Home/Tag: ARO

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

Tags: , , |

ARO Workshop and an Introduction to XI’s ARO Cost Model

As the industry leader in A&D and liability analysis software, XI Technologies is excited to announce a workshop to introduce the latest tool to compliment our powerful LLR Analysis Module:  ARO Cost Model Workshop: ARO vs. LLR – Getting past common government regulator oversights to understand liability costs Estimating retirement obligation liability for a

New Data for ARO

NOW LIVE: AssetBook now contains 5 new field names to assist with your ARO calculations, making it easier to determine risk when evaluating a group of wells: Inactive Well Risk Class Inactive Well in Compliance Non-Compliance Details Next Inspection Date Last Volumetric Activity (Be sure to check your hidden columns for these new features)  Well summary

Tags: , , |

Check us out in the BOE!

"Your one stop shop for LLR & ARO" This week XI was featured in the BOE Report, check out the article by clicking the link above.

Tags: , |