“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]
XI Technologies: Provost area drilling 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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. Periodically at XI Technologies, we publish overviews of significant areas of interest in the Western Canadian Sedimentary Basin. This week, we’ll leverage XI Technologies’ drilling data to give an overview of drilling trends in the [Read more]
XI Technologies: Challenges with emissions data analysis in mergers, acquisitions, and divestitures
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 producers in the WCSB, emissions reduction planning isn’t coming; it’s here. Whether it’s driven by investors, lenders, regulators, or government initiatives, it has become necessary to deal with emissions in oil and gas [Read more]
XI Technologies: June 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: Pembina/Cardium drilling snapshot
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. In May, we published an overview of the Pembina field focusing on ownership, production history, liabilities, and emissions in the region. This week, we’ll leverage XI Technologies’ drilling data to give an overview of drilling trends [Read more]
XI Technologies: Consolidation in the WCSB
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. Industry consolidation is a common occurrence in the Western Canadian Sedimentary Basin, especially in periods of downturn such as the downturn in 2014 or the oil price crash in 2020. At XI Technologies, we periodically look at [Read more]
XI Technologies: Examining well license data to determine 2022 drilling potential
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. Last month, the Canadian Association of Energy Contractors (CAOEC) published an updated drilling forecast adjustment for 2022. Following a robust first quarter, they raised their forecast to 6,902 wells to be drilled this year, up 6.9 [Read more]
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