Empowering Oil & Gas Forecasting with Proprietary Data

Novi's Analytics Data License

Novi’s analytics data license enables oil and gas companies to build Novi models that learn from other licensors’ data without exposing the underlying data.

  • Daily well-level production, completions, location and target formation data.
  • >24,000 horizontal wells across 12 shale basins.
  • Data contributors have access to NDN datasets for model builds only.
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Join the ranks of industry leaders that have overcome bad analytics data problems by using Novi Labs
  • Shell
  • Blue OX Resources
  • Bedrock Energy Partner
  • Endeavor Energy Resources

Leverage the power of proprietary data

One platform, limitless insight

With Novi's machine learning platform and analytics-ready dataset, customers can build accurate forecasting models for informed business decisions.

 

Operator-provided data

Unique dataset with exclusive well-level, daily production data and rarely-available completion data.

Better forecasting models

Highest-quality pre-drill forecasts, asset valuations using proprietary data, and development optimization.

Fully Integrated Into the Novi Platform

All data has been merged, cleaned, and vetted by Novi reservoir engineers, and is now ready for use with just a single click.

Analytics Data License: Solving What Problem?

The most accurate forecasting can only be accomplished with the most accurate data. Our data license effectively tackles the public-proprietary data quality gap by providing members with high-quality proprietary data for model training. In Texas, production is at the lease level. In Alberta, the liquids composition of gas wells is generally not reported. In Argentina, bottom-hole locations are not publicly disclosed. All of that data is available through NDN.

With over 20,000 wells from 50 operators, our analytics data license sets itself apart by offering its members exclusive access to proprietary data that is not typically disclosed to regulatory agencies, including non-allocated production, completion stage and cluster counts, target formations, and more. This approach allows E&P operators to train their machine learning models using exclusive datasets. Our analytics dataset stands out with its inclusion of +20,000 wells sourced from over 50 operators. 

Leveraging Proprietary Data for Machine Learning Training

ANALYTICS DATA LICENSE SCOPE

Our Data analytics license has a key difference with a standard data consortium: the data are not exposed or provided to anyone else. The data is used only for training models, letting the models learn from a wide range of data without actually sharing the data. Only members can access this data.

 

Well Header

Well API
Well Name
Surface Hole Lat/Long
Bottom Hole Lat/Long

DRILL/COMPLETE

Total Proppant
Total Fluid
Total Stages
Total Clusters
Lateral Length
Target Formation

PRODUCTION

Oil Production (Daily)
Gas Production (Daily)
Water Production (Daily)
Condensate Production (Daily)

Leveraging analytics-ready Proprietary Data

How does our analytics data license add value?

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

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. Our licence includes well-level data.

Unknown downtime can also decrease forecast accuracy, especially in early time. Novi's data license 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 the analytics data license, you can train a model that has access to proprietary liquids production data.

Completions optimization

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

Our data license 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

Gain an edge in A&D evaluations

BD teams are often at a disadvantage the moment they step away from their core areas because they lack proprietary datasets.

Novi Labs gives BD teams a proprietary dataset to use in A&D valuations. Generate highly accurate forecasts and look for optimization opportunities, even in basins you haven't worked before.

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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