Novi Labs

Company News

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

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.

Digital Wildcatters Interview of Novi President Jon Ludwig

Novi President Jon Ludwig sits down with the cool cats at Digital Wildcatters for their first ever “video included” DW podcast and discusses Novi’s roots and the future of decision making in shale as continued pressure on strip price forces oil companies and investors to re-evaluate their decision making paradigms.

Join Us at SPE HFTC 2020

The SPE Hydraulic Fracturing Technology Conference showcases existing and new hydraulic fracturing technologies, using experiences from fracture-stimulated wells, and the application of global learnings.

Kevin Stambaugh Joins Novi

We are excited to welcome Kevin Stambaugh to the Novi executive team! Kevin brings nearly 30 years of experience as a software and product development manager and has a strong record of strategic leadership across early and growth stage startups.

Novi Version 19.2 Released

Over the past couple of months, the Novi product development team has been hard at work preparing the next round of enhancements to our AI-powered well planning software. We are excited to announce that version 19.2 has been released!

Takeaways from URTeC 2019

The second year of URTeC in Denver saw record-breaking attendance, clearly signaling the growing importance and hunger in the oil & gas industry to bring geoscience and engineering together under one roof to discuss the technical trends that are sustaining the shale revolution.

Novi to Participate in URTeC2019

Leader in well planning solutions for unconventional development participates in URTeC panel and showcases latest technology for optimizing well design to enhance rate of return on capital.

Recap of Novi’s AAPG Ace Talk

On May 22 Novi’s chief geophysicist Kiran Sathaye gave a technical presentation at AAPG ACE 2019 in San Antonio on leveraging AI to predict hydrocarbon recovery.

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