How to search for LMR Security Deposit refunds in AssetBook

Home/Asset Suite, Drilling Suite, Regulatory Suite, TourXchange/How to search for LMR Security Deposit refunds in AssetBook

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 refunds are not automatic, and some companies may not be aware they are owed money. Here’s a quick way to find companies that may be eligible for an LMR Security Deposit refund.  Contact XI  or call 403-296-0964 for a personalized demo.

Interested in more articles like this? XI blogs regularly on topics related to Canadian oil and gas industry data, competitive analysis, A&D scoping, asset planning, business development, drilling, operations, regulatory compliance and risk management. Subscribe here.

Alberta LMR Security Deposits from XI Technologies on Vimeo.