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Conference Presentations

THREE Novi papers recognized as Best of URTeC 2020!

August 2, 2021

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 […]

Filed Under: Machine Learning in Oil and Gas Blog, Company News, Conference Presentations

Novi Attends URTeC 2021! Click for presentation schedule & booth details.

July 7, 2021

Novi is excited to be exhibiting at BOOTH 4601 and presenting five papers! Click through for the full schedule.

Filed Under: Digital Oilfield Technology, Machine Learning in Oil and Gas Blog, Company News, Conference Presentations

Novi geoSHAP – estimating rock quality using SHAP values in machine learning models: URTeC 2020 Novi Paper Summary

July 14, 2020

geoSHAP: estimating rock quality using SHAP values in machine learning models

Can a machine learning model learn where the play sweet spots are, just from raw well logs? The answer is YES. Using logs (or any input geo variables), plus a principal components analysis, gives the model everything it needs to learn what drives production.

This is the subject of our most requested URTeC 2020 paper — geoSHAP: A Novel Method of Deriving Rock Quality Index from Machine Learning Models and Principal Components Analysis. Click through to learn more!

Filed Under: Big Data Management, Machine Learning in Oil and Gas Blog, Conference Presentations

Water, water everywhere: oil well water analysis with machine learning models to improve produced water forecasts in the Williston Basin: URTeC 2020 Novi Paper Summary

July 6, 2020

Oil well water production with average 90-day cum for Bakken and Three Forks

How often does an engineer dash off a simple produced water analysis, doing something like applying a flat WOR to their oil prediction? It’s easy to ignore water, but unexpectedly high production, leading to more produced water, can damage well economics. In the worst cases, it can force shut-in if disposal capacity is full.

Fortunately, advanced machine learning methods developed for oil can be applied to water. These technique help disentangle the complex interactions of completions, geology, and spacing.

This is the subject of our URTeC 2020 (and JPT-featured) paper. Read the summary here.

Filed Under: Big Data Management, Machine Learning in Oil and Gas Blog, Conference Presentations

The Changing Impact of Oil Well Design Completions Through Time: URTeC 2020 Novi Paper Summary

June 26, 2020

Average SHAP Value to forecast oilfield completions

Using a single scaling factor instead of a time series can ruin your well economics. An upsized completion might increase your production 20%, but knowing whether that applies to peak rate or EUR can have a huge impact on your well economics.

Machine learning models can predict a time series of production. This means you can evaluate the impact of completions design over the life of a well. Read the URTeC paper summary here.

Filed Under: Predictive Analytics, Well Completions, Well Designs, Machine Learning in Oil and Gas Blog, Conference Presentations

Building Unbiased Benchmarks with Machine Learning Oil and Gas Modeling: URTeC 2020 Novi Paper Summary

June 15, 2020

Machine learning can help you build unbiased benchmarks for operator performance! Operators, financial services, and investors will all appreciate this one.

We take a look at EOG and MRO performance in The Bakken.

Filed Under: Predictive Analytics, Machine Learning in Oil and Gas Blog, Conference Presentations

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Recent posts

Is it worth It? Quantifying the value of collecting and interpreting subsurface data. [URTeC 2022 Novi Paper Summary]

April 12, 2022

Overcoming barriers to data-driven workflows: introducing Novi Model Engine

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Novi Labs Announces the Release of Novi Model Engine

March 2, 2022

Public Data Models: Better Than Anyone Expected

February 17, 2022

Founder Point of View :: Novi Acquisition of ShaleProfile

January 19, 2022

Upcoming Webinar :: Primexx’s Journey with Novi

October 4, 2021

Novi to Speak at SPE – Permian Cube Development Panel!

August 9, 2021

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