LOE definition

LOE. Means lease operating expense(s), a current period expense incurred to operate a well. “MBOE.” One thousand barrels of oil equivalent.

Examples of LOE in a sentence

  • The COR may not take any action which may impact on the contract schedule, funds, scope or rate of utilization of LOE.

  • This section shall include the LOE estimated to perform the work.

  • When the LOE is undertaken within the last three months of the validity period, the new validity period shall be counted from the original expiry date.

  • The PORT and CONSULTANT will negotiate a final scope (with tasks and deliverables) and Level of Effort (LOE) for each SD.

  • Schedule of Events Proposed/Planned to Accomplish Task C.23.4 Estimated Level of Effort (LOE) Requirement.


More Definitions of LOE

LOE means KMC-owned equipment.
LOE means Letter of Empanelment.
LOE means Letter of Equivalency “Lamacoid” as defined in GCS0008
LOE in this instance means Line of Enquiry.
LOE means lease operating expenses. “MBbls” means thousand barrels.
LOE xxans leasehold operating expenses and other field level or lease level charges for operations on the properties of TOGA included within the Collateral including overhead charges of a third party operator under the Project JOA.
LOE has the meaning set forth in Section 8.01(c).