Novi Intelligence

Industry Updates
JAPEX is taking a different approach to U.S. shale. Its $320 million Fundare acquisition expands an operated, liquids-rich Rockies position and brings Peoria to roughly
Supply Forecast
Williston has plenty of inventory left, but much of it requires $90-110/bbl oil to compete for capital. Our latest supply outlook examines why production responds
Industry Updates
Verde Operating’s acquisition of Vitol-backed VTX Energy marks a new entrant into the Southern Delaware Basin while signaling Vitol’s exit from U.S. upstream operations. Explore
Corporate Analysis
Occidental Petroleum has assembled one of the largest Lower 48 inventories through strategic acquisitions. Novi Intelligence examines the quality, longevity, and economics of Oxy’s core
Industry Updates
Matador Resources announces two acquisitions in the Delaware Basin for $1.48 billion
Corporate Analysis
ExxonMobil is targeting 2.5 MMboe/d of Permian production by 2030. Novi Intelligence examines the inventory, activity increases, infrastructure, and execution required to reach that goal.
Industry Updates
Magnolia Oil & Gas is acquiring WildFire Energy for approximately $4.1 billion, creating the largest acreage position in the Eastern Eagle Ford. Our initial analysis
Industry Updates
Business activity is improving, but operators remain disciplined amid geopolitical uncertainty and Permian infrastructure constraints. Explore Novi Intelligence’s analysis of the Q2 2026 Dallas Fed
Industry Updates
SandRidge continues expanding its footprint in the emerging Cherokee Shale (CHARM) play. Novi Intelligence breaks down the acquisition economics, remaining inventory value, and why the
Corporate Analysis
APA’s Permian asset combines more than 4,000 remaining drilling locations, competitive breakeven economics, and a unique gas marketing strategy that positions the company for improving
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News, trends and data for the US upstream industry
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