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Regulatory compliance does not pause for capacity constraints

H₂S release rate assessments are a required component of well licensing across the WCSB. They are safety-critical, compliance-critical, and frequently schedule-critical. And yet, for many operators, this workstream becomes a bottleneck – not because regulations are unclear, but because completing a technically defensible assessment requires more than data alone.

Teams must validate inputs, apply professional judgment, document assumptions, and produce a submission-ready assessment aligned with AER Directive 056 expectations. When internal engineering or regulatory resources are stretched, this work competes directly with higher-value activities like well design, drilling execution, and program planning.

The result is familiar: internal strain, schedule pressure, and risk introduced by rushed or fragmented processes.

H2SComplete exists to change that dynamic.

What RegulatorySuite delivers

RegulatorySuite is XI Technologies’ pre-licensing research and compliance platform, designed to help operators in Alberta and British Columbia move through regulatory requirements with greater speed, consistency, and confidence.

It includes:

H2SReports, a guided application for H₂S release rate research and calculations
H2SComplete, a turnkey, expert-delivered H₂S release rate assessment service
SurfaceCasing Report, supporting Directive 008 and Directive 036 compliance

Together, these tools support a structured regulatory workflow built on enhanced datasets sourced from original government records and processes aligned with regulator expectations.

RegulatorySuite reduces effort, reduces risk, and improves turnaround – without sacrificing defensibility.

What H2SComplete is and why teams rely on it

H2SComplete is a turnkey service that delivers a fully prepared H₂S release rate assessment for compliant well licensing under AER Directive 056.

It is designed for a practical reality many operators face: having access to data and tools does not eliminate the need for expert analysis. A compliant H₂S assessment requires a qualified professional to interpret the data in the context of a specific well and document that rationale in a way that can withstand regulatory review.

H2SComplete closes the gap between research and submission-ready documentation.

Rather than pulling internal engineers into time-consuming analysis and documentation, operators delegate this discrete compliance task to experienced analysts – receiving a complete, defensible assessment package in days, not weeks.

Reliable analysis teams can stand behind

H2SComplete assessments are prepared by professionals with deep regulatory and technical experience, including accredited engineers, geologists, regulatory experts, and former AER auditors.

This matters because in H₂S compliance, credibility is not abstract. A release rate number is only as defensible as the methodology, interpretation, and documentation behind it. H2SComplete delivers analysis aligned with regulatory expectations, applied correctly to the well, and documented with professional diligence.

For operators, this translates into confidence – both at the point of submission and later, if questions arise.

A scoped service, designed for compliance – not overreach

H2SComplete is intentionally well-defined.

It combines reliable information with expert analytical interpretation to qualify results and produce a report that supports well license application preparation. XI delivers the assessment package and documentation, while the operator retains final accountability and sign-off, involving both engineering and geology.

This is not a limitation. It is the correct compliance posture.

For operators without in-house engineering or geology availability, XI can coordinate with partner analysts on a consulting basis to extend the scope as needed.

Clear boundaries protect both technical integrity and regulatory defensibility.

Faster turnaround without sacrificing diligence

H2SComplete is designed for speed, but not shortcuts.

Typical delivery timelines range from 4–7 business days, depending on well complexity and location, with rush options available in 2–4 business days when timelines compress. This is significantly faster – and more predictable – than traditional consulting engagements, while remaining aligned with Directive 056 requirements.

Cost is similarly disciplined. Most assessments fall within the hundreds to low-thousands range, allowing operators to manage spend without compromising quality.

Documentation ownership and audit readiness by default

H2SComplete quietly solves a governance problem many teams encounter later.

All documentation and source material are provided to the client, and the H2SReport itself is ordered under the client’s account. This allows teams to review analyst comments, understand how conclusions were reached, and retain continuity for future work.

If an audit or internal review occurs months or years later, teams are not reconstructing decisions under pressure. The record already exists.

How H2SComplete improves real workflows

H2SComplete is not about outsourcing responsibility. It is about removing a specialized task from becoming the gating factor in licensing.

Reduced internal burden Engineering and regulatory teams stay focused on design, execution, and decision-making – rather than data hunting and documentation assembly.

