Every well in the basin, scored from orbit.
Meridian scores land recovery across 684,158 WCSB well sites from Sentinel-2 imagery, refreshed every 5 days, paired with a dynamic, auditable ARO. The third-party signal lenders and PE need before the next redetermination.
Onboarding a small number of design partners across lenders, investors, and operators.
- 684,158
- Well sites under coverage
- 10m
- Multispectral resolution
- 5-day
- Satellite revisit
- 4
- WCSB provinces (AB · BC · SK · MB)
Abandonment liability is now an explicit line item in credit risk — and it’s moving faster than the files that track it.
OSFI B-15
Stranded-asset and ARO scenarios now sit inside federally-regulated banks' credit-risk analysis. ARO is a redetermination input, not a disclosure afterthought.
Covenant drift
LMR and decommissioning-reserve covenants can breach quietly between reporting dates — long before the next file review surfaces it.
Diligence clock
Rebuilding an ARO by hand on a roll-up can take weeks — after the bid is already due.
Score the land. Quantify the obligation. Monitor the book.
- Recovery score, 0–100
- Satellite-derived, rules-based, and reconcilable with the regulator's numbers.
- Dynamic ARO
- A per-site obligation that updates as the ground and cost drivers move.
- Covenant & exposure monitoring
- LMR, decommissioning-reserve, and orphan-well exposure across the book.
ARO is the flagship. The basin is the platform.
Every signal starts in one place — 684,158 WCSB wells, modeled individually from satellite imagery, the public regulatory record, and operator filings. A defensible ARO is the flagship of that spine. The same per-well graph powers a widening surface of basin intelligence:
- Basin M&A & deal analytics
- Every disclosed WCSB deal — multiples, roll-up arc maps, and registry reconciliation.
- Ownership & operator intelligence
- Lineage-traced ownership and consolidation patterns across the basin.
- …and a widening set of lenses
- New capabilities ship continuously on the same spine.
Imagery & data
- Sentinel-2 L2A
- Microsoft Planetary Computer
- Petrinex
- AER · BCER · SK ER public record
Methodology & standards
- AER Directive 011
- OSFI B-15
- IFRS ARO (IAS 37)
- LMR / LLR
Built for everyone with a stake in reclamation.
One satellite-verified source of truth — from the desks that finance the assets, to the operators who carry the obligation, to the firms doing the reclamation on the ground.
- Lenders & banks
- ARO-adjusted PV10 and covenant monitoring for the borrowing base, with live deal context across the book.
- Private equity
- Diligence ARO in hours, plus deal comps and roll-up benchmarking from every disclosed basin transaction.
- Operators
- A defensible ARO for reserve reporting; closure obligations tracked as they move.
- Reclamation firms
- Independent, satellite-verified evidence of recovery between site visits.
The land keeps its own record. We read it from orbit.
Plain-language explainers on ARO, LMR, and recovery.
June 2026 · 6 min read
How satellites measure land recovery on reclaimed well sites
You can't reclaim what you can't measure. Here's how 10-metre satellite imagery turns a disturbed lease into an objective, repeatable recovery score.
ReadJune 2026 · 6 min read
LMR and liability management in Alberta oil & gas
A single ratio can constrain an operator's ability to transfer assets, trigger security demands, and shape a lender's covenant package. Here's how it works.
ReadJune 2026 · 5 min read
What is an Asset Retirement Obligation (ARO)?
The future cost to abandon a well and reclaim the land has moved from an accounting footnote to a number that credit committees, auditors, and regulators all want defended.
ReadFAQ
Common questions.
What is Meridian?
Meridian is a satellite-based reclamation-risk platform for energy lenders and investors. It scores how far oil and gas well sites have recovered, pairs each site with a dynamic, auditable asset-retirement-obligation (ARO) estimate, and monitors liability covenants — turning abandonment liability into a number you can defend.
What is an asset retirement obligation (ARO)?
An asset retirement obligation (ARO) is the estimated future cost to abandon a well, decommission its facilities, and reclaim the land back to a regulated standard. For lenders and private-equity buyers it is a core credit-risk input — and historically one of the most disputed lines in a model. Meridian produces a per-site ARO estimate that updates as ground conditions and cost drivers change.
How does Meridian score land recovery?
Meridian derives a 0–100 recovery score from 10-metre multispectral satellite imagery (Sentinel-2) using a documented, rules-based composite of vegetation, moisture, and bare-soil indices. The method is interpretable by design: every score traces back to an observation and a rule, so it can be defended in a redetermination and reconciled with a regulator's numbers — not a black-box machine-learning output.
What is LMR (Liability Management Rating)?
Liability Management Rating (LMR) is a regulatory ratio comparing a licensee's deemed assets to its deemed liabilities; in Alberta it is administered by the regulator and can constrain transfers and trigger security demands. Meridian monitors LMR and decommissioning-reserve covenants across a portfolio so a breach is caught early rather than at the next file review.
What satellite data does Meridian use?
Meridian is built on free, frequent Sentinel-2 imagery — 10-metre resolution with roughly a five-day revisit — so coverage is portfolio-wide from day one with no per-site data bill. Higher-resolution commercial imagery can be layered in where a site warrants it.
Who is Meridian for?
Meridian serves everyone with a stake in reclamation: reserve-based lenders and banks, private equity and private capital, oil and gas operators and producers, and the environmental and reclamation firms doing the work on the ground. Lenders and investors use it for ARO-adjusted valuation, covenant monitoring, and diligence; operators use it to plan abandonment spend and report a defensible ARO; reclamation firms use it as independent, satellite-verified evidence of recovery.
Where does Meridian provide coverage?
Meridian covers Western Canada today — Alberta, British Columbia, Saskatchewan, and Manitoba — across more than 684,000 well sites, with expansion to additional North American energy basins planned.
See your portfolio scored.
Meridian is onboarding a small number of design partners — across lenders, investors, operators, and the firms doing the reclamation. Request access and we’ll walk your assets through a satellite-verified reclamation-risk view.