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XI Technologies: Top 5 Word to The Wise For 2023 – Energy Now

December 20, 2023

For years, XI Technologies has been dedicated to sharing knowledge we’ve obtained via our data and research in weekly posts we call XI’s Word to the Wise.  As we conclude this year, we reflect on the most impactful articles that resonated with you and your peers, offering a trove of knowledge and analysis.

#1. M&A SNAPSHOT – CRESCENT POINT ENERGY CORP ASSET PURCHASE

In a landscape shaped by geopolitical shifts and economic unpredictability, mergers and acquisitions (M&A) emerged as crucial strategic maneuvers. Against this backdrop, Crescent Point Energy Corp made a substantial move with the announcement of their $375 million acquisition of Kaybob Duvernay assets from Paramount Resources Corp.  Our rigorous examination, facilitated by our advanced AssetSuite software, provided stakeholders with unparalleled insights into this transformative deal. XI’s reports, downloadable below, allowed for a deeper understanding of both companies, enabling a nuanced comparison critical for strategic evaluation.

Navigating through this deal required a multifaceted approach. Paramount’s recent Life Cycle Analysis (LCA) report, available for download, illuminated key trends, indicating a 5% production increase over three years. However, the report highlighted a substantial 54% inactive well rate compared to Crescent Point’s mere 5%, hinting at Crescent Point’s potential to strategically absorb these inactive wells. Furthermore, the LCA Report identified potential acquisition targets such as Spartan Delta, PetroChina, Ridgeback Resources, and HITIC Energy, highlighting low marginal well rates, low inactive well rates, and distant corporate crossover dates.

Read More: https://energynow.ca/2023/12/xi-technologies-top-5-word-to-the-wise-for-2023/

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