How much quality inventory does the Permian have left to drill? Novi Machine Learning models provide an objective perspective on this critical question. We will be presenting on this subject at the upcoming SPE Permian Basin Data Analytics Study Group event. Details below! Event Details:: Wednesday, November 17, 2021 11:30 – 1:00 CST Petroleum Professional […]
Company News
Upcoming Webinar :: Primexx’s Journey with Novi
In this open discussion, Michael Mast of Primexx will present a case study on his experience leveraging Novi’s Machine Learning technology to optimize development and execute strategic planning.
Michael and Novi’s Ted Cross will dive into:
How has Primexx implemented Machine Learning to optimize development planning?
How can accurate forecasts make a case for acreage quality?
How do Machine Learning workflows stack up against traditional methods?
What are the most important criteria for gaining confidence in your forecasts?
Novi to Speak at SPE – Permian Cube Development Panel!
We are honored to participate in the inaugural event of the SPE Permian Basin Reservoir Study Group — a panel on cube developments! We’ve been working hard on the cube development problem, and are looking forward to discussing it with these great panelists! Details: Wednesday, August 18, 2021 11:30 AM – 1:00 PM CDT Bush […]
THREE Novi papers recognized as Best of URTeC 2020!
We are excited to announce that three of our papers have been recognized as Best of URTeC 2020! At Novi, our team pushes the industry forward every day with advances in machine learning for oil and gas developments, and we are thrilled to see the hard work of the team recognized. Click through for the […]
Novi Attends URTeC 2021! Click for presentation schedule & booth details.
Novi is excited to be exhibiting at BOOTH 4601 and presenting five papers! Click through for the full schedule.
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.
Novi’s New Prediction Engine Accelerates Well Planning
Novi Labs announces the release of Novi Prediction Engine™, a new self-service software capability that enables rapid modeling of oil & gas capital allocation scenarios in minutes.
Paramount Resources Integrates Novi’s Machine Learning into Well Planning Workflows
Novi Labs, Inc. and Paramount Resources LTD form partnership focused on increasing net asset values by enabling Paramount’s engineering teams to rapidly analyze all possible development scenarios to produce the most capitally efficient drilling plan.
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.
Bringing Transparency to Oil & Gas Predictive Analytics
The oil & gas business has seen its fair share of software vendors who claim magical results delivered via a black box approach.
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.
Novi Raises $7 Million, Welcomes Scott Sherwood as CEO
Austin technology startup closes Series A funding round with Cottonwood Venture Partners and Bill Wood Ventures, announces appointment of new CEO to grow and scale Novi’s team and leading AI-driven well economics software platform.