North Dakota Authorization For Expenditure - "AFE"

• Category: Oil Gas and Minerals - Authorizations
• State: Multi-State
• Control #: US-OG-628
• Format: Word; Rich Text

Description

This form is for approval of costs and expenses.

North Dakota Authorization For Expenditure (AFE) is a document widely used in the oil and gas industry to obtain approval for expenditures related to drilling, well completion, and other related activities. It serves as a request for authorization and budget approval before proceeding with any significant project. The purpose of the North Dakota AFE is to ensure appropriate use of funds and to keep track of expenses incurred during the project's lifecycle. By submitting an AFE, companies seek approval from their partners, stakeholders, or management to allocate necessary resources and funds for the project. Keywords related to North Dakota Authorization For Expenditure (AFE): 1. North Dakota AFE form 2. Oil and gas AFE 3. Expenditure approval process 4. Budget allocation 5. Project authorization 6. AFE workflow 7. Financial planning and control 8. Expense tracking 9. Drilling and completion AFE 10. Well intervention AFE 11. Reservoir engineering AFE 12. Facilities construction AFE 13. Capital expenditure authorization Different types of North Dakota Authorization For Expenditure (AFE) can be categorized based on the specific project phases or activities they cover. Some commonly used AFE types are: 1. Drilling AFE: This document outlines the budget and resources required for drilling a well, including the costs associated with drilling equipment, personnel, materials, and logistics. 2. Completion AFE: It focuses on the expenses related to completing the well, including activities like casing, cementing, wellhead installation, and perforation. 3. Intervention AFE: This type of AFE covers expenses for well interventions, such as work over operations, acidizing, hydraulic fracturing, or any other activities required to optimize production. 4. Reservoir Engineering AFE: It deals with expenses incurred for reservoir engineering studies, data acquisition, analysis, modeling, and simulation to enhance reservoir performance. 5. Facilities Construction AFE: This type of AFE is used for budgeting and authorizing expenses related to constructing oil and gas facilities, such as pipelines, gathering systems, treatment plants, and storage facilities. 6. Capital Expenditure AFE: It covers major investment expenditures for machinery, equipment, infrastructure, or technology required for sustainable production and long-term growth. Companies in the oil and gas industry use these different types of Ages to gain approval for expenditures at various stages of a project's lifecycle. Proper planning, documentation, and approval of Ages is crucial to ensure efficient resource management and cost control within the industry.