In the fast-paced world of business where decisions are often made in the blink of an eye, accurate and efficient cost modeling is essential for sustainable growth and success. As energy producers strive to stay competitive, they must be smart with liabilities management. Asset retirement obligations (ARO) are managed best when data is consolidated, and robust cost modeling provides options for strategic investment. Today we explore the benefits of using a database for ARO cost modeling and [Read more]
XI Technologies: The Data Dilemma – Streamlining Liabilities in the Oil & Gas Industry
In the fast-paced and dynamic world of the oil and gas industry, companies face a constant challenge: managing and optimizing vast amounts of data while mitigating liabilities. The sheer volume and complexity of data can lead to a dilemma for organizations seeking to strike a balance between operational efficiency and compliance. The data dilemma in the oil and gas sector requires strategies to streamline liabilities through effective data management. The Data Dilemma in Oil and Gas: The [Read more]
XI Technologies: Fueling the Frontier – Canada’s Top 10 Producers of 2023
Twice a year, XI Technologies reaches into the public data stored in its applications to highlight the top companies who achieved the most successful production from new wells. To compare these results against previous years, check out our Production Top 10s blog history. Top Operators For "Productive" Drilling More important than the number of wells drilled, is the production achieved with those wells. Canadian Natural Resources Limited (CNRL) ranked first in 2023, followed by [Read more]
XI Technologies: H2S Success
In Alberta, prior to commencing drilling operations, operators are required to submit an H2S Release Rate Assessment to the Alberta Energy Regulator (AER), as outlined in Directive 056. The industry has the opportunity to utilize data for thorough due diligence, not only to ensure compliance but also to prioritize the safety and well-being of the public. The AER lays out requirements for an H2S release rate assessment in Section 7.7.15 of Directive 056: Energy Development Applications, [Read more]
XI Technologies: ARO – What’s Really Under The Sheets?
Is love in the air this Valentine's Day? Let's take a moment to examine a relationship that might not be as picture-perfect as it seems – the one between spreadsheets and Asset Retirement Obligations (ARO). While spreadsheets have long been the sweetheart of financial modeling, their shortcomings in managing the intricate dance of ARO can leave businesses heartbroken. In this article we unveil the hidden flaws beneath the sheets and explore why database software makes for a more reliable and [Read more]
XI Technologies: Canadian Oil and Gas SWOT for Acquisition and Divestiture
In the dynamic landscape of Canada's oil and gas sector, doing a strategic assessment of strengths, weaknesses, opportunities, and threats (SWOT) provides a crucial framework for acquisition and divestiture decisions. As we look back on the past year of industry news, several key factors emerge that, combined, exert significant influence on the direction and outcomes of future A&D endeavors. From climate policies shaping regulatory landscapes to market volatility dictating investment [Read more]
XI Technologies: LCA and Transparency (Part 2) – Inventory Reduction Program and Security
In Mid-November last year, XI Technologies Inc. (XI) co-hosted a talk in conjunction with Burnet, Duckworth & Palmer LLP (BDP Law) at a Petroleum Acquisition & Divestment Association (PADA) breakfast about the AER’s new Directive 88. After an overview from BDP Law and an excellent discussion on how the directive was currently affecting the deal space, we presented ways to reverse-engineer the directive using public data to allow for a look behind the “black box” on the licensee [Read more]
XI Technologies: Decoding Emission Trends – A Peek into Alberta’s Oil and Gas Sector
The oil and gas sector has long been a focal point in the global conversation on climate change, and governments are increasingly taking steps to regulate and reduce emissions. Recently, the Canadian Federal Government unveiled its proposed regulatory framework aimed at capping emissions in the oil and gas sector, with the ambitious goal of achieving net-zero emissions by 2050. In early January 2024, the AER published their updated Methane-Emissions package, including an updated Upstream [Read more]
XI Technologies Word To The Wise: Tax Pools Part 2: Evaluating 2023 Acquisitions Through a Tax Lens
In September 2023 XI Technologies released a white paper on tax pools titled The Tax Man Cometh - How Strategic Acquisitions Can Help Your Tax Issues. It was one of the highest downloaded papers in XI’s history, so naturally we wanted to dive deeper into the topic of taxes. Clearly the topic resonates. A rejuvenated market has led to increased tax obligations, resulting in a renewed interest in finding financially advantageous tax pools. Here are some key reasons why tax pools are [Read more]
XI Technologies Word to the Wise: How Data Validation Elevates Pre-Licensing and Drill Planning: A Comprehensive Approach to Regulatory Compliance.
To complete the applications necessary for regulatory approval of new drills (such as Directive 056 and Directive 008), it is essential to have the correct data. Whether you gather that data manually or have it provided from a service, regulators demand that operators rely on several sources of historical records throughout the pre-licensing application process for their assessments. Historical records, such as gas analyses, pressure tests, leak-off tests, historical casing depths, and field [Read more]
- 1
- 2
- 3
- …
- 31
- Next Page »