Word to the Wise: What happened to the AER’s LMR report?

December 17, 2019

Have you noticed that the LMR report provided by the AER this month had a lot less information than it […]

Word to the Wise: How the scheduling and discounting of liabilities affects end of life cost estimates

August 20, 2019

Our final blog in this five part series of LLR vs ARO looks at the impact of scheduling and discounting. […]

Word to the Wise: How working interest can affect the accuracy of LLR and ARO estimates

August 13, 2019

If you operate or are looking to acquire a stake in a working interest asset, your ARO calculations might not […]

Word to the Wise: Over-licensed facilities can affect your licensee liability rating and ARO

August 6, 2019

Many assume that actual ARO will always be higher than LLR, but that isn’t always the case. Each week, XI […]

Word to the Wise: Understanding the reclamation cost discrepancies between LLR and ARO

July 30, 2019

Today, let’s look at how well reclamation costs are typically the largest discrepancy between deemed liability values and ARO costs. […]

Word to the Wise: Why using LLR can cause inaccurate abandonment cost estimates

July 23, 2019

The Alberta Energy Regulator’s Licensee Liability Rating (LLR) Directive 011 deemed liability values are the most commonly accepted measure of […]

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

April 23, 2019

Following is a summary of key points expressed during XI’s April 18 Roundtable on Asset Retirement Obligations. Each week, XI […]

Word to the Wise: As many as 239 E&P companies could boost cashflow by almost $0.94/BOE. Is yours one of them?

January 9, 2019

In a recent article, XI Technologies showed that as many as 239 Alberta E&P companies could be eligible for an LMR […]

Word to the Wise: Alberta licensees may be entitled to millions in LMR Security Deposit refunds

December 19, 2018

For this week’s Word to the Wise, we’ve performed a quick analysis of potential LMR Security Deposit refunds and the […]

Redwater will affect the way E&Ps estimate and manage Asset Retirement Obligations

May 15, 2018

The issue of Licensee liability in Alberta’s oil and gas sector has been an evolving one for many years. The […]