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608, 2019

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

August 6th, 2019|Categories: ARO, Asset Suite, Word to the Wise|Tags: , , , , , |Comments Off on Word to the Wise: Over-licensed facilities can affect your licensee liability rating and ARO

Many assume that actual ARO will always be higher than LLR, but that isn’t always the case. Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights

3007, 2019

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

July 30th, 2019|Categories: ARO, Asset Suite, Word to the Wise|Tags: , , , , , |Comments Off on Word to the Wise: Understanding the reclamation cost discrepancies between LLR and ARO

Today, let’s look at how well reclamation costs are typically the largest discrepancy between deemed liability values and ARO costs. Each week, XI Technologies scans their unique combination of enhanced industry data to provide

2307, 2019

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

July 23rd, 2019|Categories: ARO, Asset Suite, Word to the Wise|Tags: , , , , , |Comments Off on Word to the Wise: Why using LLR can cause inaccurate abandonment cost estimates

The Alberta Energy Regulator’s Licensee Liability Rating (LLR) Directive 011 deemed liability values are the most commonly accepted measure of asset retirement obligation (ARO) in Alberta. Unfortunately, as we at XI Technologies have discovered,

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