Accurate, Audit-Ready Asset Management From Purchase to Retirement

    Providence Moveables provides a unified, automated solution for managing oilfield equipment throughout its entire lifecycle: acquisition, transfer, utilization, valuation, and disposal. Built on the Providence SIA Architecture, it integrates seamlessly with the Providence Energy Management System to deliver precise cost allocation, audit-ready subledger detail, and fully COPAS-compliant reporting.

    Key Features

    Automated asset capture
    Integrated transaction history
    Lifecycle and valuation control

    Providence Moveables delivers comprehensive functionality to help operators maintain accurate, compliant, and efficient asset oversight.

    • Automated asset capture: Automatically record new assets upon purchase or when a GL entry posts to the Moveables ledger, eliminating manual data entry and ensuring immediate visibility.
    • Equipment and inventory tracking: Track equipment across fields, yards, and warehouses with full documentation of transfers, utilization, and field deployment.
    • COPAS-compliant calculations: Apply correct COPAS-mandated used-condition percentages automatically for accurate joint billing and standardized accounting.
    • Integrated transaction history: Maintain complete movement history for every asset, from acquisition to disposition, ensuring transparency, accuracy, and easier JOA audits.
    • Seamless DD&A integration: Bi-directional integration with the Providence DD&A module ensures purchases, transfers, sales, and abandonments are instantly reflected across both systems.
    • Lifecycle and valuation control: Ensure consistent valuation and asset-life tracking to reduce financial errors and strengthen reporting accuracy.

    Why Choose Providence Moveables

    Providence Moveables helps oil and gas organizations maintain control over equipment and inventory through consistent accounting and automated lifecycle tracking. With accurate subledgers, COPAS-compliant calculations, and integrated workflows, it reduces audit risk and simplifies reporting.

    Providence Moveables helps oil and gas organizations maintain control over equipment and inventory through consistent accounting and automated lifecycle tracking. With accurate subledgers, COPAS-compliant calculations, and integrated workflows, it reduces audit risk and simplifies reporting.

    Want to see more? Contact us to request a product demo today.

    Discover how Providence Moveables improves control, transparency, and efficiency across your entire equipment lifecycle. Contact our team to request a product demo today.

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