Logourl black

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.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.