Novi Labs

Evaluating PV10 acquisition scenarios using Novi Cloud outputs in Spotfire

In the video below, Novi Founder & President Jon Ludwig walks through how to use Novi Prediction Engine Economic outputs in Tibco Spotfire connected through Novi Cloud. In this case, Novi economic outputs for 4, 8 12 and 16 well per section development plans were compared along with five different completion designs evaluated in the southeastern Delaware basin where Parsley Energy just acquired the Jagged Peak acreage.

Interested in learning more? Fill in the form below and we'll be in touch.
  • This field is for validation purposes and should be left unchanged.

More resources

Contributing Wells — Using Novi Production Modeler Software to See Which Wells Contributed to the Prediction

Using Prediction Engine to Evaluate Whiting’s Undrilled Acreage

Impact of delay-and-infill strategy on recoveries and returns :: Parsley – Jagged Peak acreage

Using game theory and confidence interval outputs from a machine learning model to risk adjust oil well returns

Iterating and optimizing completion designs across NBL’s entire Delaware DUC inventory in minutes

Given sub-$30 wti strip, how can NBL maximize returns on their DUC inventory?

Changing plans on a dime: analyzing QEP’s Midland asset given sub-$30 WTI strip with Novi Prediction Engine

Deriving a regional subsurface model in a day from logs and tops – Novi Subsurface data extraction workflow

AAPG Explorer article “Is the Next Oil Production Breakthrough Already Here?” featuring Novi President Jon Ludwig

Prediction Engine Version 2 Software Demonstration

SHELL iSHALE® COLLABORATES WITH NOVI

JPT Article Featuring Novi – Rapid Evaluation of Development Ideas Has Engineers Thinking: What If?

Novi / Range Resources SPE-191796-18ERM-MS: Integrating Big Data Analytics Into Development Planning Optimization

Co-Develop vs. Infill – A Complex Question

Barclays Bank "Frac to the Future" Analyst Report (rel: January 2020)

Evaluating PV10 acquisition scenarios using Novi Cloud outputs in Spotfire

Using Novi Prediction Engine to evaluate Parsley Energy’s acquisition of Jagged Peak

Novi AAPG ACE 2019 Paper – Production and Subsurface Machine Learning Model for Predicting Hydrocarbon Recovery

Picking the Best Statistical Approach for Modeling Hydrocarbon Systems

5 Ways to Prevent Over-Engineered and Overpriced Wells