BOE Report

XI Technologies

XI Technologies is a leading data and software company, primarily focused on A&D research and drilling and completion programs.

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]

XI Technologies: August 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 Wednesday 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 [Read more]

XI Technologies: Increased mandatory closure spend targets reflect industry commitment to addressing liabilities

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.  When the Alberta Energy Regulator (AER) released the new Liability Management Framework (LMF) in December of 2021 with Directive 088, it came with industry-wide mandatory closure targets. The goal of these closure spend targets is to [Read more]

XI Technologies: Provost area overview

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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here. This week for our area overview, we’re covering one of Canada’s largest, historic conventional gas fields, the Provost. Discovered in 1946 and located in east-central Alberta, this once predominantly gas field is now producing 78% [Read more]