BOE Report

XI Technologies

XI Technologies is a leading data and software company, primarily focused on A&D research and drilling and completion programs.

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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]

XI Technologies: December 2018 Expiring Lands Report: Are there opportunities for you?

This week let's take a look at expiring lands. According to AssetBook data, these are the top 25 companies with expiring lands over the next six months. From this data, AssetBook allows you to easily identify and rank expiring lands based on the size of bonuses paid. This will help you prioritize companies who have the most money on the line and therefore may be more open to farm-in or partnership opportunities. E&Ps – could there be farm-in opportunities or land coming [Read more]

XI Analysis: Who’s the most likely buyer for Crescent Point’s Duvernay Rights Divestiture?

In yesterday’s BOE Report, Sayer Energy Advisors announced they have been engaged to assist Crescent Point with the sale of its prospective Duvernay oil rights located in the Ferrybank area of Alberta. After performing a quick analysis of these assets and the key players in the area with AssetBook, XI Technologies Inc. has identified the two most logical potential buyers. Want to know who they are? Want to learn how to easily search for farm-in opportunities on expiring land? Contact XI [Read more]

XI Technologies: Let’s celebrate drilling and development successes in the first half of 2018!

Have you heard some of the good stuff that’s happening in the world of drilling in the WCSB? Likely not. Many of us in the industry scan headlines and keep up as best we can, relying on word of mouth or glances at elevator news screens to give us the news. But while much of the broader media coverage focuses on the many challenges our industry is facing, sometimes it’s good to remember that there are some real successes happening across the WCSB. About every six months, XI Technologies delves [Read more]

What Happens to Chain of Title During Insolvencies?

Are oil and gas companies responsible for the end of life liabilities of assets they divest if the acquiring company goes bankrupt? This question has been reverberating throughout the oil and gas industry since the Redwater case first went to trial and with subsequent high-profile bankruptcies in Alberta. The fear is that companies will sell an asset to another entity that eventually goes bankrupt, and the Alberta Energy Regulator (AER) and Orphan Well Association (OWA) will come knocking on the [Read more]

Redwater will affect the way E&P’s estimate and manage Asset Retirement Obligations

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The issue of Licensee liability in Alberta’s oil and gas sector has been an evolving one for many years. The Alberta Energy Regulator (AER) introduced changes to the Licensee Liability Rating (LLR) from 2013 through 2015, and then again in 2016. Further changes are expected in 2018, as is the ruling on the Redwater Energy Corp. (Redwater) case which will determine the degree of liability that must be assumed by receivers of defunct companies. No matter which way Canada’s Supreme Court rules, [Read more]