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Digital Oilfield Technology

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

November 17, 2020

are you the house or the player when it comes to shale well investing?

We want to invest in shale oil and gas wells that operate like a casino. Why? Casinos make lots of money based on a simple concept. Players under all possible outcomes vs the House are at a disadvantage. The probability that they will lose is always greater than the probability that they will win. Casino […]

Filed Under: Automated Well Planning, Drilling Optimization, Well Designs, Digital Oilfield Technology, Artificial Intelligence in Oil and Gas, Machine Learning in Oil and Gas Blog

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

April 30, 2020

All Training Oil and Gas Well Production Data Tree

Whether exploring for oil offshore Brazil or scaling type curves in Lea County, engineers and geologists rely upon the power of analogy to estimate the productivity of a given area or engineering design choice. We use geologic and engineering similarities to group oil and gas wells, then we use an average of that group to […]

Filed Under: Predictive Analytics, Digital Oilfield Technology, Big Data Management, Machine Learning in Oil and Gas Blog

five ways smart digital oilfield technology & applications might save the Shale industry

March 18, 2020

Bloomberg break-even costs curve can be improved by digital oilfield technologies.

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. We are price takers at the end of the day, so we as an industry are all trying to do what we always do – pick ourselves up by the bootstraps and find a way forward. I have some ideas utilizing digital oilfield applications that we can use as a foundation to stand on.

In this post, I’m going to discuss where things are at, Level set on what response vectors the shale industry has taken thus far and much more. Read the full report here.

Filed Under: Digital Oilfield Technology, Machine Learning in Oil and Gas Blog

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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

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