Improved consistency across wells Assessments follow a consistent methodology, reducing variance across multi-well programs.

Stronger defensibility Professional analysis and complete documentation improve audit readiness and governance posture.

Predictable timelines and cost Operators gain certainty in both schedule and spend during critical licensing windows.

Consider a team managing a compressed licensing timeline

A mid-sized operator is preparing several well license applications while engineering capacity is focused on drilling optimization and vendor coordination. H₂S assessments are mandatory, but internal resources are stretched thin.

By delegating the assessment package to H2SComplete, the operator receives expert-prepared documentation aligned with Directive 056 expectations – without pulling senior staff into a compliance bottleneck.

The outcome is practical: stabilized timelines, better use of internal expertise, and improved documentation quality that holds up beyond approval.

When H2SComplete is the right fit—and how it complements H2SReports

H2SReports and H2SComplete are designed to work together.

Many teams use:

H2SReports for standard workflows, repeat work, and internal consistency
H2SComplete when timelines are tight, internal capacity is limited, or the risk profile warrants full delegation

This hybrid approach allows operators to scale compliance efforts without relying on heroics or single-person expertise.

Why this matters

H₂S compliance should not hinge on last-minute effort or internal bandwidth constraints. The most effective regulatory workflows are structured, repeatable, and defensible.

H2SComplete helps teams:

Maintain throughput during peak licensing periods
Control cost without cutting corners
Strengthen audit readiness and documentation governance
Reduce operational risk tied to capacity and variability

Diligence and efficiency do not need to compete.

Learn more or get started

H2SComplete is part of XI Technologies’ RegulatorySuite, trusted by operators across the WCSB to simplify compliance and improve workflow efficiency.

To get started, operators can submit a simple request form to receive an accurate estimate of time and cost.

When the risk of delay is real, and internal capacity is better spent elsewhere, H2SComplete is built to deliver compliant, defensible H₂S assessments – fast.

Regulatory compliance does not need to slow teams down

H₂S compliance is a required step in well licensing across the WCSB, but for many operators it remains one of the most time-consuming and uncertain parts of the pre-licensing process.

Not because the regulations are unclear.
Because the work is often fragmented.

Teams are asked to source historical data, validate assumptions, calculate release rates, document methodology, and ensure alignment with AER Directive 056. Too often, this happens across spreadsheets, disconnected data sources, manual calculations, and versioned documents that are difficult to track and reuse.

The result is predictable. Extra time spent. Rework across wells. Increased risk during review or audit. And internal teams pulled away from higher-value work.

XI Technologies built H2SReports to change that dynamic.

What RegulatorySuite delivers

RegulatorySuite is XI Technologies’ pre-licensing research and compliance platform designed to help operators in Alberta and British Columbia move through regulatory requirements with greater speed, consistency, and confidence.

It includes:

H2SReports, a guided application for H₂S release rate assessments
H2SComplete, a turnkey, expert-delivered assessment service
SurfaceCasing Report, supporting Directive 008 and 036 compliance

Together, these tools support a structured regulatory workflow using enhanced datasets sourced from original government records and guided processes aligned with AER expectations.

RegulatorySuite reduces effort, reduces risk, and improves turnaround without sacrificing defensibility.

What H2SReports is and why teams rely on it

H2SReports is the industry’s leading H₂S research application, purpose-built for pre-licensing workflows.

It helps teams complete H₂S release rate assessments faster and more consistently while maintaining a clear record of how results were reached.

At its core, H2SReports combines trusted data with a guided workflow.

Reliable data teams can stand behind

XI has more than two decades of experience in H₂S release rate assessments. The data within H2SReports is compiled from original government sources and validated to support assessments that satisfy AER and CAPP requirements.

For end users, this means less time questioning inputs and more confidence in outcomes.

A guided workflow aligned with Directive 056

H2SReports walks users through the steps required to assess H₂S release rate potential in a structured, repeatable way. Each step is documented, and assumptions are captured as the work is completed rather than reconstructed later.

This improves consistency across wells and across teams, especially in multi-well drilling programs.

How H2SReports improves real workflows

H2SReports is not just about compliance. It is about making regulatory work easier to execute and easier to defend.

