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1707, 2019

Word to the Wise: Adopting a WDM Approach for Liabilities

July 17th, 2019|Categories: ARO, Asset Suite, Word to the Wise|Tags: , , , , , |Comments Off on Word to the Wise: Adopting a WDM Approach for Liabilities

This week we look at a new, more streamlined way to manage oil and gas environmental liabilities. Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights

207, 2019

Word to the Wise: Alberta’s IWCP is decreasing non-compliant well counts by nearly 40 per cent

July 2nd, 2019|Categories: Asset Suite, Word to the Wise|Tags: , , , , , |Comments Off on Word to the Wise: Alberta’s IWCP is decreasing non-compliant well counts by nearly 40 per cent

Alberta operators are making significant efforts to ensure compliance with provincial standards for suspended or inactive wells.  Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights

2506, 2019

Word to the Wise: BC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years

June 25th, 2019|Categories: Asset Suite, Word to the Wise|Tags: , , , , |Comments Off on Word to the Wise: BC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years

The announcement of new Dormancy and Shutdown Regulation and Comprehensive Liability Management Plan (CLMP) legislation, effective May 31, 2019, will have significant financial impact on operators with assets in BC. The first mandatory timelines

1806, 2019

Word to the Wise: BC’s new mandatory closure timelines will keep companies hopping to meet first quota in 2021

June 18th, 2019|Categories: Asset Suite, Word to the Wise|Tags: , , , , |Comments Off on Word to the Wise: BC’s new mandatory closure timelines will keep companies hopping to meet first quota in 2021

In a move that other western Canadian provinces will be watching and likely echoing, the BC Oil and Gas Commission (the Commission) has announced the Dormancy and Shutdown Regulation and Comprehensive Liability Management Plan