Abandonment and Reclamation

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Word to the Wise: Roundtable on ARO emphasizes need for standardized approach to liability valuation

Following is a summary of key points expressed during XI's April 18 Roundtable on Asset Retirement Obligations.   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

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