Authority for Expenditure definition

Authority for Expenditure means an expenditure estimate provided by the operator of a drilling project detailing all of the estimated expenses to be incurred in drilling and completing that well.
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Authority for Expenditure means an Authority for Expenditure prepared by the Manager or any Owner for the purpose of estimating the costs to be incurred in accordance with this Agreement.
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Authority for Expenditure. OR "AFE" means a written statement of an operation proposed to be conducted pursuant to this Agreement, which statement shall include:
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Examples of Authority for Expenditure in a sentence

  • An Authority for Expenditure (“AFE”) containing the information respecting this well required by Commission Rule 530.b. was sent to each of these working interest owners more than thirty (30) days prior to the date of the hearing on this Application.

  • In addition, the election letters were sent with an Authority for Expenditure, Election Form and a proposed Operating Agreement in accordance with Rule 530.

  • An Authority for Expenditure (“AFE”) and offers to participate containing the information respecting this well required by Commission Rule 530.b. were sent to the working interest owners more than thirty (30) days prior to the date of the hearing on this application.

  • This sworn testimony will include representative copies of the offers to lease and to participate evidencing compliance with § 34-60-116, C.R.S. and COGCC Rule 530, in addition to a well plat for each Well, a list of parties that may be subject to the statutory cost recovery penalties of § 34-60-116, C.R.S., and the Authority for Expenditure (AFEs) for the Wells.

  • Each Test Well shall be drilled to the total depth listed in the Authority for Expenditure (“AFE”) for such Test Well, or a depth sufficient to test the stratigraphic equivalent of the formation listed in AFE for such Test Well, whichever is lesser (“Objective Depth”).

  • The Authority for Expenditure (AFE) document is a department contract form.

  • The test well, initial well, drilling or development program shall be conducted in accordance with the terms and conditions of the Participation Agreement, if any, executed by the parties or the AFE (Authority for Expenditure), if any, attached hereto.

  • An Authority for Expenditure (“AFE”) for the ITW is attached to this Agreement as Exhibit “A-1” (the “Approved AFE”) and by the execution hereof, each of NEWFIELD and RIDGEWOOD agrees to participate in the drilling of the ITW in accordance with the terms hereof.

  • No later than five (5) days prior to the drilling by Operator of a Well in which Non-Operator has elected to participate, Non-Operator shall pay to Operator its Proportionate Share of the Drilling Costs of the Well as estimated in an Authority for Expenditure ("AFE") to be furnished to Non-Operator by Operator along with the written notice to be provided by Operator to Non-Operator pursuant to Section 2.4 hereof.

  • Economic Review Project expenditures during the Plan period are subject to economic review through the Determination and Authority for Expenditure processes.

Related to Authority for Expenditure

  • irregular expenditure means expenditure, other than unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation, including—

  • Business Plan means the information required to be supplied to the

  • Board of Visitors means the Rector and Board of Visitors of Virginia Commonwealth University.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • Exploration Expenditures means the sum of:

  • Pro-Vice-Chancellor means the Pro-Vice Chancellor of the University;

  • Executive Mayor means the councillor elected as the executive mayor of the municipality in terms of section 55 of the Municipal Structures Act;

  • Board of Studies means the Board of Studies of the University;

  • Annual Business Plan means the business plan for the next calendar year made by Party A in accordance with this agreement prior to November 30 every year with the assistant of Party B.

  • Independent expenditure means an expenditure by a person:

  • Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.

  • Not-for-Profit Organization means a nonprofit corporation as defined in ORS 307.130.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Parenting plan means a written plan describing each parent's rights and responsibilities.

  • Board of Supervisors means the Board of Supervisors of Kern County.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Board of Directors means the board of directors of the Company.

  • Guarantor’s Board of Directors means the board of directors of the Guarantor or any committee of that board duly authorized to act generally or in any particular respect for the Guarantor hereunder.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • School board means the governing board of directors of the local school district.

  • For-profit organization means: a sole-proprietorship, partnership, limited liability company, corporation, or other legal entity that is organized or operated for the profit or financial benefit of its shareholders or other owners. Such organizations also are referred to as “commercial organizations”.

  • Company Board of Directors means the board of directors of the Company.

  • Academic Board means the Academic Board of the University College established under paragraph 13;

  • fruitless and wasteful expenditure means expenditure that was made in vain and would have been avoided had reasonable care been exercised;

  • Capital Expenditure means expenditure on:

  • SBE Program Coordinator means the individual appointed, from time to time, by the City’s Community and Economic Development Director to administer the SBE Regulations.