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Lease Operating Expenses (LOE)

LOE refers to the costs of operating the wells and equipment on a producing lease, many of which are recurring.

How it’s important to us

The term “LOE” is frequently used in the oil & gas business to talk about costs associated with a given well or lease.  Often times, when there are multiple partners involved in the lease, the LOE is shared among the different parties, with the percentage of operating expenses each partner is responsible for represented by their “gross working interest” or GWI in the well.

 


Nate Richards
Nate has over 18 years of software engineering and consulting experience. He founded Entrance in 2003. Nate is the past President of the Board of LifeHouse Houston, a Christ-centered maternity home ministry, and is past Executive committee member and Treasurer of Houston Achievement Place, a foster care and social skills training non-profit organization.
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