XI Technologies

In the dynamic world of energy investment, information is not just power—it's profit. Every investor decision, whether in oil, gas, or a related sector, hinges on having access to accurate and timely data. This is especially true for those eyeing Alberta's energy landscape, a key player in North America’s energy sector. Recently, Alberta's Energy Regulator (AER) made a groundbreaking step by releasing Natural Gas Liquids (NGL) data, a move poised to revolutionize investment strategies and [Read more]

With an ever-growing focus on clean-up within the oil and gas sector, it’s time to take our annual look back on liabilities reduction work across the Western Canadian Sedimentary Basin (WCSB). XI Technologies conducted an analysis of liability values and reclamation totals, comparing activity from 2022 to 2023, with the aim of obtaining a comprehensive overview of the status of oil and gas liabilities as of December 31, 2023. Liabilities Value The following information was compiled using [Read more]

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]

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]

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]

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]

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]

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]