AFE
Authorization for Expenditure
Contracts
Budget approval document the operator prepares before drilling begins. Every co-owner must sign off. Spending beyond the AFE without consent is one of the fastest ways to blow up a joint venture.
Authorization for Expenditure
Contracts
Budget approval document the operator prepares before drilling begins. Every co-owner must sign off. Spending beyond the AFE without consent is one of the fastest ways to blow up a joint venture.