ARO

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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

How to search for LMR Security Deposit refunds in AssetBook

The Alberta Energy Regulator runs a Liability Management Rating (LMR) program. Under AER Directive 006, companies whose Licensee Liability Rating (LLR) – the ratio of deemed assets to deemed liabilities – is below 1.0 must submit an LMR Security Deposit. Over time, company positions and ownership can change and render these deposits unnecessary. But

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

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

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