Faster turnaround with less rework

Users can reuse prior assumptions, comments, and adjustments for future wells. This reduces duplication and speeds up repeat work in the same area.

Built-in collaboration and accountability

Teams can securely share reports across the organization, track who made changes, and avoid confusion caused by multiple file versions. This is especially valuable when engineering, regulatory, and leadership teams all touch the same deliverables.

Audit-ready documentation by default

Every step, assumption, and update is recorded within the system. If questions arise later, teams can point to a clear, traceable record of work rather than rebuilding documentation under pressure.

Accessible anywhere, when timing matters

Because H2SReports is web-based, teams have secure access from any internet-connected device. This supports distributed teams and time-sensitive licensing schedules.

Integrated compliance across directives

H2SReports integrates with XI’s SurfaceCasing Report, allowing information to flow between workflows and reducing duplicated effort when addressing Directive 008 and Directive 036 requirements.

Consider a team planning a multi-well drilling program in a defined area

Before H2SReports, H₂S assessments may have been completed using spreadsheets and manual data sourcing. Results varied by well, assumptions were repeated, and documentation was often finalized late in the review process.

After standardizing on H2SReports, the team completes assessments using a consistent dataset and workflow. Prior work is reused where appropriate. Collaboration improves. Review cycles shorten. Documentation is ready as the work is completed.

The value is not theoretical. It shows up as saved time, fewer handoffs, and greater confidence across the organization.

When H2SReports is the right fit and when H2SComplete adds value

H2SReports is ideal for teams that want control, consistency, and repeatability in their regulatory workflows.

There are times, however, when full delegation makes sense.

H2SComplete provides a turnkey H₂S release rate assessment prepared by a recognized expert, often an accredited engineer. It includes analysis, validation, calculations, and documentation, typically delivered in three to five days.

Many operators use both.

H2SReports for standard workflows and program consistency
H2SComplete when timelines are tight, internal capacity is limited, or risk warrants expert delivery

Why this matters

H₂S compliance should not depend on last-minute effort or individual expertise. The most effective regulatory workflows are structured, repeatable, and defensible.

H2SReports helps teams:

Reduce internal cycle time
Improve consistency across wells
Strengthen audit readiness
Free up technical staff for higher-value work

H2SReports makes required regulatory work easier to execute and easier to stand behind.

Learn more or see it in action

H2SReports is part of XI Technologies’ RegulatorySuite, trusted by operators across the WCSB to simplify compliance and improve workflow efficiency.

If you want to see how H2SReports fits into your pre-licensing process, the best next step is a product walkthrough or demo. XI’s team can show how the data, workflow, and reporting come together to support faster, more confident licensing decisions.

For teams looking to move faster without sacrificing defensibility, H2SReports is built to deliver exactly that.

Most teams don’t struggle because they lack data. They struggle because the signals that matter are scattered across spreadsheets, screenshots, and disconnected tools.

With AssetBook Graphs, existing data is brought together in a way that makes it useful for real decisions. Without that assembly layer, entire categories of insight stay out of reach, not because the data isn’t there, but because it never shows up in a decision-ready form.

Production Truths

Competitor analysis and triaging various potential acquisition candidates can often be an arduous task. Production analysis often breaks down when scale overwhelms signal.

Without Graphs, large operators dominate averages, inflection points disappear, and teams spend more time debating curves than agreeing on conclusions. The real question is whether an asset is actually competitive.

Fig. 1: Dominant players in the Pembina Field

With Graphs, stacked time-slice views and peer trendlines replace single-curve storytelling. Dominant operators can be filtered out so comparisons reflect performance rather than sheer scale. You can easily disseminate which years have added to a company or an areas total production and identify which years may have more favourable declines.

Fig. 2: Cardium production in the Pembina Field

Probability views are used to frame ranges and thresholds, and to predict outcomes. This helps teams talk about upside and downside without anchoring on a single, best-case scenario.

Fig. 3: Oil Rate Probability of Cardium wells drilled after 1/1/2020 in the Pembina Field

It is also very easy to see how zones are becoming depleted over time or how technology or drilling/completion techniques have actually improved things over time by Grouping by First Prod. Date, and setting the date ranges.

