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Machine Learning in Oil and Gas Blog

HomeDrilling Optimization
First large bankruptcy filing begs the question :: is there  hidden value in Whiting’s un-drilled acreage worth bidding on?
  • Ted Cross
  • April 14, 2020June 13, 2022

First large bankruptcy filing begs the question :: is there hidden value in Whiting’s un-drilled acreage worth bidding on?

Earlier this month, Whiting Petroleum (NYSE: WLL) declared bankruptcy, becoming the first high-profile E&P casualty in the Coronavirus downturn. While it's unclear ...

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Playing enough short game to get to the long game :: revisiting the Parsley-Jagged deal at $30 strip
  • Ted Cross
  • April 8, 2020June 13, 2022

Playing enough short game to get to the long game :: revisiting the Parsley-Jagged deal at $30 strip

Golf, like drilling oil wells, is a strategy game. When do I go for the green versus laying up and saving par? ...

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The confidence game: optimizing completions for XEC DUC wells in the Delaware using model confidence as a proxy for risk
  • John Chaplin
  • March 30, 2020June 13, 2022

The confidence game: optimizing completions for XEC DUC wells in the Delaware using model confidence as a proxy for risk

IN THIS POST:Introduction: Problem we are trying to solve; methodology we are applying to solve itWhere is XEC's DUC inventory?Maximizing 2 year ...

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DUC, DUC, GOOSE: In a sub-$30 oil environment how can NBL maximize returns with less CAPEX spend in their Delaware asset?
  • John Chaplin
  • March 25, 2020June 13, 2022

DUC, DUC, GOOSE: In a sub-$30 oil environment how can NBL maximize returns with less CAPEX spend in their Delaware asset?

Given the extreme capital constraints imposed by a lower commodity price environment, many operators have announced CAPEX reductions and significant rig layoffs. ...

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change of plans: how QEP could optimize returns in their Midland asset in a low-price environment
  • John Chaplin
  • March 19, 2020June 13, 2022

change of plans: how QEP could optimize returns in their Midland asset in a low-price environment

Using Novi to evaluate options to balance inventory, reserves and capital for QEP’s 2020 program in the Midland Should QEP change ...

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Five ways smart digital oilfield technology & applications might save the Shale industry
  • Jon Ludwig
  • March 18, 2020June 20, 2022

Five ways smart digital oilfield technology & applications might save the Shale industry

DIGITAL OILFIELD TECHNOLOGY Overview Let's face it, the last two to three weeks have been a complete train smash for shale operators and ...

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less than 10% of remaining Bakken inventory is in the play core
  • Ted Cross
  • March 16, 2020June 13, 2022

less than 10% of remaining Bakken inventory is in the play core

With the current oil price downturn, many have started to wonder whether activity in the Bakken will ever return to its previous ...

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oil and gas well spacing and completions: untangling complex interactions with machine learning
  • Ted Cross
  • February 20, 2020June 13, 2022

oil and gas well spacing and completions: untangling complex interactions with machine learning

The oil & gas industry is underperforming recently. How much is due to misapplication of large completions designs with tight oil well ...

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[Free Guide] The 11 Most Common Mistakes Oil & gas Operators Make While Building Machine Learning Capabilities

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