Automated PDP Forecast Data: Transforming Forecasting for Producing Wells in Oil & Gas

We’re thrilled to unveil a valuable addition to our Insight Engine data product: machine learning-driven, automated PDP forecasts. These forecasts are available today across all major  US Lower 48 shale basins.

One of the industry’s biggest challenges is forecasting young producing wells, which together account for nearly half of L48 production.  Novi’s expertise and years of experience building the highest quality AI Models allows Novi to generate highly accurate forecasts with as little as one month of reported production. By leveraging geology, completions, and spacing dynamics, Novi provides precise forecasts for producing wells no matter their age, eliminating the uncertainties of traditional methods like decline curve analysis or type curves.

Novi’s forecasting reliability and accuracy increases operational efficiency for asset screening and valuation workflows. These forecasts ensure that the value of young wells is accurately reflected, thereby strengthening asset evaluation for E&P companies and energy investors. These highest-quality, automated PDP forecasts are integrated into Novi Insight Engine and available through Novi’s API.  

“ Novi automated PDP forecasts revolutionize asset evaluation, ensuring that every well’s potential is accurately assessed and leveraged for maximum value.” – Ted Cross, VP of Product Management

The forecasts are currently available for Novi customers.

 

Have any questions regarding Novi’s Automated PDP Forecasts?

You can always request a free demo to see what’s under the hood and how Novi Labs can help you to unlock hidden investment opportunities.

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