novi is oil and gas forecasting software driven by machine learning
Our cloud based shale oil & gas oil drilling software platform is designed to improve economic outcomes and drive efficiency for oilfield drilling operators and investors.
The novi software platform
The Novi Data-Model-Forecast oil and gas software workflow drives forecast efficiency, accuracy and scale
Novi data engine
well production software
Novi is a complete data management solution to create oil & gas analytical datasets with oilfield mapping software
DATA QUALITY: Create business rules that filter wells based on data quality, set dataset precedence, and clearly show why wells are being filtered out with our well investment software.
SPACING: Configure Novi spacing algorithms and data quality based filtering rules.
SUBSURFACE: Create, manage and connect to subsurface datasets in our completions software.
SCALABLE: New or updated data from multiple sources can be immediately integrated and published in minutes.
NOVI FORECAST ENGINe
well planning software
Dynamic ML model interaction driving asset valuation & optimization workflows
FAST: Novi automatically calculates the spacing & subsurface data for all your PUD & PDP wells in our oil and gas well forecasting software.
SCENARIO DRIVEN: Novi Forecast Engine calculates spacing given:
- Existing PDP wells & proposed PUD well inventories.
- User defined configuration.
FLEXIBLE: Forecast Engine unblocks scenario driven analysis, including use cases like:
- Spacing impact of different development plans.
- Infill vs. co-development.
- Stimulation impact given subsurface and spacing: oil field software outputs
Use Case: Using our oil and gas forecasting software to evaluate delay-vs. infill for Parsley’s acquisition of Jagged Peak: watch video
NOVI MODEL ENGINE
digital oilfield software
Domain specific AI engineered to produce explainable well forecasts
EFFICIENT: Data driven forecasting models producing basin wide well forecast scenarios in minutes with our oil and gas production software.
EXPLAINABLE: Instantly learn how and why a Novi model made any forecast for any well.
- Which variables drove model predictions up or down, measured in units of bbls or mcf.
- Exposes which wells the Novi model thought were analogs for any Novi forecasted well.
DOMAIN SPECIFIC ADAPTATION: Novi AI is tuned specifically for the oil & gas forecasting problems
- Automated calculation of well specific data, such as spacing, stacking and parent/child attributes is built into our oilfield software.
- Automated AI algorithm selection and tuning.
- Automated correlated data filtering.
NOVI CLOUD
oil & gas analytics software
Novi Data outputs optimized for instant analysis in BI tools
ANALYTICS READY DATA: Novi products automatically publish analytical data outputs that are pre-optimized for business intelligence tool consumption in our oilfield production software.
EFFICIENT: Quickly connect to new versions of analytical datasets in Novi Cloud.
SCALABLE: Publish analytical datasets in BI friendly format to Novi Cloud in minutes.
DYNAMIC: Data sourced from ‘data room’ sources can be immediately published & shared to Novi Cloud oil and gas reporting software.