Industry Recognition

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

A selection of articles that feature us.

WSJ: U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear

March 8, 2022

America’s biggest oil gushers are shrinking, evidence that companies have drilled through much of their best wells
WSJ

Bloomberg: Oil Wells Creeping Into Texas Cities Herald Shale Era's Twilight

December 12, 2022

The world can no longer rely on the Permian Basin to keep crude prices in check, with new wells pumping less oil per foot drilled.
Bloomberg

Reuters: Europe can't look to U.S. shale to fill any OPEC gap

December 06, 2022

U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world's largest producer, but now they are running out of runway.
Reuters

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 ...

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...

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.

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....

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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