - Tubing Head Flange; THP - Tubing Hanger Pressure (pressure in the production tubing as measured at the tubing hanger) THP - Tubing Head Pressure; THRT - Tubing Hanger Running Tool; THS - Tubing Head Spool