• Products
    • Products Overview
    • Oil and Gas Data
    • Oil and Gas Software
  • ML in Oil & Gas Blog
  • Resources
  • News & Events
    • Company News
    • Conference Presentations
  • About
    • About Novi Labs
    • Careers
  • Contact
Novi Labs
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
get started on your future of well planning with Novi

Novi Labs

  • Products
    • Products Overview
    • Oil and Gas Data
    • Oil and Gas Software
  • ML in Oil & Gas Blog
  • Resources
  • News & Events
    • Company News
    • Conference Presentations
  • About
    • About Novi Labs
    • Careers
  • Contact

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

“What do you mean the model doesn’t use **INSERT PET GEOLOGIC VARIABLE HERE**?!” Anyone who’s built and reviewed enough machine learning models and SHAP values will instantly recognize the question above. The algorithm dropped some geologic variable in the feature selection process due to high correlation with another input geologic variable, and someone in the […]

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 oil well 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. […]

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

“Upsizing well completions increase production 37.5%*!!!” Sure, but when? Where that asterisk lands will have a huge impact on the returns of oil well design completions. If it’s Peak Rate, that might shorten payback. If it’s EUR — now you might have a real valuable well. Oil and gas machine learning models can be trained […]

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

90% of American drivers say they’re better than average, and 90% of Shale focused Operators have “peer-leading” breakevens, returns and well production forecasts. Suuuure they do! How do you cut through Investor Relations fluff to identify top-performing operators to learn from, or underperformers to acquire? We will use machine learning to build unbiased benchmarks for […]

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

Primary Sidebar

NOVI ML IN OIL & GAS BLOG TOPICS

  • Automated Well Planning
  • Predictive Analytics
  • Well Completions
  • Drilling Optimization
  • Well Designs
  • Digital Oilfield Technology
  • Big Data Management
  • Artificial Intelligence in Oil and Gas
  • Conference Presentations

Recent posts

What can chess teach us about artificial intelligence in oil and gas?

December 16, 2020

Machine Learning Regional Profiles for Geologic Insights: Mapping Unconventional Production Drivers in the Williston Basin

December 14, 2020

Investing in Shale Oil and Gas Wells: Are you the House or the Player?

November 17, 2020

Analyzing Vista’s Record-Setting Vaca Muerta Wells with Oil and Gas Machine Learning Models

August 26, 2020

Making sense of it all: extracting actionable core-data from pXRF using PCA and K-means cluster analysis

August 7, 2020

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

July 14, 2020

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

Reach out

If you would like more information, please reach out using the form below.
  • This field is for validation purposes and should be left unchanged.

Reach out

Novi’s AI-driven well planning software is the only product of its kind that revolutionizes the way oil & gas investments are made. Drop us a line to request more information by clicking the button below!

Contact us today

Footer

Connect

  • LinkedIn
  • YouTube

oil and gas analysis by novi

Contact

1905 Aldrich Street, Suite 220
Austin, Texas 78723

intro@novilabs.com
512.368.9042

  • Home
  • Products
  • Resources
  • About
  • ML in O&G Blog
  • Privacy Policy

Copyright © 2021 Novi Labs
All rights reserved.