Just as importantly, context is built in. Working interest versus gross, dollars versus dollars per hectare, rates versus cumulative volumes. These distinctions are clear from the start, which reduces rework and defensiveness later in the process.

Workflow Fit

Even strong analysis loses value if it slows teams down.

Without Graphs, analysts repeatedly rebuild the same charts and leadership ends up debating methodology instead of decisions. The underlying question becomes whether the team can screen faster and still stand behind the result.

Graphs supports a more direct workflow. An area of interest can be drawn directly on the map and every graph updates immediately, without ad-hoc data wrangling.

Teams can use Graphs for fast first-pass screening, then export clean data to Excel or tools like ValNav for deeper economic work. What used to take hours can be done in minutes.

A Practical Reality Check

Yes, pieces of this can be recreated elsewhere. But doing so costs time, consistency, and context. In practice, most teams lose working-interest awareness, peer normalization, or both, which slows decisions and weakens confidence.

Once teams see these views working together, it becomes difficult to go back.

See the Insights Before the Market Moves

Join us for the AssetBook Graphs Webinar, where we’ll walk through real-world land intelligence examples.

You’ll learn how to:

Understand a potential acquisition’s production profile at a glance
Compare assets and peer groups in seconds
Identify which fields and zones actually drive production
Prepare smarter land bids using bonus and probability graphs
Frame upside and risk with time-slice and probability views

Stop reacting to outcomes. Start shaping them.

Register now for the Graphs Webinar – February 11 at 9:00 AM

Most teams don’t struggle because they lack data. They struggle because the signals that matter are scattered across spreadsheets, screenshots, and disconnected tools.

Here are three key places Teams tend to realize benefit with AssetBook Graphs.

Land Intelligence

Land teams are constantly trying to answer a simple question: where is activity happening, and what is likely to happen next?

Without AssetBook Graphs, expiry risk is often identified late, bonus expectations are based on anecdotal information, and teams end up reacting instead of sequencing their work. The underlying decision is always the same, where should we act first?

Graphs can change this by making patterns visible early.

Cumulative bonuses paid by company, year, and area quickly show who is bidding aggressively and where capital is actually flowing. It becomes a practical proxy for market appetite that is grounded in evidence rather than conversation. Interactivity makes it easy to hone in on recent years or perform historical analysis on older years.

Fig. 1: Bonuses Paid in the Pembina Field

Near-term lease expiries and undeveloped hectares can be surfaced and viewed spatially, which reveals clusters and timing issues, early enough to act. Farm-ins, swaps, extensions, and competitive bids don’t need to be last-minute exercises when you have the information presented properly. The graph below shows the amount of land that each company in the area that is expiring over the next several years and could be a good opportunity for a farm-in.

Fig. 2: Expiring Hectares in the Pembina field

Instead of rebuilding views or guessing what exists, land teams have access to a consistent set of ready-made views that answer the questions they get asked every week. The value is not novelty; it is consistency and defensibility. Statistical analysis can be done with spreadsheets but having a ready-made template allows for better decision making. The graph below shows bonuses ($/ha) paid and the associated averages and probabilities (P10, P50, P90 etc.)

Fig. 3: Bonuses Paid Probability of leases after 2020 for Pembina Field

AssetBook Graphs turns everyday land data into decision-ready intelligence. Instead of piecing together spreadsheets or relying on anecdotal market read-throughs, teams get immediate visibility into where activity is happening, where risk is building, and where opportunity is emerging. For subscribers, these insights are part of the daily workflow. For AssetBook Graphs non-subscribers, they remain hidden in disconnected data. If your team is still reacting to land outcomes instead of shaping them, it may be time to see what AssetBook Graphs makes visible.

See the Insights Before the Market Moves

Join us for the AssetBook Graphs Webinar, where we’ll walk through real-world land intelligence examples.

You’ll learn how to:

Understand a potential acquisition’s production profile at a glance
Compare assets and peer groups in seconds
Identify which fields and zones actually drive production
Prepare smarter land bids using bonus and probability graphs
Frame upside and risk with time-slice and probability views

Stop reacting to outcomes. Start shaping them.

