XI Technologies

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]

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]

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]

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]

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]

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]

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 a move that other western Canadian provinces will be watching and likely echoing, the BC Oil and Gas Commission (the Commission) has announced the Dormancy and Shutdown Regulation and Comprehensive Liability Management Plan (CLMP) [Read more]

Whether it’s for financial reporting or bank credit redetermination, operators across the WSCB are finding they need to pay closer attention to how they evaluate, make decisions, and report on asset retirement obligations, or ARO. XI Technologies has addressed the stumbling blogs, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO Manager software. The most recent AssetBook ARO Manager includes a handy Project Overview Report which instantly [Read more]

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.  Redetermination of bank credit facilities is an annual or semi-annual exercise that almost all E&P companies have become used to. While credit redeterminations can involve reviewing a range of financial information, until a [Read more]

This year’s severe winter may have pushed Spring Break-up a little later, but for those who manage drilling programs one thing that can’t be pushed is drilling lookbacks. This week, we’re looking at the three most common barriers to effective drill program evaluation. 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 [Read more]