Authority for Expenditure (AFE)
Definition
A document prepared by the operator of an oil and gas well, and signed by non-operating owners of the leasehold, that specifies the location and depth of the well and the estimated drilling costs.
A document prepared by the operator of an oil and gas well, and signed by non-operating owners of the leasehold, that specifies the location and depth of the well and the estimated drilling costs.
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