• Products
    • Products Overview
    • Oil and Gas Data
    • Oil and Gas Software
  • ML in Oil & Gas Blog
  • Resources
  • News & Events
    • Company News
    • Conference Presentations
  • About
    • About Novi Labs
    • Careers
  • Contact
Novi Labs
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
get started on your future of well planning with Novi

Novi Labs

  • Products
    • Products Overview
    • Oil and Gas Data
    • Oil and Gas Software
  • ML in Oil & Gas Blog
  • Resources
  • News & Events
    • Company News
    • Conference Presentations
  • About
    • About Novi Labs
    • Careers
  • Contact

AI use cases in oil and gas

What can chess teach us about artificial intelligence in oil and gas?

December 16, 2020

If, like me, you haven’t seriously played chess since you were young, you may find the advancements in chess artificial intelligence (or chess “engines”) incredible. But can chess teach us about the future of artificial intelligence in oil and gas?

Chess has long been a focus of artificial intelligence research. The game offers both clear rules (to easily measure success) and sufficient complexity (with at least 10^120 possible moves, no computer will ever be able to “solve” the game, unlike checkers). We certainly have complexity in the oilfield – but we also have the ability to measure success in the form of barrels produced, feet of pay encountered, or time to process a seismic volume.

In this post, we’ll walk through the latest AI in oil and gas market developments in chess and how they might impact the oilfield. Read the full post here.

Filed Under: Artificial Intelligence in Oil and Gas, Machine Learning in Oil and Gas Blog

Machine Learning Regional Profiles for Geologic Insights: Mapping Unconventional Production Drivers in the Williston Basin

December 14, 2020

Use of predictive analytics to understand well performance and production drivers across the bakken-three forks play

What drives unconventional oil production? Of course completions, parent-child, and well spacing all play a huge role — but it all starts with the rocks.

We walk through a powerful new way of visualizing machine learning insights — regional profiles.

Filed Under: Predictive Analytics, Well Designs, Artificial Intelligence in Oil and Gas, Machine Learning in Oil and Gas Blog

Investing in Shale Oil and Gas Wells: Are you the House or the Player?

November 17, 2020

are you the house or the player when it comes to shale well investing?

Are you the House or the Player?

Industry execGarth Stotts continues his series on bias, probability, and risk in the Shale patch with his latest message: successful investments in shale require an understanding of the REAL probabilities of your opportunities, from inputs all the way to cashflow.

Only then will you be in control — and be able to win repeatedly.

Filed Under: Automated Well Planning, Drilling Optimization, Well Designs, Digital Oilfield Technology, Artificial Intelligence in Oil and Gas, Machine Learning in Oil and Gas Blog

Novi Releases Next Generation of AI-Driven Modeling Pipeline, Increasing the Accuracy and Efficiency of PDP Forecasting

September 30, 2020

09/30/2020: Novi Labs (“Novi”) today announced the release of the next generation of its artificial intelligence-based modeling pipeline. The first application of this patent-pending pipeline integrates a fully automated and highly accurate Proved Developed Producing (PDP) forecasting workflow that is integrated into Novi’s Forecast Engine™.

This allows reservoir engineers and financial analysts at oil & gas operators and financial services companies the capability to automate the generation of PDP forecasts with oil and gas AI software, driving improved accuracy of wedge forecasting, reserves forecasting, and valuation of acquisitions and divestiture opportunities.

Novi’s innovative approach to generating PDP forecasts utilizes Novi’s latest AI modeling pipeline to create highly accurate forecasts. Read the full PR here.

Filed Under: Automated Well Planning, Artificial Intelligence in Oil and Gas, Company News

Primary Sidebar

NOVI ML IN OIL & GAS BLOG TOPICS

  • Automated Well Planning
  • Predictive Analytics
  • Well Completions
  • Drilling Optimization
  • Well Designs
  • Digital Oilfield Technology
  • Big Data Management
  • Artificial Intelligence in Oil and Gas
  • Conference Presentations

Recent posts

PUD and PDP Forecast Uncertainty: Why You Need it and How Novi Delivers

April 1, 2021

Ahead of the Curve: Introducing Novi PDP Oil & Gas Forecasting

March 15, 2021

What can chess teach us about artificial intelligence in oil and gas?

December 16, 2020

Machine Learning Regional Profiles for Geologic Insights: Mapping Unconventional Production Drivers in the Williston Basin

December 14, 2020

Investing in Shale Oil and Gas Wells: Are you the House or the Player?

November 17, 2020

Analyzing Vista’s Record-Setting Vaca Muerta Wells with Oil and Gas Machine Learning Models

August 26, 2020

Making sense of it all: extracting actionable core-data from pXRF using PCA and K-means cluster analysis

August 7, 2020

Reach out

If you would like more information, please reach out using the form below.
  • This field is for validation purposes and should be left unchanged.

Reach out

Novi’s AI-driven well planning software is the only product of its kind that revolutionizes the way oil & gas investments are made. Drop us a line to request more information by clicking the button below!

Contact us today

Footer

Connect

  • LinkedIn
  • YouTube

oil and gas analysis by novi

Contact

1905 Aldrich Street, Suite 220
Austin, Texas 78723

intro@novilabs.com
512.368.9042

  • Home
  • Products
  • Resources
  • About
  • ML in O&G Blog
  • Privacy Policy

Copyright © 2021 Novi Labs
All rights reserved.