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: H2S Compliance Blueprint: Data, Expertise, and Regulatory Readiness

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 the ever-changing world of the oil and gas industry, regulatory compliance is a constant. Tackling H2S release rate compliance can often be a bit of a puzzle in the world of well licensing and planning. We asked an industry expert to help provide some insights into what it takes to satisfy [Read more]

XI Technologies: M&A Snapshot – Tourmaline Oil acquires Bonavista Energy

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.  Tourmaline Oil Corp (Tourmaline) has announced that it is acquiring Bonavista Energy Corporation (Bonavista) for $1.45 billion. When assessing this transaction through different lenses using AssetSuite software tools, we look at each company’s asset profile, plus the combined entity, to gain [Read more]

XI Technologies: Smoky Area 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 recent transaction between Peyto and Repsol, we thought we would look at another Deep Basin field that has several upcoming land expiries: Smoky.  Geographically, the Smoky Field sits mainly in the SW side of the Grande Prairie region. While the Grande Prairie Region primarily [Read more]

XI Technologies: Strathcona Resources Acquires Pipestone Energy

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 contentious vote, Pipestone Energy Corp (Pipestone) shareholders ultimately approved the deal to be acquired by Strathcona Resources Ltd. (Strathcona). Strathcona will now operate as the 5th largest oil producer in Canada, with a reported pro forma production of approximately 180,000 BOE/day, [Read more]

XI Technologies: Top 10 Operators: New Well Production in First Half of 2023

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 Word to the Wise in your inbox, subscribe here.   Twice a year, XI Technologies reaches into the public data stored in its applications to highlight the top companies who achieved the most successful production from new wells.   To compare these results against previous years, check out [Read more]

XI Technologies: What Do Tax Pools Have To Do with M&A?

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.  Over the past five years, the oil and gas industry experienced a (less than) perfect storm. Through the COVID-19 pandemic, the industry saw record oil price volatility and, for brief periods, negative pricing. As the world hunkered down to weather the storm, so did the industry. Survival became the [Read more]

XI Technologies Inc: Abandonment and Reclamation Spending for 2023

Each week, XI Technologies (“XI”) 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.  As we slowly approach the end of the year, we took the opportunity to review the progress on reducing liabilities within the Western Canadian Sedimentary Basin (WCSB) up to the end of June 2023.    XI conducted an analysis of liability values and reclamation totals with the aim of obtaining [Read more]

XI Technologies: M&A Snapshot – Peyto Exploration & Development Corp. Acquires Repsol Canada Energy Partnership

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]