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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

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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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

More LLR Updates! Addition of EDTC Code in LLR Module

The AER has implemented some "temporary" changes regarding liability values in the LMR calculations. There are a number of facilities, based on their type or EDTC code, that have had  their liability cost eliminated. XI's LLR module has been updated to reflect these discounts and we have also added a column indicating the EDTC

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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

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