For our Word to the Wise this week, we’ve done some digging into XI’s enhanced drilling database to look at this trend for longer laterals. Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise delivered directly to your inbox, subscribe here. Players in the Montney continue to test the boundaries of horizontal … [Read more...]
XI Technologies: Decommissioning could be an opportunity for E&Ps and service companies alike
Many thanks to the Petroleum Services Association of Canada (PSAC) for the visuals in this article. Each week, XI Technologies scans for industry data, trends, and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here During last week’s PSAC Midyear Update Luncheon petroleum industry writer, energy policy analyst, and consultant, David Yager, presented recent PSAC (Petroleum Services … [Read more...]
XI Technologies: Most common drill problems in the most prominent drilling areas.
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. It’s no secret that drilling activity has slowed in the WCSB. But there is still activity, and much of it is centered on the sometimes higher-cost, higher-risk regions of Southeast BC, Grande Prairie, Peace River, and Central … [Read more...]
XI Technologies: Roundtable on ARO emphasizes need for standardized approach to liability valuation
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Last Thursday, April 18, XI Technologies had the honour to host more than 150 Canadian oil and gas senior leaders for a roundtable discussion on abandonment and reclamation liabilities. Panelists representing E&P operators, … [Read more...]
XI Technologies: Could we have seen the 2014 downturn coming?
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Last week, XI’s Word to the Wise article looked at how much our industry has consolidated since the downturn began in late 2014. This week’s article was to be a “Part 2” of that, focusing on the change in the volume of Crown land … [Read more...]
Last day to request your invitation to “Doing business after Redwater: A senior leaders’ roundtable on ARO”
XI Technologies Inc., a leader in data-driven oil and gas business solutions, will host an executive roundtable on April 18, 2019, at Calgary Petroleum Club. An expert panel will discuss the issues and business implications of the Supreme Court’s Redwater ruling, and what we can expect in the future. Panelists will include representatives from the areas of banking, legal, receivership, and accounting. This is an invitation-only event for senior leaders of oil and gas producers and trusts, … [Read more...]
XI Technologies: How much did our industry consolidate between 2014 and 2018?
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Industry consolidation is a natural occurrence in any downturn, and this is certainly not the first time Canada’s oil and gas sector has experienced it. Some weaker players fail and disappear. Juniors and mids merge to combine their … [Read more...]
Doing business after Redwater: A senior leaders’ roundtable on the business implications of abandonment & reclamation liabilities
Energy liability cases like Redwater and Sequoia are changing the way Canadian E&P companies access capital, evaluate deals, and manage asset retirement obligations (ARO). XI Technologies Inc., a leader in data-driven oil and gas business solutions, will host an executive roundtable on April 18, 2019, at Calgary Petroleum Club. XI has assembled an expert panel to discuss the issues and business implications already evident after the Supreme Court’s Redwater ruling, and what we can … [Read more...]
XI Technologies: Managing drilling risks and non-productive time requires more insight than current public data can offer.
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. To manage drilling risk and reduce non‐productive time (NPT), you need to be aware of past problems. A major circulation loss on a single well can negate the efficiency gains of an entire drill program, and cost your … [Read more...]
XI Technologies: Using technology to streamline energy liability management
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Environmental liability management is one of the most challenging issues facing our industry right now – second only to increased access to tidewater and international markets. We remain optimistic that common sense will prevail, … [Read more...]
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