Latest product innovation from Novi improves accuracy of wedge forecasting, reserves forecasting, and valuation of acquisitions and divestiture opportunities AUSTIN, TEXAS (PRWEB) SEPTEMBER 30, 2020 Novi Labs (“Novi”) today announced the release of the next generation of its artificial intelligence-based modeling pipeline. The first application of this patent-pending pipeline integrates a fully automated and highly accurate Proved […]
Press
Digital Wildcatters Interview of Novi President Jon Ludwig
Novi President Jon Ludwig sits down with the cool cats at Digital Wildcatters for their first ever “video included” DW podcast and discusses Novi’s roots and the future of decision making in shale as continued pressure on strip price forces oil companies and investors to re-evaluate their decision making paradigms.
Novi’s New Prediction Engine Accelerates Well Planning
Novi Labs announces the release of Novi Prediction Engine™, a new self-service software capability that enables rapid modeling of oil & gas capital allocation scenarios in minutes.
Paramount Resources Integrates Novi's Machine Learning into Well Planning Workflows
Novi Labs, Inc. and Paramount Resources LTD form partnership focused on increasing net asset values by enabling Paramount’s engineering teams to rapidly analyze all possible development scenarios to produce the most capitally efficient drilling plan.
Novi Version 19.2 Released
Over the past couple of months, the Novi product development team has been hard at work preparing the next round of enhancements to our AI-powered well planning software. We are excited to announce that version 19.2 has been released!
Novi to Participate in URTeC2019
Leader in well planning solutions for unconventional development participates in URTeC panel and showcases latest technology for optimizing well design to enhance rate of return on capital.
Novi Raises $7 Million, Welcomes Scott Sherwood as CEO
Austin technology startup closes Series A funding round with Cottonwood Venture Partners and Bill Wood Ventures, announces appointment of new CEO to grow and scale Novi’s team and leading AI-driven well economics software platform.