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 the world begins to carefully re-open in response to improving COVID-19 numbers and successful social distancing measures, the focus for the oil and gas industry starts to shift from survival to opportunity. While commodity pricing [Read more]
XI Technologies: Open Asset Evaluation for June 2020
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 this month, XI will examine the property sale by TimberRock Energy. On May 6, 2020 and updated May 20, 2020, TimberRock Energy posted a 100% working interest sales/farmout or other negotiated deal on 98,763 acres of land in Grande [Read more]
XI Technologies: How service companies can best compete for contracts
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. The Canadian oil and gas industry focus on abandonment, remediation and reclamation work has created a competitive environment for service and supply companies in this space. With the focus of federal funding allotments to the [Read more]
XI Technologies: Why now is the right time to tackle ARO
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. At XI Technologies, we may be a little biased when it comes to the importance of staying on top of your Asset Retirement Obligations (ARO) and thus think it’s always a good time to tackle your liabilities. However, there are specific [Read more]
XI Technologies: How to use drilling data when you can’t drill
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. The combined challenges of social distancing and reduced demand for oil and gas have resulted in a drastic reduction in rig counts throughout the WCSB. As a drilling data provider, this leads us to the obvious question: what role does [Read more]
XI Technologies: Open Asset Evaluation for May 2020
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. Succeeding in oil and gas M&A comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense of [Read more]
XI Technologies: how producers can capitalize on Alberta’s Site Rehabilitation Program
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. The various efforts of both the provincial and federal government to assist the industry as it struggles through the dual challenges of COVID-19 and catastrophic commodity pricing have largely been focused on liability retirements for [Read more]
XI Technologies: A time to come together before we can be together
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. This week, XI’s Vice-President of Business Development, Jennifer Baerg, wanted to share her thoughts on the current situation in our industry. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. This is our 68th weekly “Wednesday Word to the Wise” and for the first time since we [Read more]
XI Technologies: Why knowing your working interest partners is more important than ever
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 the increased focus on assets involved in the Orphan Well Association (OWA) due to Bill 12 and the $100 million Alberta Government loan, as well as a legitimate concern that more producers will become insolvent in the months to [Read more]
XI Technologies: Bill 12 just passed – what you need to know
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. On Thursday, April 2, 2020, Bill 12: Liabilities Management Statutes Amendment Act, passed the third reading in the Alberta Legislature. The Bill will enable the Orphan Well Association (OWA) to better manage and accelerate the [Read more]
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