# AI-Powered AFE Management — Available Now ## AFE Evaluation Report ### Approve Smarter. Spend Less. Move Faster. Stop managing authorization for expenditure decisions in spreadsheets and inboxes. Enverus ONE™ automates AFE benchmarking, forecasting, and portfolio visibility—so your team moves from reactive approvals to strategic capital discipline. **10x** More AFEs evaluated without adding headcount **Minutes** AFE review time — down from hours once data is ingested **Zero** Manual rebuilds when assumptions change — AI reruns scenarios instantly **8,000+** Energy companies trust Enverus data and intelligence ## The Challenge ### Non-Op AFE Management Is Broken. ### And It's Costing You Capital. Authorization for expenditure decisions move fast — but the manual processes behind them don't. Non-op teams are buried in PDFs, spreadsheets, and email threads, making it nearly impossible to prioritize participation with confidence or forecast cash flow accurately. The result: reactive approvals, overspending, and a non-op portfolio managed as a cost center instead of a strategic asset. ### Before QuickStart - Manual AFE intake via email & PDF - Hours of cost benchmarking per AFE - No portfolio-level visibility - Budget impact unknown at consent - Reactive, rushed approvals - Decisions hard to defend internally ### With QuickStart - AI-automated AFE intake & review - Benchmarked against 1,000s of wells - Full portfolio trend visibility - Budget context before every consent - Data-grounded, defensible decisions - Clear audit trail for internal approvals ## Pain Points Solved ### Manual AFE Review at Scale Teams reviewing dozens to hundreds of AFEs per month can't afford hours of manual benchmarking per authorization. Volume demands automation. ### No Visibility Into Contractual Obligations Without clarity on required vs. optional AFEs, teams approve defensively — leading to overspending and missed strategic participation decisions. ### Cash Flow Forecasting Built on Assumptions Non-op portfolio forecasts based on run-rate assumptions create budget surprises and reduce confidence in enterprise-level planning. ### Decisions That Can't Be Defended Without consistent economic logic and a traceable decision trail, AFE approvals are subjective — and difficult to justify to leadership. ## How It Works ### Five Steps. One Intelligent Workflow. The AFE Evaluation Report ingests your authorizations and drives the entire review process to a decision-ready output — with AI benchmarking, portfolio context, and human control at every step. 1. **Ingest AFE** Upload AFE packages — PDFs, emails, or structured files. AI parses well, operator, and interest data automatically. 2. **Benchmark Costs** Each AFE is benchmarked against thousands of historical wells and cost records from Enverus proprietary datasets — in minutes, not hours. 3. **Assess Portfolio Impact** Budget impact, committed capital, and remaining capacity are surfaced in context — so teams understand trade-offs before consenting. 4. **Refine via AI Chat** Adjust assumptions, ask questions, and rerun scenarios instantly through conversational AI — no manual rebuilds required. 5. **You Decide** Participate, defer, or decline — with a defensible decision trail ready for internal approvals. AI accelerates; you stay in control. ## Capabilities ### AFE Management, Reimagined. Less Manual Work. Faster Decisions. Smarter Capital. Every capability is purpose-built for non-operated workflows — grounded in Enverus proprietary data and designed to scale with your volume, not against it. ### AI-Assisted AFE Intake Ingests non-op AFEs and standardizes assumptions, inputs, and structure for review — replacing slow, manual spreadsheet work with a consistent, scalable process. ### Automated Cost Benchmarking Benchmarks every AFE against thousands of historical wells and cost records in Enverus datasets — replacing manual lookups with repeatable, data-driven comparisons. ### Capital Efficiency & NPV Clarity Quantifies returns, capital efficiency, and downside across opportunities — so teams can prioritize participation or walk away with confidence, not gut instinct. ### Budget Allocation Awareness Shows budget impact, committed capital, and remaining capacity in context — before consenting. Eliminates over-approval on AFEs that don't fit strategy or budget. ### AI Chat to Refine & Rerun Adjust assumptions, ask questions, and rerun scenarios instantly through conversational AI — enabling faster decisions without repeating manual analysis from scratch. ### Portfolio-Level Forecasting Surfaces operator-level cost behavior and performance patterns across your full AFE portfolio — shifting teams from one-off approvals to proactive portfolio management. ## Business Impact ### From AFE Inbox to Strategic Decision. Capital Protected. Teams Freed. #### Capital Discipline ##### From Reactive Spend to Strategic Allocation Non-op portfolios managed on assumptions invite overspend and budget surprises. The AFE Evaluator grounds every consent decision in benchmarked costs and portfolio context — turning non-op spend from a run-rate liability into a managed, strategic investment. #### Forecast Confidence ##### From Guesswork to Data-Grounded Projections When non-op cash flow forecasts are built on assumptions, budget surprises follow. The AFE Evaluator replaces gut-check projections with portfolio-level forecasting grounded in real well performance and consistent economic logic your finance team can stand behind. #### Competitive Advantage ##### From Cost Center to Strategic Asset Teams that can evaluate more AFEs faster — with consistent benchmarks and full portfolio visibility — make better participation decisions, protect more capital, and outperform peers still managing non-op workflows in spreadsheets and inboxes. ## Who It's For ### Built for Every Team That Touches Non-Op AFE Decisions #### Executives / C-Suite Need portfolio-level visibility into non-op exposure, contractual obligations, and capital allocation — replacing reactive approvals with disciplined, data-driven strategy. #### Asset Managers / Non-Op Teams Need to centralize AFE intake, benchmark costs against real analogs, and prioritize participation decisions with confidence — without increasing review time or headcount. #### Finance / FP&A Need to replace assumption-based non-op cash flow forecasts with portfolio-level projections grounded in consistent economics and real performance data. #### Land Teams Need to understand contractual obligations and required vs. optional AFEs under complex agreements — before the response deadline, not after. ## Enterprise-Grade Security ### AI Innovation Without Governance Risk Security is not a feature. It's the foundation. Enverus ONE is built for high-consequence energy decisions — and the AFE Evaluation Report is no exception. SOC II Compliant Isolated Tenancy RBAC Controls Your Data Stays Yours No Public Model Exposure Full Audit Trails ## Ready to Execute? See how the AFE Evaluation Report transforms non-operated asset management — no commitment required.