Optimize Well Spacing through Predictive Analytics

Well Spacing Data

Well spacing and parent-child is a four-dimensional problem critical to unconventional development optimization. Novi provides the most important spacing features in our database for every horizontal we cover, informed by our experience working with operators to forecast production. With Novi spacing data and machine learning software, engineers can evaluate the impact of various well spacing configurations on production rates, asset development plans, and well economics.

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Definition

What is Well Spacing?

Well spacing in oil and gas refers to the distance between wells drilled in a particular oil or gas reservoir. It is an important consideration in the exploration and production of hydrocarbons because it can affect the productivity and ultimate recovery of the resource. Well spacing is determined by a variety of factors, including the characteristics of the reservoir, the type of oil or gas being extracted, and the technology being used for drilling and production.

Why is well spacing important?

Well spacing is a critical factor in understanding production drivers and is one of the most influential design inputs an operator can use to control well production. Unlike things like geology, well spacing can be adjusted by operators to optimize production. It is a critical design parameter that can have a significant impact on the productivity and ultimate recovery of oil and gas resources. 

The optimal spacing between wells is dependent on factors such as the geology of the area, the reservoir characteristics, and the type of drilling and completion techniques used. By carefully configuring well spacing, operators can maximize their production rates and minimize the potential for well interference or drainage between wells.

Well Spacing Optimization for Oil Well Design Completion

Novi's well spacing approach​

Novi's machine learning platform

Novi’s machine learning platform incorporates multi-dimensional well-spacing features as part of its predictive tools.

Novi’s self-service tools allow users to configure well spacing parameters, including lateral and vertical distancing and defining the radius of investigation. Users can also specify geometries and boundaries for well spacing, and Novi calculates the well spacing for each individual well in four dimensions symmetrically and in time series.

What spacing calculations are available through Novi?

Our platform also provides over 50 features tracking all of the neighbors in different zones, both lateral stagger and stack, and provides every geometric component in every dimension of those well-spacing features. Users can choose which well spacing features best represent their design choices on optimizing their pad development, and Novi empowers users to have accurate forecasts based on the well-spacing design choices that they made. 

By leveraging Novi’s well spacing calculations, operators can optimize production and improve overall operational efficiency.

Why Novi Labs Upstream Data?

We offer the most up-to-date, accurate and complete oil & gas data on the market.

Operator-provided data

Novi Labs has licensed production data from its operator and royalty customers. This license allows novi to get non-public data like daily well-level production in Texas, operator-provided proppant, fluid, stages, clusters, and target formations

Fast & Reliable

Support your analysis with reliable oil well data. We ensure that public data is processed and made available to you the moment it is available. Significant efforts are made to ensure completeness and accuracy.

Industry-Leading Data Science

Novi builds analytics-ready, investment-grade datasets. We apply our data science expertise to automate quality checks, identity bad data, and improve data quality.

See Novi's well spacing tool in action

Schedule a demo with our product specialist to discover how your team can make the most of the Well Spacing tool. Analyze vertical and horizontal spacing, gain insights into parent/child interaction, and personalize fracturing strategies for each well.

Well Spacing tool Walkthrough

Want to know exactly how our well-spacing calculation works?

Join Charles Kosa, Novi’s Head of Customer Success, as he takes explains how Novi calculates the well spacing for each individual well in four dimensions symmetrically and in time series.
 

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