Using our Authorization For Expenditure, drilling project accounting is simplified!
- Comparison for estimate to actual expenses at summary / detail level
- Flexibility of AFE report format allows unlimited number of expense categories and lines of description
- Estimated expenses on AFE compared to actual costs at both dry hole and completed well level
- All reports show expenses by current month and inception-to-date
- Budget variances from actual on dry hole and completed well by expense category
- Property is not limited to one AFE
- Used for non-operated and operated properties to monitor your share of expenses
- Reports separate and subtotal expense categories by leasehold, tangible and intangible costs
- AFE maintenance gives user options to close system to prevent further charges
- Allows user to select predefined expense categories by type