Industry Recognition

We are proud to be regularly featured as a trusted source of insights in major journals, notably the Wall Street Journal and the Journal of Petroleum Technology (JPT).

Press & Media

Data-driven Workflow Makes Better Use of Historical Data to Improve Return on Capital

February 24, 2022

For more than 100 years, the oil and gas industry was a profitable place to invest capital. As such, it had no problem attracting capital as the shale revolution started in 2012. With the protection of high oil prices over a prolonged period of time, shale drilling seemed as profitable as any other form of E&P development.

Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready

October 17, 2021

Demand for oil, coal and natural gas has skyrocketed world-wide in recent weeks as unusual weather conditions and resurgent economies emerging from the pandemic combine to create energy shortages from China to Brazil to the U.K.

Novi Water Modeling featured in JPT September Issue

July 28, 2021

Cube drilling was an exciting idea several years ago. Since then, the luster seems to have faded. Now, production software company Novi Labs says machine learning may bring life back to the concept.

The Giants of U.S. Shale Are Proving OPEC Right With Discipline

March 12, 2021

Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one -- for now, at least.

Biden’s Order to Freeze New Oil Drilling on Federal Land: What You Need to Know

Jan 26, 2021

The administration is halting new drilling permits on U.S. lands as it seeks to fight climate change. Here’s how that affects American production.

Water, Water Everywhere: Using ML and Game Theory To Win at Produced-Water Forecasting

August 31, 2020

The article highlights the many ways that the potent combination of machine learning models plus “explainability” datasets like SHAP values (from Game Theory!) can add value for operators, midstream companies, and local stakeholders.

U.S. Frackers to Zero In on Richest Oil Fields After Coronavirus

June 09, 2020

Southwest’s Permian Basin to draw most new investment, while less-profitable fields face longer road to recovery

Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

May 24, 2020

Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets...

Is the Next Oil Production Breakthrough Already Here?

January 15, 2020

The Oil & Gas industry has at last seized on the promise of digital and is poised for a step-change in efficiency over the next five years. Digital technologies will reduce the cost of production by almost 10% globally while increasing recovery rates by the same amount.

Is the Next Oil Production Breakthrough Already Here?

July 2019

Just prior to URTeC 2019, Barry Friedman of AAPG Explorer asked Novi President Jon Ludwig some important questions about the future of digital oilfield software adoption – particularly when would rapid adoption start to happen across the industry.

SHELL iSHALE® COLLABORATES WITH NOVI LABS LLC

March 16, 2017

Shale® leverages recent advances in automation, digitalization and advanced analytics to increase production and decrease costs and safety risks. Moreover, it offers environmental benefits in the form of greater energy efficiency and reduced operational footprint…

Rapid Evaluation of Development Ideas Has Engineers Thinking: What If?

July 31, 2018

What started as a project to automate the tedious task of creating and updating well production forecasts at Range Resources led to a system that challenges engineers there to question the status quo....