XI Technologies began with the creation of Touch Tone Data in 1994. Touch Tone Data provided reports to the oil and gas industry using what was, at the time, leading-edge technology. Using a touch tone phone as a prompting device, users could request various area and well specific products. The data was then gathered and compiled on Touch Tone Data’s internal servers, the request was processed and automatically faxed back to the client.
In 1998, Westcan Petroleum Assets Ltd. was formed in response to the growing Asset Rationalization trend. The AssetBook was developed to provide an instant working interest breakdown of production and land, allowing the user to quickly summarize any company or area. The AssetBook quickly gained a following and our client base accounts for over 80% of production in Western Canada.
The two companies, Touch Tone Data and Westcan Petroleum Assets maintained similar ownership but operated independently for nearly 5 years. The result of the merger of the two businesses in June of 2004 was the formation of XI Technologies Inc.
Today, XI is a diverse, energetic team of experienced professionals focused on building solutions to address the need for enhanced oil and gas information.