Finding Costs definition
Finding Costs means the cost of finding commercial oil or gas, including all expenses involved in acquiring acreage, survey work and the cost of drilling.
Finding Costs means the amount of expense per Mcfe calculated by dividing exploration and development costs for wells completed during 2013 by extensions and discoveries associated with such wells, including performance revisions and excluding price revisions.
Examples of Finding Costs in a sentence
Monitor AFE expenditures, Finding Costs, Reserve additions, and Production rates and make recommendations to the President on how to improve in these areas.