Register now for the Graphs Webinar – February 11 at 9:00 AM

In the world of acquisitions and divestitures, the best opportunities rarely announce themselves. They hide in datasets, legacy ownership structures, old well files, and liability frameworks that look different depending on who compiled them. For land and business development professionals, the challenge isn’t just finding assets — it’s understanding them well enough to decide whether they’re worth pursuing.

Production and reserves still matter. But increasingly, the differentiator between a good deal and a costly misstep comes down to how clearly a team understands the liability side of the equation, and how early they understand it.

Screening
Evaluation
Due Diligence
Post-Close Integration

Each of these stages depends on reliable, timely, and comparable liability data. And today, those who invest in understanding ARO early often find themselves ahead of their competition and operating from a position of confidence — not uncertainty.

1. Screening: Finding Opportunities That Truly Fit

The first stage of A&D is always about narrowing the field. What is in my area of interest? What upside potential is possible with the land portfolio? Where can new technology increase my production yield? These are all questions often asked in the screening phase, but often overlooked is the liability information and without clear reliable information, the screening phase can mislead you.

Land and BD professionals often face challenges such as:

Assets that have changed hands multiple times and are difficult to track
Working interest that isn’t obvious from public sources
LLR values that differ across jurisdictions
Historical issues or incidents that aren’t surfaced in high-level summaries

In some cases, assets that appear to belong to one company may actually be nested under a different corporate structure and a company’s previous acquisitions may not have undergone proper clean up, obscuring the truth behind ownership.

This uncertainty can push teams toward more risk than intended or cause them to overlook strong opportunities. Early liability insight solves this by making screening more consistent, more complete, and more strategic.

Fig. 1: XI Technologies ARO vs BOE Graph.

2. Evaluation: Building an Apples-to-Apples Comparison

Once a target passes initial screening, the goal becomes understanding how it stacks up against other options. At this stage, liability clarity supports deeper questions:

How much of the liability is tied to inactive wells?
How soon are abandonment and reclamation activities likely to be required?
How do different cost models (government, internal, industry-standard) impact total exposure?
How do timelines, age categories, or risk classes compare across packages?

Teams that rely on spreadsheets for this phase quickly learn their limitations:

They struggle with scenario switching
They require constant manual updates
They lack traceability
They create inconsistencies across evaluations

Land and BD teams need a common lens through which to compare multiple opportunities — especially when cost assumptions vary widely between sellers, regulators, internal teams, and lenders.

A structured ARO evaluation creates clarity. It allows you to compare two or ten packages with confidence, knowing that each is being assessed using the same assumptions, the same parameters, and the same methodology.

Figure 2: XI’s AssetBook ARO Manager Project Overview.

3. Due Diligence: Verifying What You Think You Know

Once the data room opens, the focus shifts from estimation to validation.

However, due diligence comes with its own challenges:

Well lists may be incomplete or formatted inconsistently
Working interest may not align with public data
Cost assumptions may differ from your internal standards
Incident history may surface new red flags

At this stage, teams need a way to incorporate proprietary information into the liability lens they’ve already built — not start from scratch. This allows them to:

Confirm that nothing is missing
Identify issues the seller may not have highlighted
Reassess valuation based on the most accurate inputs available
Ensure the package still aligns with strategic objectives and valuation assumptions.

Liability analysis in due diligence is ultimately about protecting the deal — or deciding not to advance it.

4. Post-Close Integration: Turning Evaluation Into Action

Once a deal closes, liability work becomes real work.

Post-close, land and BD teams must transition their evaluation into operational planning. This stage becomes significantly easier when the work done during screening, evaluation, and due diligence carries forward seamlessly.

With a clear, structured ARO view:

New assets can be integrated without rebuilding spreadsheets
Working interest and assumptions flow directly into operational ARO processes
Timelines and obligations become visible immediately
Priority high-risk assets surface faster
Teams can begin regulatory filings, internal reporting, and planning without delay

For organizations that acquire assets regularly, this continuity between A&D evaluation and long-term liability planning becomes a major strategic advantage.

Why ARO Insight Has Become Strategic — Not Optional

Across the industry, A&D teams are recognizing a simple truth:
Liability insight is now as important as production, reserves, or economics.

