Asset Depreciation
Whether international or domestic, oversee the book and tax depreciation of all assets side by side. Depreciation calculations on Petrofly are up-to-date with statutory regulations. Contact us at support@petrofly.com for a list of supported countries.
Asset Organization
Ensure assets are in their proper location with GPS tracking and automatic record-keeping. Easily perform audits with RFID or barcode scanning.
Cloud Capability
Our cloud platform not only guarantees that all asset information is up-to-date across your company but also allows you to manage and control your assets from anywhere.
Petrofly's fixed asset suite makes it easy to calculate and manage book and tax depreciation side by side, as well as track gain or loss from asset disposals by individual assets, asset groups, or accounts. Our streamlined asset auditing system is integrated with RFID and barcode capability.
Securely manage your assets from anywhere in the world with advanced cloud software. Easily track and manage book and tax depreciation side by side for all fixed assets within your company. Stay up-to-date with each asset's location and performance with GPS tracking and detailed record-keeping procedures.
"We had a long and repetitive process for handling JIBs. Petrofly made a custom page for us with no additional cost after we signed up. All we have to do now is click generate, and everything is taken care of for us in a couple of seconds. To be able to view all of my production through my email is also a nice addition to have."
-Robert Sampson, Owner, Alpha Resources
"As an operator that has multiple assets in multiple states, it is especially difficult for us to find new servicers when a new job comes up or when we are looking to lower our expenditure on a specific workover. After adopting Petrofly's platform, we were not only able to get connected to vendors with better pricing but also get notified when some of our expenditures were too high compared to the market."
-John Berman, Lead PE, SMN Production Company
“Petrofly has been an easy-to-use, web-based application that our corporate employees and field-level employees can access via laptop, phone, or tablet to improve the reporting of daily oil and gas production, expense reporting, and production history generation. This one-stop shop for data entry has saved us countless hours and thousands of dollars of labor that would otherwise go into manually recording these entries from different sources like gauge sheets, excel sheets, invoices, receipts, etc. I highly recommend the product to E&P companies, large and small.”
-Jogesh Vashisht, CEO, Vast Oil, Inc
