Spreadsheets are easy-to-use, highly customizable, and come at no additional cost to most companies, so it is easy to see why they have become the default tool of choice for maintaining asset retirement obligations (ARO). However, as end-of-life closure activities and obligations have grown in importance and complexity, managing an ARO program through spreadsheets comes at a hidden cost. The initial benefits of spreadsheets – flexibility, familiarity, and affordability – can’t overcome the [Read more]
XI Technologies: Production top tens for 2021
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 Wednesday Word to the Wise in your inbox, subscribe here. Last week, XI Technologies published top tens lists examining data from new wells to provide a snapshot of the success of recent drilling efforts. This week, we’re expanding this snapshot to look at production successes of all [Read more]
XI Technologies: Top tens for 2021: New well production
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 Wednesday Word to the Wise in your inbox, subscribe here. Once a year, XI Technologies reaches into the public data stored in its applications to chart which companies had the most successful production from new wells. 2021 was a year of recovery from a tough previous year with this data [Read more]
XI Technologies: ARO and ESG – you can’t manage what you don’t measure
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 it comes to ESG reporting, most producers know to factor in their Asset Retirement Obligations (ARO) work. ARO touches on all three aspects of ESG, from the Environmental improvements of reclaiming land to the Social aspects of [Read more]
XI Technologies: February 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: M&A Snapshot – Tenth Avenue Petroleum Corp and Avalon 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 Wednesday Word to the Wise in your inbox, subscribe here. Merger and acquisition deals in 2021 were the highest they’ve been in three years. And with oil prices expecting to average around $80-85 a barrel, it is likely this trend will continue. To help get a sense of the current state of [Read more]
Before you can ramp up drilling, you need to ramp up pre-license applications
2022 is shaping up to be the most active drilling season in years. Are you challenged by the various applications and directives necessary for obtaining drilling licenses? To get a drilling license, operators must provide accurate, validated data that meets standards set for various directives. Cutbacks in drilling departments have reduced the expertise and understanding of applying for applications, leaving some unprepared or understaffed to properly achieve compliance. RegulatorySuite [Read more]
XI Technologies: Assessing problems and mitigating risks when drill planning
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. With commodity prices rising, so is the prospect of a surge in drilling activity. As companies scope and plan their prospective drill programs, there’s a lot of factors to consider as to where/what wells to drill. In this week’s post, [Read more]
XI Technologies: Taking a comprehensive approach to A&D – land, production, liabilities, and emissions
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. Last week, our Word to the Wise covered the emerging role for emissions data in acquisitions and divestitures. As ESG investing, carbon reduction targets, liabilities, and government regulations have risen in prominence, it has become important [Read more]
XI Technologies: The role of ESG and emissions in A&D
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. As we embark on 2022, it seems as though industry talk is dominated by two subjects: increased M&A activity in response to rising commodity pricing and improved ESG (Environmental, Social, and Governance) performance in response [Read more]
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