Each week, XI Technologies scans its 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 Word to the Wise in your inbox, subscribe here. In 2020, the Alberta Government introduced the Site Rehabilitation Program, providing grants to oil field service contractors to perform well, pipeline, and oil and gas site closures and reclamation work. The goals for the program were to [Read more]
Get ready for drilling season with simplified licensing and research
Forecasts say we’re in for one of the busiest drilling seasons in several years. As companies look to capitalize on strong commodity prices, they’re adding drills and acquiring new assets to grow their capacity. A successful drilling program starts before bits begin to break ground. XI Technologies helps expedite everything with software applications that simplify the pre-drill licensing process and accelerate research. Pre-drill licensing To get a drilling license, operators must provide [Read more]
XI Technologies: Operator Top 10s — New well production 2022
Each week, XI Technologies scans their industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive XI’s Word to the Wise in your inbox, subscribe here. In March, we presented our annual top ten lists for new well production, charting which companies had the most successful production from new wells in 2021. 2021 represented an upturn in our industry, with 2022 continuing the positive developments from the year before. [Read more]
XI Technologies: M&A Snapshot – Strathcona Resources Ltd. and Serafina Energy Ltd.
Each week, XI Technologies scans its 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 Word to the Wise in your inbox, subscribe here. Early in August, it was announced that private equity owned Strathcona Resources Ltd (“Strathcona”) was purchasing privately owned Serafina Energy Ltd. (“Serafina”) for C2.3 billion. Little has been reported on this acquisition other than the [Read more]
XI Technologies: September 2022 Alberta Expiring Land Report
Each week, XI Technologies scans its 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 Word to the Wise in your inbox, subscribe here. XI Technologies looks at expiring land because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where drilling activity is most likely to occur [Read more]
XI Technologies: Why data balance is the key to a successful drill plan
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 Word to the Wise in your inbox, subscribe here. When planning a drilling program, the information gathering phase is critical to the success of the drilling project. Before a bit can break ground, you need to have an estimated drill time, an approach to take to setting kickoff point, a [Read more]
XI Technologies: Why LLR still matters
Each week, XI Technologies scans its 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. For years, the oil and gas industry in the WCSB relied on Licensee Liability Ratings (LLR) and Licensee Management Rating (LMR) to assess potential liability risks in the A&D scoping process. Recent changes to regulations in [Read more]
XI Technologies: Mapping Alberta’s sour gas for H2S release rate assessments
Each week, XI Technologies scans its 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. Before a well can be drilled in Alberta, operators must submit an H2S Release Rate Assessment to the Alberta Energy Regulator (AER) in accordance with Directive 056. This week, we’ll use our data to help illustrate the importance of [Read more]
XI Technologies: M&A Snapshot – Tourmaline Oil Corp and Rising Star Resources Ltd.
Each week, XI Technologies scans its 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. Interesting and strategic Merger and Acquisitions activity continues in premier plays in Alberta, helping to reshape the WCSB. On July 27, Tourmaline Oil Corporation (“Tourmaline”) announced their acquisition of Rising Star Resources [Read more]
Why ARO Reporting has become too big for spreadsheets
“Why would I buy software to manage my ARO when I have a spreadsheet for that?” We hear things like this a lot. And at first glance, it’s easy to understand why. Spreadsheets are easy-to-use, highly customizable, and come at no additional cost to most companies. However, as end-of-life closure activities and obligations have grown in importance and complexity, managing an Asset Retirement Obligations (ARO) program through spreadsheets comes at a hidden cost. The initial benefits of [Read more]
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