News & Events – XI Technologies

Case Study Presentation: Why you need to incorporate ARO in your A&D analysis.

While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, reliable estimate of asset retirement obligations (ARO) as part of due diligence on merger and A&D transactions. Currently, most E&P companies rely on the deemed liability

Giving feels good! XI staff challenge benefits Calgary Food Bank

XI Technologies' staff have been actively supporting the Calgary Food Bank during the 2017 holiday food drive. As a proud member of YYC Tech Gives, a group of Calgary tech companies who come together in a cooperative effort to give back to the community, we had a team in the annual Spam Cup. In early

XI Holiday Hours 2017

XI Technologies' office will be closed from December 22 through January 1. During this time, no government tours will be processed. We'll be back in the office with full services and support on Tuesday, January 2, 2018. For those of our clients who are working during the holiday season, our XI Support elves will be

TourXchange continues to grow, adding 4,619 wells since September

Canada’s largest and most comprehensive drilling research database now serves up data and insights for nearly 160,000 wells across the WCSB XI Technologies Inc. is pleased to announced that our innovative drilling data share project, TourXchange (pronounced “tower exchange”), has grown by 4,619 wells since September 2017 and now includes digital well tour data

XI Technologies whitepaper cautions against using LLR to estimate ARO

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

Tags: A&D, abandonment, Abandonment and Reclamation, Abandonment costs, Alberta, Analyst, ARO, assetbook, AssetSuite, llr, Oil and Gas|

Introducing the ARO Cost Model!

Estimating Asset Retirement Obligation for an asset package or an entire company is a crucial aspect of scoping A&D deals. ARO has become a key part of risk management, and a disciplined retirement strategy is essential for corporate financial planning. LLR ratios and government calculated liabilities only tell half the story. Those who

Tags: ARO, assetbook, llr|

Holiday Hamper Challenge

XI has accepted YYC Tech Gives challenge to collect and raise funds to purchase Holiday Hamper content for the Calgary Food Bank! One day in to our challenge and we are at $500! This year YYC Tech gives will be purchasing/providing ALL of the food for YYCs Holiday Hampers! Talk about WOW! The Food

Tags: Bank, Food, Gives, Tech, YYC|

Word to the Wise: Adopting a WDM Approach for Liabilities

Word to the Wise: July 2019 Expiring Land Report

Word to the Wise: Alberta’s IWCP is decreasing non-compliant well counts by nearly 40 per cent