Novi Platform Overview

It's time we're honest with ourselves :: oil and gas has a forecasting problem. The future belongs to operators who leverage data-driven approaches to make accurate development & investment decisions.

  • The most accurate, timely, and complete upstream data, combined with the industry's most powerful machine learning software.
  • The no-code platform which enables building AI & ML models without costly, specialized engineering or data science expertise.
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A New Approach to Oil and Gas production forecasting & analysis is Needed.

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.

Novi Labs Platform

Novi Labs Products

Novi optimizes oil and gas development & BD workflows with machine learning software and proprietary data outputs accessed through our cloud-based platform. Our development planning software creates accurate forecasts for infill drilling, completions optimization, cube design, and portfolio-level analysis.

Insight Engine

Quickly obtain answers to your questions on industry trends, production outlook, and competitor activity. Get to insights right away with our easy-to-use interface.

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Data Engine

Too much valuable engineering and analyst time is wasted assembling datasets by hand. Data Engine makes building analytics-ready datasets fast, easy, and reliable.

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Model Engine

Improve the quantity and quality of your technical analysis with Model Engine. Train best-in-class machine learning models with no coding required and full transparency.

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Forecast Engine

Improve returns on your development program, decrease your planning risk, and make more informed investment decisions with Forecast Engine.

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Novi products turn raw data into scenario driven well forecasts for oil well drilling optimization

Analytics-Ready Data

Get to better answers, faster.

Oil & Gas Focused AI

Algorithms tuned for your business problems.

Efficiency & Automation

Teams using data-driven approaches outperform traditional methods.

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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How Can Novi Labs help you?

Why you should adopt AI-driven workflows

WHERE, WHEN, AND HOW TO DRILL

WHERE, WHEN, AND HOW TO DRILL

The future of development optimization, A&D, and budget/planning workflows.

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IMPROVED VALUATIONS

IMPROVED VALUATIONS

Monitor permitting & drilling activity. Build accurate forecasts. Make better bids.

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THE FUTURE OF SURVEILLANCE

THE FUTURE OF SURVEILLANCE

Stay on top of trends in development activity, completions design, well productivity and more.

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FAST, ACCURATE DATA & ANALYTICS

FAST, ACCURATE DATA & ANALYTICS

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Novi products create value across the asset lifecycle

acquisition

Acquire

Data driven analog well selection
Acreage delineation.
Forecast & value PDP wells.
Evaluate PUD value creation potential.
Oil well design analysis.

appraise

Optimize

Well plan performance driver analysis.
Well engineering designs.
Prioritization of PUD development.
Economic sensitivity analysis.
Well planning scenario analysis.

forecasts

Automate

PDP oil well forecasting.
PUD oil well forecasting.
Drilling optimization workflows.
Acreage appraisal.
Oil well design optimization.

Novi Labs Products

A new approach to oil and gas production forecasting & analysis is needed.

Novi insight Engine

Designed for Oil & Gas Professionals to track E&P trends with an exceptional level of detail, including total production, well productivity, well permits, completion designs, production forecasts, well economics, EURs and more..

  • Simple, straight-forward navigation
  • Designed to be quickly shared or integrated into documents
  • Clean visualizations
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Novi Data Engine

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.
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Novi Model Engine

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
  • DOMAIN SPECIFIC ADAPTATION: Novi AI is tuned specifically for the oil & gas forecasting problems
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Novi Forecast Engine

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:
  • FLEXIBLE: Forecast Engine unblocks scenario driven analysis for A&D, development optimization, and budgeting & planning.
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Trusted by some of the world's top Oil & Gas and financial institutions

  • Shell
  • BlackSwan
  • BlueOx
  • Endeavor
  • Bedrock

Book a Personalized Demo of Novi Labs

READY TO SEE WHAT NOVI LABS CAN DO FOR YOUR TEAM?

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

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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.

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