AFE Leaks brings together well-level costs, production, type curves, vendor spend, SEC financials, reserves, hedges, credit, and guidance — queryable from the web, an API, or any AI agent that speaks MCP.
Capital allocation in the Lower 48 still runs on gut feel and stale benchmarks. Operators, investors, and lenders make billion-dollar calls without a shared view of what wells actually cost, how they produce, or how the companies behind them line up on the SEC tape.
AFE Leaks was built to bring the operational and financial pictures together — not as estimates or models, but as the real numbers operators are spending and reporting.
Built by a reservoir engineer turned oil & gas debt/equity banker turned head of Lower-48 corporate research. Backed by an expert network.
Every analysis answers a real-money question. No corporate subscriber bias, no rented opinions.
Interactive tools, multi-dataset joins, and non-traditional methods to surface insight others miss.
Clear methodologies, reproducible code, and outputs anyone can act on — not just specialists.
Well-level costs, production, type curves, SEC financials — and plenty more, queryable from the same place.
AFE, Actual & SEC-derived
100K+ wells across 12 states with planned (AFE) and actual capex, plus SEC-disclosed per-well costs for public operators.
Meta + monthly volumes
Well headers, location, completion design, formation tops, casing, surveys, and monthly oil/gas/water volumes.
Arps DCA + economics
Build and save normalized type curves from any well set, with multi-segment Arps decline and full AFE-level economics.
Spend by service line
Operator-by-vendor spend across drilling, completions, and disposal — including operator-affiliated vs third-party splits.
Lease-level + price gaps
Lease-level product revenues with oil/gas/NGL realizations and discounts to WTI/HH benchmarks.
Standardized + raw XBRL
IS/BS/CF for 20+ E&P operators, standardized across filers, with raw XBRL access where you need it.
Year-end + reconciliations
Year-end SEC reserves by category, with reconciliations — revisions, extensions, sales, and production.
Tranche-level books
Tranche-by-tranche derivative books with volumes, prices, and structure — not just aggregate disclosures.
Debt · covenants · ratings
Latest-snapshot debt stacks, revolver utilization, covenants, ratings, and liquidity for the public operators.
By basin + target period
Forward-looking production, capex, and operating guidance — broken out by basin and target period.
Pelican platform
Gulf of Mexico wells, production, and platform/facility data through the Pelican offshore module.
LOE, GPT, realizations / BOE
Per-filing operating costs, gathering & transport, realized prices, and per-BOE/Mcf unit economics for the public operators.
Browser-based tools for benchmarking, type curves, economics, vendor analysis, company profiles, and SEC financial tables.
The consolidated upstream app — all the well-level workflows in one place, from benchmarking to economics to revenues. Built on Next.js with a Mapbox + deck.gl map layer.
Use it in the browser, pipe it into your own tools, or query it from an AI agent — same datasets, different doors.
Browser-based tools for benchmarking, type curves, economics, vendor costs, price realization, company profiles, and SEC financial tables.
Programmatic access to every dataset. Pull straight into Excel via Power Query (OData), Power BI, Python, R, or your own tooling.
Query the platform from Claude, Cursor, or any MCP client — well costs, production, type curves, SEC financials, plus RAG over our research vault and source SEC filings.
Mix and match — web subscriptions for the apps, API plans for programmatic access, MCP credit packs for AI agents.
Funded by subscribers, not the companies we analyze. No corporate bias, no rented opinions.
AFEs, actuals, and SEC filings — the actual numbers operators planned, spent, and reported.
Web apps, REST + OData API, and MCP for AI agents — same data, three doors.
Most vendors give you one or the other. We tie per-well economics to SEC financials, reserves, hedges, and credit on the same screen.
Whether you're benchmarking your next well, underwriting a deal, or wiring up an AI agent — the same datasets are waiting for you.
bd@afeleaks.com · afeleaks.substack.com
