NeoFirma AFE management software is an integrated, cloud-based solution for managing the full AFE lifecycle online with a paper-based option when you need it. Seamlessly integrated with NeoFirma’s Drilling & Well Work Module, our AFE management tools provide a smarter way to track daily and cumulative field costs in real-time with AFE comparisons for one or multiple well projects.
With easy-to-use features that allow you to create, edit and manage expense projects, NeoFirma AFE management offers a current view of expenditures, including drilling, completion, workover, re-completion, repair/maintenance and even non-recurring expenses.
AFE Management Software Features
- Gain insights into daily cost estimates compared to AFE and performance graphs
- Print hard copies for traditional signing or saving outside the system
- Upload and maintain one or multiple COAs from accounting
- Create new AFEs or clone from existing
Field Cost Tracking
A summary section totals your AFE budget and breaks down your cost segments by Phase and Tangible, Intangible. Use this area to also track the budget summary, well details and associated projects. Create and manage overview details and line item costs by Chart of Account (COA) for Drilling, Completion, Workover and other budgeted well work.
AFE Approval Workflow
With approval tracking, you have one central approval location. Designate approvers and status of approval, including date, approved and disapproved/reason. The appropriate parties – whether on your internal team or third-party partners – can then approve, reject and track the AFE signoff process.