Common use of AFEs Clause in Contracts

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two Hundred and Fifty Thousand Dollars ($250,000), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost Two Hundred and Fifty Thousand Dollars ($250,000) or less, but in excess of One Hundred Thousand Dollars ($100,000), if Operator prepares same for its own use.

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two Hundred and Fifty Thousand Dollars ($250,000), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a a. well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for for- an operation or single expenditure estimated to cost Two Hundred and Fifty Thousand Dollars ($250,000) or less, but in excess of One Hundred Fifty-Thousand Dollars ($100,00050,000), if Operator prepares same for its own use.

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two Hundred and Fifty Thousand Dollars five hundred thousand dollars ($250,000500,000.00), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost Two Hundred and Fifty Thousand Dollars five hundred thousand dollars ($250,000500,000.00) or less, but in excess of One Hundred Thousand Dollars one hundred fifty thousand dollars ($100,000), 150,000.00) if Operator prepares same for its own use.

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two Hundred and Fifty Thousand one-hundred fifty thousand Dollars ($250,000150,000), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost Two Hundred and Fifty Thousand one-hundred fifty thousand Dollars ($250,000150,000) or less, but in excess of One Hundred Thousand fifty thousand Dollars ($100,00050,000), if Operator prepares same for its own use.

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two One Hundred and Fifty Thousand Dollars ($250,000100,000.00), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE APE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost Two One Hundred and Fifty Thousand Dollars ($250,000100,000.00) or less, but in excess of One Hundred Fifty Thousand Dollars ($100,00050,000.00), if Operator prepares same for its own use.

AFEs. Before undertaking an operation or making a single expenditure to be in excess of Two Hundred and Fifty Thousand Dollars ($250,000), and before conducting an activity or operation to drill, Sidetrack, Deepen, Complete, Rework or Recomplete a well (regardless of the estimated cost), Operator shall submit an AFE for the operation or expenditure to the Parties for approval. Operator shall also furnish an informational AFE to all Parties for an operation or single expenditure estimated to cost Two Hundred and Fifty Thousand Dollars ($250,000) or less, but in excess of One Hundred Fifty-Thousand Dollars ($100,00050,000), if Operator prepares same for its own use.