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’ve dug into our drilling data to give you our biannual Drilling Top Tens. If you'd like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. Canada’s energy industry is not only the most carefully managed, regulated, and environmentally responsible in the world, it’s also one of the [Read more]
XI Technologies: Can corporate ARO affect your liability insurance premiums?
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’s article is by XI’s QA and Support Specialist, Kathy, who also happens to hold a Certified Insurance Professional designation. If you'd like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. As discussed in a recent XI Blog, many sources within our industry are telling us that [Read more]
XI Technologies: Lack of critical mass could drive Junior divestitures in 2019
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here A recent article announcing the offering of a corporate/asset divestiture by Wolf Coulee Resources Inc. may be a sign of things to come as the Canadian oil and gas industry continues to adjust to difficult market conditions. As [Read more]
XI Technologies: How to solve the problem of incomplete STICK diagram information
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here. In 2018, the Alberta Energy Regulator (AER) published a list of the “Five Most Common Noncompliances in Ten Inspection Categories”. The #1 issue for the Drilling Category was: “STICK Diagram does not contain all the required [Read more]
XI Technologies: Considering some potential impacts of the Redwater decision
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here No matter which way Canada’s Supreme Court rules, in the post-Redwater world it will be essential for E&P companies, lenders, and other investors to have an early and realistic estimate of the asset retirement obligation (ARO) [Read more]
XI Technologies: How drilling contractors can dig deeper to win more business
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here Oil price volatility since 2014 has had a tremendous impact on drilling activity and drilling contractors across the WCSB. The Canadian Association of Drilling Contractors (CAODC) drilling forecast for 2019 continues to project [Read more]
XI Technologies: New estimate pegs oil and gas liabilities at over $59 billion for western provinces
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here XI Technologies Inc. recently performed an analysis of provincial oil and gas liabilities for Alberta, Saskatchewan, and British Columbia and the numbers might surprise some. The analysis was performed by XI’s data specialists [Read more]
XI Technologies: As many as 239 E&P companies could boost cashflow by almost $0.94/BOE. Is yours one of them?
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 Wednesday Word to the Wise delivered directly to your inbox,subscribe here. In a recent article, XI Technologies showed how as many as 239 Alberta E&P companies could be eligible for a refund of their LMR security deposit. Contact us to find out if your company is one of them.In this article we’ll [Read more]
XI Technologies: Alberta production curtailment could have unintended negative impacts for smaller producers.
Alberta’s mandatory production curtailment includes an exemption for the first 10,000 barrels of oil produced. This measure was intended to protect some smaller producers, but will it really protect them? Under the terms of the curtailment order, small companies with non-operated production could be vulnerable to the shut-in requirements and decisions of their larger working interest partners. XI’s AssetBook makes it simple and quick to review risk potential for small producers, and equally [Read more]
Analysis of LMR data shows Alberta licensees may be entitled to millions in LMR Security Deposit refunds
XI Technologies has performed a quick analysis of potential LMR Security Deposit refunds and the results might surprise you. As most people in the oil and gas industry are aware, the Alberta Energy Regulator runs a Liability Management Rating (LMR) program. Under AER Directive 006, companies whose Licensee Liability Rating (LLR) – the ratio of deemed assets to deemed liabilities – is below 1.0 must submit an LMR Security Deposit. Over time, company positions and ownership can change and [Read more]
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