AFE Reports
This is part of the AFE Module, which is an optional module. Contact SherWare, Inc. if you are interested in adding this capability to your software program.
AFE Reports:
AFE Reports
AFE Owner Presentation/Cash Call
AFE Detail Report
The AFE Report will show the total expense for each expense code on the AFE.
Beginning/Ending AFE No
The first and last AFEs in a range to report on.
Use AFE Expense Desc Instead of Name
Will show the description of the AFE/Expense Code instead of the code name of the AFE/Expense Code when viewing the report.
Include Actual Costs
If marked, the actual cost of the each AFE code will show along with the original estimate.
Include Cost Plus and Location Fees
Report will include the cost plus percentage and location fees as specified in AFE Options.
Include Expense Code On Report
Lists the Code for each expense at the beginning of the expense description. For Example an "Accounting Fees" expense will be displayed as "1000-Accounting Fees" when this option is marked.
AFE Owner Presentation/Cash Call
The AFE Owner Presentation/Cash Call should be sent to the investors in order to communicate the estimated costs of the well, and request agreement and payment of the investor's share of estimated costs. This report does not generate a receivable for the owner.
AFE No
Choose the AFE that you wish to report on.
Beginning and Ending Owner ID
Choose the first and last owner IDs in the range of owners whose wells will be included in the report.
AFE Section
The section of expenses you would like to view. For example: Intangible Drilling, etc.
Use AFE Code Description Instead of Name
Reports expense by the expense code description, instead of the expense code name.
Include Cost Plus and Location Fees
Report will include the cost plus percentage and location fees as specified in AFE Options.
Include Owner's Share of Actual Charges
Report includes the owner's share of actual charges incurred at that time.
Include Signature Section
Includes the signature section for the investor to indicate his agreement to pay the estimated costs.
Label Report as an Invoice to be Paid
Shows the report as a cash call invoice, instead of Owner's Presentation.
Include AFE Remarks
Shows any AFE remarks that have been made on this report.
Include Expense Code On Report
Lists the Code for each expense at the beginning of the expense description. For Example an "Accounting Fees" expense will be displayed as "1000-Accounting Fees" when this option is marked.
The AFE Detail report will show the invoices behind the total expense for each expense code on the AFE.
AFE No
The AFE number to report on.
Date Range
The range of dates to show the detail for the AFE.
Calculate by Owner
Will include each owner's portion of the AFE.
Beginning/Ending Owner
The First and Last owner in a range to show on the report.
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