Product/Service

Authorization For Expenditure (AFE)

Source: E.B. Archbald & Associates Inc.
SSI Accounting Systems Authorization For Expenditure Overview Developed, Marketed and Supported by E.B. Archbald & Associates, Inc.
SSI Accounting Systems Authorization For Expenditure Overview Developed, Marketed and Supported by E.B. Archbald & Associates, Inc.

Oil and Gas AFE System:

  • Quickly create AFE Budgets.
  • Creates Both 8/8ths Budget and Company Net Share Budget with comparatives for each.
  • Prompts for AFE Budgetary Amounts via "Read-Through" Selection of Well Expense Categories.
  • Allows Unique AFE Budget to be associated with:
    • One Well Development Phase (Before/After Casing Expense Categories)
    • Four Workover Phases (Category 300's through 600's)
    • Three Non-JIB Phases (Category 700's through 900's)
  • Posts AFE Expenses and recalculates Year-to-Date Expenses, Inception-to-Date Expenses and Budget-Vs-Actual Variances.
  • Prints AFE Report, closes AFE Month and allows deletion of completed AFE's.
  • All Accounting Modules validate Expense Distribution for all AFE Categories, ensuring accuracy.
  • Option to print only those AFE's with current month activity.
  • Allows re-use of old AFE Budgets on new wells.
  • Allows printing of AFE's by Investor.
Consolidated AFE Reporting:
  • Allows combined AFE Reporting above to be consolidated by to well groups such as area, operator, date commenced, etc.
  • Allows combining AFE's by Investor.
AFE Reports Produced Using the Following Selection of Expense Categories:
  • Option to include only those categories for which Current Month Expenses were realized. This assists with General Ledger Balancing.
  • Option to include only those categories for which a budget was established. This allows for the budget's accuracy to be analyzed.
  • Option to include only those categories for which no budget was established. This allows for analysis of unforeseen expenses.
AFE Deposit Management and Reconciliation Does Not Require the Purchase of this Module. That Feature Comes Standard in the Oil and Gas File Maintenance, Accounts Receivable and Joint Interest Billing System:
  • Fully Interfaced to SSIQ Intelligent Query Report Writer for:
    • Easy, Ad Hoc Query to Screen.
    • Custom Reports from SSI System.
    • Excel Spreadsheet Creation.
    • ASCII File Creation.
    • Data Base Standard Format (.DIF).

E.B. Archbald & Associates Inc., 6701 N. Broadway, #310, Oklahoma City, OK 73116. Tel: 405-840-4411; Fax: 405-840-7026.