A strong ARO evaluation process helps teams:

See what lenders and regulators will see
Identify red flags before committing resources
Avoid overpaying for liabilities
Strengthen deal positioning
Reduce internal uncertainty
Build better cross-department alignment

It protects buyers from hidden exposure and dramatically improves decision quality.

Why A&D Teams Are Moving Toward an “Industry Standard” Approach

The final question for land and BD professionals is no longer whether they should incorporate ARO insight early in the process — it’s how they should do it.

Teams that take liability management seriously tend to converge on the same conclusion:

A&D evaluation requires a standardized, trusted, industry-aligned ARO tool — not spreadsheets, stitched-together data, or one-off calculations.

A strong ARO system provides:

Accurate working interest inputs
Standardized or customizable cost models
Year-by-year liability schedules
Consistent assumptions across deals
Audit-ready transparency
Faster, more defensible decisions

For teams committed to disciplined growth, this has quietly become the new standard.

While many tools exist, the A&D community increasingly gravitates toward platforms that combine speed, accuracy, and reliability — platforms like XI’s ARO Manager — that give them the confidence to evaluate opportunities with clarity and the foresight to pursue only the deals that truly fit.

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Missed our Webinar on AssetBook ARO Manager for A&D?

Watch it online now and learn to:

Perform A&D scenario analysis using any combination of properties and ownership structures
Calculate potential ARO using XI’s standardized cost model, based on real-world abandonment and reclamation data from the WCSB
Upload and integrate proprietary corporate ARO cost data for enhanced precision
Monitor and optimize liabilities from acquisition through abandonment and reclamation
Collaborate, save, and report with AssetBook’s secure, web-based platform

Watch Now

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📅 Ready to Level Up? Check Out Our New Training Calendar!
Stay ahead with our latest Training Calendar, featuring all upcoming online and in-person courses. Whether you’re looking to sharpen your skills or dive into something new, there’s a session for you.

👉 View the Training Calendar now and reserve your spot today!

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Curious to learn more about XI’s product suites? Book a product demo today!

The number of users for XI Technologies modules is not limited to individual seats. The modules are accessible on a corporate wide subscription. Your company may have a XI Technologies AssetBook subscription. To register for access to your corporate account, click here.

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Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. For more tips and to learn about how XI’s AssetSuite can help with your high-level analysis visit XI’s website or contact XI for a demo.

Don’t Go Through Pain Again – Real Stories of Streamlined ARO Management

Recently we have been talking a lot about the problem with spreadsheets and why you should consider a different tool for tracking and reporting asset retirement obligations (ARO). In this article, we share real world stories from a variety of professionals within the industry’s finance and operations teams. Our clients tell us regularly about how their workflow has improved since moving from a two-dimensional overly complicated spreadsheet into a relational, centralized database. We share three of our most interesting tales with you here.

The Day the Wizard Left

Our first story is about a client who was tracking their ARO in one of the most complex spreadsheets we had ever seen (and we’ve seen a lot!). By the time our team was called in to help bring order to the chaos, we realized how it got that way.

The company’s early ARO tracking started out as a very simple spreadsheet. This was a mid-sized producer with approximately 23,000 BOE (barrels of oil equivalent) per day and interest in over 7,200 oil and gas wells. They had kept up with their own ARO tracking as a matter of due process, relying on an internal Excel guru who appeared to have everything under control.

Then they made a sizeable acquisition.

And then they lost their spreadsheet wizard.

The wizard was the person who built the company’s original ARO spreadsheet and lovingly nurtured it to the point where it became a huge, complex, multi-coloured, formula-obscure spreadsheet. Naturally, the wizard took great pride in their spreadsheet. But the rest of the team was never in on all the complexities, so upon the wizard’s departure, this giant spreadsheet became a beast that no one wanted to tackle. The beast was tucked away in their IT closet while they desperately sought a new wizard.

Enter XI Technologies. With ARO Manager, the company was spared the angst of hiring a new spreadsheet unicorn. ARO Manager’s centralized database quickly became the solution that helped the company’s finance team regain control across several departments. In the process of onboarding, XI deployed our own implementation wizard who assisted with uploading all the existing well files, along with the newly acquired well list, and swiftly pulled together several key reports.

The CFO looked at the Group Summary Report and gave an audible sigh of relief.

