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FieldAssets for ARO

Fieldshare

Overview

Oil & Gas companies face mounting regulatory pressure and financial scrutiny around Asset Retirement Obligations (ARO), Reclamation Liabilities, and annual Mandatory Spend.

FieldAssets, the latest module in the Fieldshare ecosystem, was built to bring clarity, automation, and precision to how you plan, track, and report every dollar spent on site closure and environmental activities.

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challengeComplex, Manual, Disconnected Processes

Fragmented ARO and Liability Tracking
Many organizations rely on multiple spreadsheets or disconnected databases to manage Asset Retirement Obligations and site-level liabilities. This makes it difficult to maintain a single source of truth, validate assumptions, and ensure up-to-date financial visibility across assets and regions.
Lack of Integration between Assets and Projects

Traditional project management systems don’t connect field activities to specific public assets. Without live asset data, teams are forced to manually cross-reference location data (LSD/NTS) with internal projects, increasing room for human error and data silos.

Unclear Oversight of Mandatory Spend
Meeting annual spend requirements for ARO and reclamation programs is a regulatory necessity, yet most organizations struggle to forecast or validate their year-to-date spend across contractors, assets, or activity types. This often leads to inefficient allocation of capital and reactive spending at year-end.
Disconnected Work-Plans and Execution Timelines
Work-plans outlining target years, budgets, and milestones are often static spreadsheets that don’t update as field conditions or budgets change. Without a dynamic link between planned and actual progress, it’s difficult to prioritize assets or communicate realistic timelines to regulators and executives.
Time-Consuming Reporting and Reconciliation
Finance and operations teams spend hours consolidating information from field reports, invoices, and consultants’ submissions to create monthly accruals or progress reports. This slows decisionmaking and makes audit readiness a constant struggle.
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Solution

FieldAssets transforms how Oil & Gas companies manage ARO, liabilities, and work-plans by connecting every project, activity, and spend record directly to its associated asset.

Live Asset Integration via StackDxMaps

Each Fieldshare project can now be directly linked to a public asset. Surface locations (LSD/NTS), UWIs, License Numbers automatically sync with live data, ensuring that your asset information and associated liabilities stay current without manual updates.

Centralized Tracking of Liabilities and ARO

FieldAssets lets you view and manage all liabilities, ARO values, and reclamation activities across wells, pipelines, and facilities in one system. Each project can host multiple activity budgets (Reclamation, Remediation, Phase 1 ESA, etc.) tied to the same surface location.

Configurable Fields and Flexible Data Control

Create custom columns, fields, and financial metrics tailored to your organization’s reporting structure to track stages, phases and deadlines. Combine automated data with your internal cost estimates, forecasts, and expected work-plans for a complete picture of financial exposure and progress.

Advanced Work-Plan Management

Plan, schedule, and monitor activities by year and by site. Track what’s planned, what’s in progress, and what’s complete, ensuring full visibility into your multi-year Mandatory Spend commitments and ARO reduction goals.

Automated Reporting and Accruals

Generate real-time reports with Fieldshare’s proprietary advanced filters. Instantly export monthly accruals by vendor, or consultant, or view year-to-date spend per asset, manager or area — no more manual consolidation or guesswork.

By integrating live public asset data, tailored project tracking, and automated financial reporting, FieldAssets empowers organizations to:

  • Maintain compliance with AER and BC-ER reporting requirements.
  • Accurately forecast and control annual ARO and reclamation budgets.
  • Eliminate redundant data entry and disconnected spreadsheets.
  • Confidently demonstrate progress toward long-term liability reduction targets.
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