The issue of Licensee liability in Alberta’s oil and gas sector has been an evolving one for many years. The Alberta Energy Regulator (AER) introduced changes to the Licensee Liability Rating (LLR) from 2013 through 2015, and then again in 2016. Further changes are expected in 2018, as is the ruling on the Redwater Energy Corp. (Redwater) case which will determine the degree of liability that must be assumed by receivers of defunct companies. No matter which way Canada’s Supreme Court rules, [Read more]
Celebrating Canadian E&P accomplishments in the last year
With news headlines dominated by pipeline power struggles, a lingering lower-for-longer sentiment, and of course the media circus to the south of us, it’s easy to assume that 2017 was a year that didn’t yield a lot of progress for Canada’s E&P energy sector. While 2017 certainly brought challenges, a look back at the data shows that a lot of good work was done by a Canadian E&P sector that simply refuses to say “uncle”. At XI Technologies we believe in the power of data to enlighten [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]
Free Info Session: How to find the best acquisition, merger or new business opportunities to support your company’s 2018 growth plans
Commodity prices, Crown land sale results, and an abundance of capital waiting on the sidelines for the right opportunity are among the signs that momentum is building toward growth and increased activity in the WCSB for 2018. Are you ready to be a part of it? XI Technologies (XI) is pleased to announce a free info session which will take place Thursday, December 14, 2017. The session will focus on workflows and tools within XI’s AssetBook that can help operators to research, screen and [Read more]
TourXchange continues to grow, adding 4,619 wells since September
Canada’s largest and most comprehensive drilling research database now serves up data and insights for nearly 160,000 wells across the WCSB Calgary, AB, November 29, 2017 – Calgary data and software company XI Technologies Inc. announced today that their innovative drilling data share project, TourXchange (pronounced “tower exchange”), has grown by 4,619 wells since September 2017 and now includes digital well tour data for 158,719 wells. The enhanced drilling data in TourXchange coupled [Read more]
XI Technologies whitepaper cautions against using LLR to estimate ARO
Calgary, AB, November 28, 2017 – Calgary-based oil and gas data and software company XI Technologies Inc. has published a whitepaper outlining 5 key reasons why Alberta Energy Regulator’s (AER’s) Licensee Liability Rating (LLR) should not be used to estimate long-range Asset Retirement Obligation (ARO) for Alberta operating and non-operating oil and gas companies. Initially created in the early 2000s, LLR was never designed to be used for estimating ARO. Doing so could lead companies to overlook [Read more]
XI’s Offset Analyst Workshop: Well Planning – Thursday, November 30
Better research in less time to produce better results. The best tool for drill planning is the knowledge gained from past wells drilled. Instead of chasing drilling records and scouring PDFs for offset data, utilize one-click access to digitized drilling records. Learn to extend your list of offsets using Offset Analyst and reduce your well programming time by up to 40%. XI is hosting a complimentary workshop to walk you through the well planning process using Offset Analyst. Space is [Read more]
XI’s Surface Casing & Regulatory Workshop – Thursday, November 23
XI Technologies will present a complimentary workshop Thursday, November 23, on the most efficient and effective workflows to satisfy regulatory obligations under AER Directive 008: Surface Casing Depth Requirements. Nick Chomack of XI Technologies’ Drilling Division will provide an overview of XI’s Surface Casing Report, a web app that draws on a compilation of data sources and allows users to easily search for all pressures/gradients in a particular area. The software then guides users [Read more]
What crown land sales can tell us about the state of the industry
Presented by: Jim Eistetter of Seaton-Jordan & Associates Tuesday, October 24 – complimentary workshop Jim Eistetter, President of Seaton-Jordan & Associates will highlight active areas and plays using XI data. Mr. Eistetter will provide a market analysis comparing 2016 to 2017 Crown land sale results, with a focus on Alberta. He'll address how current market conditions are affecting land sales and provide insight into how Seaton-Jordan is expecting trends to unfold in the near [Read more]