Examples of AFE in a sentence

Upon acceptance of the A.F.E., each Non-Operator will immediately forward their proportionate share of the cost to VEC Enterprises.
Such deductions will be accompanied by a statement (J.I.B.) which identify the A.F.E., lease or facility, all charges and credits and summarized by appropriate classifications of investment and expense except that times of controllable material and unusual charges and credits shall be separately identified and fully described.
Upon receipt of the AFE, each Non-Operator will be given fifteen (15) days to accept or reject their participation in the proposed operations.
If any party to whom such notice elects not to participate in the Proposed Operation, and the total AFE cost for the proposed operation exceeds $50,000.00, then that party shall forfeit his or her working interest share in only the well or xxxxx covered by the operation.
Subsequent Operations- An A.F.E. will be provided for the costs for all proposed operations on the lease acreage.

More Definitions of AFE

AFE means an Authority for Expenditure prepared by a party to this agreement for the purpose of estimating the costs to be incurred in conducting an operation hereunder.

AFE shall have the meaning set forth in Section 4.13.

AFE means an authorization for expenditure representing an estimate of work to be performed for a specific drilling, completion or other operation.

AFE has the meaning set forth in Section 3.11.

AFE means any authorization for expenditure or other capital proposal to conduct operations relating to the Oil & Gas Assets.