[URTeC 2023] - Join us at URTeC 2023 in Denver, Colorado and meet our team at booth #449. πŸŽ‰πŸŽ‰
Read more>>
Skip to content
Novi Labs Novi Labs
Novi Labs
  • Platform
    • Novi Platform Overview

      Insight Engine

      Oil & Gas Analytics

      Data Engine

      Build datasets with ease

      Model Engine

      Machine learning at your fingertips

      Forecast Engine

      The future of forecasting

  • O&G Data
  • Industries
    • Exploration & Production

      Market-leading data analytics platform for E&P

      Mineral & Royalty Owners

      Maximize the potential of your O&G investments

      Oilfield Services

      Capture new business development opportunities

      Financial Services

      Maximize the return on your energy investment

  • Blog
    • ML In Oil & Gas
    • Oil & Gas updates
  • Resources
    • What’s New
    • Resource Library
    • Technical papers
    • Product Videos
    • Webinars
    • Podcasts
    • Newsletter
  • Company
    • About Us
    • Career
    • Newsroom
    • Contact
  • Log in
Get Started

Machine Learning in Oil and Gas Blog

HomeBig Data Management
the power of analogy : using novi’s contributing oil well data to understand machine learning predictions
  • Avatar photo Ted Cross
  • April 30, 2020April 13, 2023

the power of analogy : using novi’s contributing oil well data to understand machine learning predictions

Whether exploring for oil offshore Brazil or scaling type curves in Lea County, engineers and geologists rely upon the power of analogy ...

Read More
trust me, I’m an objective engineer: uncovering the inherent bias in oil and gas forecasts
  • Avatar photo Garth Stotts
  • April 29, 2020November 24, 2022

trust me, I’m an objective engineer: uncovering the inherent bias in oil and gas forecasts

Capital allocation decisions made by Engineers that work at E&P companies are completely rational and unimpacted by their own experiences or personal ...

Read More
First large bankruptcy filing begs the question :: is there  hidden value in Whiting’s un-drilled acreage worth bidding on?
  • Avatar photo Ted Cross
  • April 14, 2020November 10, 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 ...

Read More
Playing enough short game to get to the long game :: revisiting the Parsley-Jagged deal at $30 strip
  • Avatar photo Ted Cross
  • April 8, 2020November 10, 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? ...

Read More
The confidence game: optimizing completions for XEC DUC wells in the Delaware using model confidence as a proxy for risk
  • John Chaplin
  • March 30, 2020November 16, 2022

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

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

Read More
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, 2020November 10, 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. ...

Read More
change of plans: how QEP could optimize returns in their Midland asset in a low-price environment
  • John Chaplin
  • March 19, 2020November 10, 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 its development ...

Read More
5 ways digital oilfield solutions might save the Shale industry
  • Avatar photo Jon Ludwig
  • March 18, 2020April 13, 2023

5 ways digital oilfield solutions 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 investors. ...

Read More
less than 10% of remaining Bakken inventory is in the play core
  • Avatar photo Ted Cross
  • March 16, 2020January 19, 2023

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 ...

Read More
oil and gas well spacing and completions: untangling complex interactions with machine learning
  • Avatar photo Ted Cross
  • February 20, 2020January 31, 2023

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

After choosing where to acquire an asset, the biggest levers an operator has for development are choosing spacing and completions designs. This ...

Read More

Industry Report: The 4 Major US Tight Oil Basins - Q1 2023

  • Machine Learning in Oil and Gas Blog
    • Artificial Intelligence in Oil and Gas
    • Automated Well Planning
    • Big Data Management
    • Digital Oilfield Technology
    • Drilling Optimization
    • Predictive Analytics
    • Well Completions
    • Well Designs
  • Novi Platform Updates
  • Shale Oil & Gas Insights
    • Appalachia
    • Arkansas
    • Eagle Ford
    • Haynesville
    • Montana Update
    • Niobrara
    • North Dakota
    • Oklahoma
    • Permian
    • Projected US Shale Production
    • US
    • Utah

Recent Posts

  • Pennsylvania – update through March 2023
  • Reservoir Engineering in the Age of AI: Navigating the Changing Landscape
  • Permian – update through January 2023
  • Is It Really Worth Building Your Own Oil & Gas Analytics Platform?
  • Eagle Ford – update through November 2022

Archives

Recent Comments

  1. D Coyne on Permian – update through August 2022
  2. D Coyne on Permian – update through August 2022
  3. Enno Peters on Permian – update through August 2022
  4. D Coyne on Permian – update through August 2022
  5. Enno on Permian – update through August 2022
  • 1
  • 2
  • 3
  • About us
  • News/Press
  • Careers We’re hiring!
  • Product Updates
  • Privacy Policy

Novi Products

  • Novi Platform
  • Insight Engine
  • Data Engine
  • Model Engine
  • Forecast Engine

Oil & Gas Basins

  • Permian Basin
  • Haynesville Basin
  • Eagle Ford Basin
  • Bakken Basin

Resources

  • Resource Library
  • Technical Paper
  • Product Video
  • Podcasts/Interviews
  • Webinar & Videos
  • Switch to Novi Labs
  • Machine Learning in Oil & Gas Industry

Contact

  • PMB #657 3801 N Capital of Texas Highway, Suite E-240
    Austin, Texas 78746
  • 512.368.9042
  • intro@novilabs.com

Β© 2023 Novi Labs - All Rights Reserved