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. Every few months, we like to take a look 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 [Read more]
XI Technologies: How the scheduling and discounting of liabilities affects end of life cost estimates
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. For the past month, our Wednesday Word to the Wise series has focused on various reasons why the AER’S LLR deemed liability values may not provide an accurate assessment of the actual end of life costs of an oil and gas asset. This [Read more]
XI Technologies: How working interest can affect the accuracy of LLR and ARO estimates
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. For the past month, our Wednesday Word to the Wise series has focused on various reasons why the AER’S LLR deemed liability values may not provide an accurate assessment of ARO. This week, our fourth article on the subject will [Read more]
XI Technologies: Over-licensed facilities can affect your licensee liability rating and ARO
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. Welcome to the third in our series of articles highlighting why the AER’S LLR deemed liability values may not provide an accurate assessment of true end of life liability costs, or Asset Retirement Obligations (ARO). Many assume [Read more]
XI Technologies: Understanding the reclamation cost discrepancies between LLR and ARO
Today, let’s look at how well reclamation costs are typically the largest discrepancy between deemed liability values and ARO costs. 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. As discussed in last week’s post, the AER’s Licensee Liability Rating (LLR) Directive 011 deemed [Read more]
XI Technologies: Why using LLR can cause inaccurate abandonment cost estimates
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. The Alberta Energy Regulator’s Licensee Liability Rating (LLR) Directive 011 deemed liability values are the most commonly accepted measure of asset retirement obligation (ARO) in Alberta. Unfortunately, as we at XI Technologies [Read more]
XI Technologies: Adopting a Well Data Management Approach for Liabilities
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. Following the Supreme Court of Canada Redwater decision in January in favour of the AER and Orphan Well Association, producers must change the way they manage liability regarding end-of-life obligations. These changes are necessary [Read more]
XI Technologies: July 2019 Expiring Land Report – Are there opportunities for you?
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. Every few months, we like to take a look expiring land. According to AssetBook data, these are the top 25 companies with expiring lands over the next 12 months. From this data, AssetBook allows you to easily identify and rank [Read more]
XI Technologies: Alberta’s Inactive Well Compliance Program is having the desired effect, decreasing non-compliant well counts by nearly 40 per cent
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. In its first four years, the Inactive Well Compliance Program (IWCP) under AER Directive 013, decreased the number of non-compliant inactive wells in the province from 25,808 on April 1, 2015, to 15,628 as of yesterday, July 2, [Read more]
BC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years – XI Technologies video
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. This week, we have created a video that looks at the financial impact of abandonment legislation on BC operators. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. The announcement of new Dormancy and Shutdown Regulation and Comprehensive Liability Management Plan (CLMP) legislation, [Read more]
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