Looking for a IHS Markit/S&P Energy Studio Analytics alternative?

Novi Labs vs. IHS Markit/S&P Energy Studio

Why Energy professionals choose Novi Labs:

The most accurate, timely, and complete upstream data enriched with operator-provided data.
Monthly well-level production data and other well data types
High-quality market alternative with advanced data science.
Collaboratively built with leading operators.

Trusted by some of the world's top Oil & Gas and financial institutions

We understand the importance of choosing an oil & gas data analytics platform that fits your business needs. That’s why we’ve compared what our platform has to offer with that of IHS Markit/S&P Energy Studio. The problem with all-in-one solutions like S&P/IHS Markit is that you end up paying a premium price for extraneous capabilities that you probably don’t need and won’t use, particularly because they lack specialization in a specific area of the energy value chain. Additionally, there’s a concern about the reliability of the data, as it solely depends on public sources, unlike Novi Labs, which utilizes operator-provided well-level data.

Our dataset is as accurate as any in the industry, with unmatched timeliness and ease of use. You can license the areas and capabilities that drive value to you and your organization, without having to pay for things you’ll never use. Our data includes production, completions, surveys, lease-to-well allocation, rig data, header data, production forecasts, and other key well data types. If you’re on the lookout for alternatives to S&P/IHS Markit, let us help you out!

Empowering Oil & Gas companies to gain insights into the oil and gas market.

Novi Labs = data quality + transparent pricing

Why Novi Labs Well Data?

We offer the most up-to-date, accurate and complete oil & gas data on the market.

Operator-provided data

Novi Labs has licensed production data from its operator and royalty customers. This license allows novi to get non-public data like daily well-level production in Texas, operator-provided proppant, fluid, stages, clusters, and target formations

Fast & Reliable

Support your analysis with reliable oil well data. We ensure that public data is processed and made available to you the moment it is available. Significant efforts are made to ensure completeness and accuracy.

Industry-Leading Data Science

Novi builds analytics-ready, investment-grade datasets. We apply our data science expertise to automate quality checks, identity bad data, and improve data quality.

What's covered?

All production & completion oil & gas data required for advanced analytical workflows.

Well header data
Production
Highly accurate lease-to-well allocation
Completions
Operator-provided proppant

Subsurface & landing zones
Acreage maps
Well tests
Well permits
Fluid
Clusters

Directional survey data
Well spacing
Production forecasts
Vertical and horizontal wells included
Target formations
Stages

Our approach is radically different from legacy solutions

How do we stack up against our competitors?

Investment-grade data; most accurate, complete, and timely data

Our oil and gas datasets offer unparalleled accuracy and completeness, delivered with industry-leading speed.

Plug and play machine learning models

Building your own machine learning capabilities can take several months to years, and requires huge upfront investments (like hiring a team of data science experts). Novi gives you best-in-class analytics with no coding or maintenance required.

Pre-built, interactive dashboards

Our ready-made dashboards allow you to spot correlations and crucial trends in the data with an exceptional level of detail - before your competitors.

Not sure how Novi Labs best fits your needs?

Novi’s AI-driven well planning software is the only product of its kind that revolutionizes the way oil & gas investments are made.

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Novi Labs Use Cases

AI-driven oil well drilling optimization workflows

"Traditional production forecasting & type curve tools" were supposed to solve all of our asset evaluation problems… until they didn't.

Budget & Planning

Automation of key workflows is a necessity.
Decrease planning risk.
Routine planning efficiency is critical.

Development Optimization

Improve scenario-driven analysis.
Optimize spacing/stacking design.
Quickly react to cost inflation.

Acquisition & Divestiture

Faster, smarter deal evaluations.
Proactively target assets.
Improve your divestiture price.

Leveraging Proprietary Data

What benefits does Novi's energy analytics offer?

Enhanced development optimization, improved acquisitions & divestiture valuations, and streamlined planning and budgeting

Accurate Production Data from Proprietary Sources

Access the most accurate production data possible, using proprietary sources that cannot be accessed anywhere else.

Accurately analyze well performance, improve investment decisions, and minimize work forecasting around noisy allocated data.

Completions Optimization

In critical states like Texas, usually only proppant and fluid volumes are available publicly.

Novi's analytics gives the ability to learn from dozens of operators' stage and clusters design, so you can identify opportunities to improve production, decrease costs, or both

Improved Production Forecasts and Decreased Planning Risk

Accurately forecasting development designs and upcoming wells depends upon accurate well-level data. Issues like lease-to-well allocation can decrease your forecast accuracy. NDN provides well-level data.

Unknown downtime can also decrease forecast accuracy, especially in early time. NDN data includes daily data, so you can accurately remove downtime from your training data.

In some jurisdictions like Alberta, the liquids content of production is often not available publicly. With NDN, you can train a model that has access to proprietary liquids production data.

E&P companies are turning to Novi Labs to gain a competitive edge

Over 2,000 customers are already using Novi Labs to improves decision quality, efficiency and return on capital.

"We did an extensive evaluation of present market offerings and selected Novi Labs as our a partner because they provide a single platform to facilitate our workflows while also being strongly aligned with our vision for creating value.”

Will Todd

CEO @ Bedrock Energy

“We have utilized the Novi technology over the past few years to rapidly analyze acquisition opportunities and optimize our drilling program,”

Ian Yingling

CEO @ Black Swan Oil & Gas

“We utilized Novi’s analytics software to help drive the sale of Primexx Operating to Callon Petroleum in late 2021. We are pleased to be among the first to leverage this integrated platform to facilitate the evaluation and optimization of oil & gas assets from potential to production.”

Samuel Blatt

CEO @ Blue Ox Resources

“Simple to use and full of great analytics, the Insight Engine (Previously ShaleProfile) dashboards have become my go to source for easy access shale E&P information.”

Eric Erickson

Director of Planning @ Endeavor Energy Resources

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We can walk through your requirements, answer questions, and review ways Novi Labs can help your organization.