AFE Module

An authorization for expenditure or AFE is a document that shows an investor what the costs are estimated to be for drilling or working over a particular well. The AFE Module will allow you to estimate costs for a well, then track the estimate against the actual costs as they occur. This is an optional module so it will only be useable if you purchased the AFE Module.

Edit > Preferences
AFE Options view
Use this window to set up a "Cost Plus Percentage," "Location Fee," and choose whether you want AFE Expenses to be billed out to owners or just tracked for the AFE.

Maintain Menu
Authorization for Expenditure (AFE) view
Each AFE will be set up with this window. You can also view the estimated and actual costs for each AFE here.

Expense Codes view
Every expense code is set up with this window. Expenses that are going to be used on an AFE should be marked as "AFE Code" in the top right corner of this window.

Reports Menu
AFE Report view
This report shows the total expense estimates for each AFE code for each AFE. The actual costs as well as "Cost Plus Percentage" and "Location Fees" can also be included on it.

AFE Detail Report view
Shows a detailed report of the AFE for the operator.

AFE Owner Report/Cash Call view
This report shows total estimated costs for a well and each owner's share of it. You can send this to the owner for them to sign off on the project. This report can also be printed as the Cash Call Invoice for the owner.