LIFTING & OPERATING EXPENSE Definition

Bookmark and Share

LIFTING & OPERATING EXPENSE (LOE), in the oil/energy industry, within any accounting period, it is all cash costs incurred in connection with the running and maintenance of production wells.

Learn new Accounting Terms

BREAK-EVEN POINT is the volume point at which revenues and costs are equal; a combination of sales and costs that will yield a no profit/no loss operation.

ECONOMIC LIFE is the time period over which an asset(s) may generate economic benefits.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.