Guest Blog by Mike Newton 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
XI Technologies Inc. has published a whitepaper outlining 5 key reasons why Alberta Energy Regulator’s (AER’s) Licensee Liability Rating (LLR) should not be used to estimate long-range Asset Retirement Obligation (ARO) for Alberta operating and non-operating oil and gas companies. Initially created in the early 2000s, LLR was never designed to be used for estimating
Tuesday, January 17, 2017 We are constantly working on adding new features to all our AssetSuite products. Please join us as we welcome 2017 to review all the new features and modules added to our product suite over this past year. Presented by: Amanda Mansell - Account Manager, XI Technologies ________________________________________________________________________________ What's New in AssetBook
Ever wonder how many wells may be on a given mineral lease? Looking for opportunities to farm-in? Wonder how many facilities are operated by any given company? AssetBook now provides a count of the number of wells associated with a lease as well as a count of facilities attributed to a company. AssetBook now provides
We have amended the method of calculating the developed land on a lease with regard to horizontal wells to better represent developed versus undeveloped land. Based on current regulations, the undeveloped land will now more closely reflect the company or area holdings, to allow for better decisions to be made when doing comparisons or scoping.