This week's Wednesday Word to the Wise is by XI's QA and Support Specialist, Kathy, who also happens to hold a Certified Insurance Professional designation. If you'd like our Wednesday Word to the Wise delivered directly to your inbox each week, subscribe here. As discussed in a recent XI Blog, many sources within our industry are telling
This week's Wednesday Word to the Wise explores the potential for increased divestiture activity in 2019 as Canadian Juniors deal with protracted market challenges. If you'd like our Wednesday Word to the Wise delivered directly to your inbox each week, subscribe here. A recent article announcing the offering of a corporate/asset divestiture by Wolf Coulee Resources
With a Supreme Court of Canada ruling in the Redwater case anticipated this week, let’s look at what a decision one way or the other might mean for Canadian oil and gas. Each week at XI Technologies, we scan our unique combination of enhanced industry data to provide trends and insights that have value
In this week's Word to the Wise, we look at how drilling companies can differentiate themselves by their benchmarking performance against other drillers. Each week at XI Technologies, we scan our unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd
Word to the Wise: New estimate pegs oil and gas liabilities at over $59 billion for western provinces.
A number of clients have asked if we could utilize XI’s ARO Manager data and cost model to do a comparative analysis of provincial oil and gas liabilities for Alberta, Saskatchewan, and British Columbia. While we don’t currently have ARO data for mined oilsands, pipelines, or Oilfield Waste Liability (OWL) data, we do have
Word to the Wise: As many as 239 E&P companies could boost cashflow by almost $0.94/BOE. Is yours one of them?
In a recent article, XI Technologies showed that as many as 239 Alberta E&P companies could be eligible for an LMR deposit refund that would boost their cashflow. Find out if your company is one of them. Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have
Word to the Wise: Alberta production curtailment could have unintended negative impacts for smaller producers.
Alberta’s mandatory production curtailment includes an exemption for the first 10,000 barrels of oil produced. This measure was intended to protect some smaller producers, but will it really protect them? Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business
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
Abandonment and reclamation contractors - do you know how to find your next big abandonment project or client? We do. XI Technologies Inc. has created a short video demonstrating how to use AssetBook to perform a complete, 5-minute market analysis for any area in the WCSB. The analysis includes how to identify your most likely
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