This story has a happy ending. The company is now able to accomplish three things with mere clicks of a few buttons:

Evaluate new acquisition opportunities with an eye on liabilities.
Update company liabilities (with new well lists, changed cost models, revised discounts) to equip the leadership team with speedy analysis for ARO decisions.
Submit reports to banks or auditors with the assurance of SOC compliance.

Fig. 1: Company ARO Summary – *Source: XI Technologies **Asset**Book ARO Manager*

The Day the Company was Sold

This story’s hero knew the importance of positioning. He came to us with what seemed like a simple ask: help me position my company for sale. He was the president of a junior oil and gas company who was ready to retire.

In a time where a company’s value is based on intense scrutiny of both liabilities and production potential, the ability to be competitive in the mergers and acquisition space depends upon transparency across the board. Our hero knew how important it was to ensure they created a highly transparent view of their liabilities for a potential buyer’s apples-to-apples comparisons. They knew their value, but they wanted to make sure nothing held them back from making a swift deal in today’s market.

Once their wells were entered into ARO Manager, they were able to produce their Liability Schedule, a Discount Schedule, bank packages, internal summaries, and stakeholder snapshots that were widely accepted by all involved.

Their happy story was a successful sale. As for XI, we also celebrated with the easy move of data into a new company that used ARO Manager to integrate their new acquisition.

Fig. 2: Sample of the ARO Liability Schedule – *Source: XI Technologies **Asset**Book ARO Manager*

The Day the Auditor Beckoned

Our final story had a different opening scene. It started with the doomed “uh-ohhh” when the company – a producer with production of approximately 4,800 BOE per day and interests in 2,100 wells – was asked to resubmit their ARO reports to their auditors.

The spreadsheet machine went into overdrive to meet the due date. The small finance team worked overtime. The brows furrowed and sweat dripped down as everyone worked tirelessly to double- and triple-check every Excel input and formula.

The good news: they got the job done, despite their painful spreadsheet.

The bad news: it was the worst audit process they had ever been through.

The best news: they said, “never again” and turned to XI to get ARO Manager so that they would be prepared for the next round.

We are happy to report that this story’s final scene shows the shiny red “easy” button (yes, XI’s red is very similar to Staples), with the company’s finance lead pressing the button each quarter to quickly share their trustworthy SOC compliant report with the auditor.

Figure 3: ARO Manager Project Overview – *Source: XI Technologies **Asset**Book ARO Manager*

Post-Story Reviews

The three stories above are about industry professionals who have made the switch from spreadsheets to ARO Manager, resulting in a profound positive impact to their ARO workflows. Here are some additional reviews from those who have also made the transition from spreadsheets:

Senior Analyst: “Switching to AssetBook’s ARO Manager has been transformative. We no longer have to deal with the inefficiencies and errors that come with spreadsheets. The web-based platform gives us quick access to accurate data, streamlining our workflow and improving overall data accuracy.”
Operations Manager: “Spreadsheets were prone to version control issues, which made it difficult to manage and access detailed working interest data. Having a centralized, web-based platform eliminates those problems and has improved our decision-making process significantly.”
Decommissioning Coordinator: “Managing ARO obligations in spreadsheets was incredibly challenging, especially with the volume and complexity of the data. ARO Manager’s web-based platform makes it so much easier to track and update our ARO data, helping us stay compliant and plan decommissioning activities more efficiently.”

If you enjoyed these stories and would like to explore how your company can transition from the pain of spreadsheets to a streamlined database like ARO Manager, contact XI Technologies today.

We’re happy to help you create your own happy ending.

Upcoming Events / Trainings:

Getting the Most Out of Maps Information: Discover the available functions and workflows utilizing all aspects of the mapping tool, including:

Searching using corners or polygons
Layering sets of assets on the map
Searching using mapped assets
Workflow demonstrations to show assets on the map that meet set criteria

When: April 30^th 1pm (Online)
Length: 30 minutes

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See the Insights Before the Market Moves

See the Insights Before the Market Moves

Top operators for “productive” drilling

Top operators for new well production

Top 10 operators for new gas production

Top 10 operators for new oil production

Upcoming Events / Trainings: