Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. After a slower summer, late August and September are heating up for M&A deals. On September 6th, 2023, Peyto Exploration and Development Corp (“Peyto”) announced its partnership interest purchase agreement to acquire Repsol Canada Energy Partnership (“Repsol”) for US $468 million. When [Read more]
XI Technologies: Why “More Data” is Key for ARO Tracking & Reporting
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. Oil & gas companies are renowned for using large amounts of data in their search for treasures below the surface. So why is liability tracking from a financial perspective not receiving the same data-driven attention? The need for “more data” is apparent whenever the federal and provincial [Read more]
XI Technologies: Why ARO Reporting Has Become Too Big for Spreadsheets
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. “Why would I buy software to manage my ARO when I have a spreadsheet for that?” We hear things like this a lot. And at first glance, it’s easy to understand why. Spreadsheets are easy-to-use, highly customizable, and come at no additional cost to most companies. However, as end-of-life [Read more]
XI Technologies: Challenges for Operators in Achieving H2S Regulatory Compliance
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. Regulatory bodies have long been a prominent leader in protecting public safety while supporting the responsible management of oil and gas resources. Depending on the viewpoint and context, you’ll find ranging opinions throughout industry with respect to the difficulties adhering to the rules and [Read more]
XI Technologies: Sour Gas Hot Spots
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. In Alberta, prior to commencing drilling operations, operators are required to submit an H2S Release Rate Assessment to the Alberta Energy Regulator (AER), as outlined in Directive 056. This week, we have the opportunity to utilize our data to effectively emphasize the significance of thorough due [Read more]
XI Technologies: LLR, M&A, and H2S Sour Gas – our Top 3 Articles of the past year
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. During this quieter August, XI has taken the opportunity to look back over the past year to see which articles generated the most interest from our readers. Here are the Top 3: 1. Why LLR Still Matters The first blog that resonated with our audience was our discussion on why LLR still matters. [Read more]
XI Technologies: August Expiring Lands Report
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. XI Technologies looks at expiring land to provide useful business development intel for service companies and exploration and production (E&P) companies alike. For service companies, expiring lands provide insight into where drilling activity is most likely to occur in the coming months, and [Read more]
XI Technologies: Why “more data” is key to managing company liabilities
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. Oil & gas companies are renowned for using large amounts of data in their search for treasures below the surface. So why is liability tracking not receiving the same data-driven attention? This became apparent in early 2020 when the federal and provincial governments announced available [Read more]
XI Technologies: Heritage Field Overview
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. Given the popularity of our regional analysis, we thought we’d take a look at one of the more prolific fields in the Western Canadian Sedimentary Basin (WCSB): Heritage has 11% of the production coming from the WCSB. It sits among the top 10 fields, making up 59% of the production, with the other [Read more]
XI Technologies: Why data isn’t enough for the pre-licensing and drill planning process
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. To complete the applications necessary for regulatory approval of new drills (such as Directive 056 and Directive 008), it is essential to have the correct data. Whether you gather that data manually or have it provided from a service, the pre-licensing application process demands that operators rely [Read more]
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