What does afe mean in oil and gas
An AFE is a budgeting and approval form used during the planning process for a well about to be drilled (and for other projects). It includes an estimate of costs to be incurred during the IDC (intangible drilling cost) category and in the tangible equipment category. Costs are shown in total with accompanying breakdowns. Cap rocks: Rocks geologists look for that trap the oil and gas so they cannot rise to the surface over time. Casing: Pipe cemented to the wall of the drilled well to seal off the water supply and to keep the hole from collapsing. Christmas Tree (Wellhead): The system of pipes, valves,