Oil & Gas Glossary

Clustering​

Confused by multitude of oil & gas data and analytics terms? Get easy-to-understand definitions in our glossary.

What is Clustering?

A type of unsupervised learning used to group unlabeled data. In oil and gas, it could be used for tasks such as grouping wells with similar production characteristics.
 
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INTRODUCING CAUSAL MODELS

Accurate forecast on parent-child developments

In this live webinar, you will learn how Novi’s new algorithm improves model sensitivity for spacing and parent-child scenarios, providing powerful results for previously difficult-to-analyze problems.

Ted Cross, our VP of Product Management, will show you how this update improves spacing and infill scenario analysis without sacrificing model accuracy.