Managing end-of-life obligations for oil and gas assets has become a significant part of overall operations in the WCSB. But different parts of an organization often rely on different calculations — LLR for Operations, ARO for Finance and Accounting. Comparing the two is not an apples-to-apples situation but needs to be viewed together to understand the whole picture of your company’s liability health.
This case study, written by a senior VP Business Development of a mid-sized oil and gas producer, examines how AssetBook ARO Manager helped the Business Development group bridge the gap between the two to optimize potential transactions. By switching from an outdated, difficult-to-manage spreadsheet to XI’s purpose-built ARO software, any potential dispositions or acquisitions were made significantly easier, faster, and more accurate.