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

BUDGETARY ACCOUNTING, contrary to financial accounting, looks forward: it measures the cost of planned acquisitions and the use of economic resources in the future.

NET PURCHASES are those items purchased less returns, discounts and allowances on those purchases.

Suggest a Term

Enter Search Term

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