Novi Labs

In this week’s newsletter, we reveal how ML exposes the real economics of the Midland Basin, often missed by traditional type curves. We also cover how debiasing your models improves forecast accuracy, take a closer look at Civitas’s high-upside Permian deal, and we invite you to our Happy Hour in OKC during the SPE Symposium!

We’re proud to be featured in a new Reuters article exploring the shifting landscape of the Permian Basin. Using Novi energy analytics, our research team reveals that nearly two-thirds of Midland and over half of Delaware core inventory have already been drilled—marking a pivotal transition point in the basin’s development. Read the full article here: https://lnkd.in/gpQH4yKB

It’s happening! Novi is hosting a Happy Hour in OKC! Join us on April 15 at Social Capital for an evening of drinks, appetizers, and good conversations with other industry professionals attending the SPE Oklahoma City Symposium. You’ll connect with decision-makers, tech leaders, and familiar faces from operators across the L48. By invitation only. Let us know if you'd like to attend! https://lnkd.in/eWCuAm7v

Curious who’s leading the Dean Formation race? Watch how we instantly benchmark Birch Resources’s impressive wells against Diamondback Energy’s position with just a few clicks. Toggle between operators, apply production timeframes, normalize by lateral length, and visualize performance differences across the Dawson area—all in real-time. This is how modern energy analysis should work.

Great energy at the?SPE GCS: Data Science Convention 2025! We were proud to take part, with our VP of Customer Success, Jorge Garzon, Ph.D., joining a panel of experts from Chevron, Cognite, Databricks, and CyberWorX Energy LLC... Thanks to Society of Petroleum Engineers - SPE GCS Gulf Coast Section for bringing together a room full of professionals who are driving real progress in Oil & Gas.

Machine learning is redefining how we understand remaining inventory in the Midland Basin. In this study, we show that traditional type curve analysis can underestimate breakevens by 30% and overstate inventory by years. Discover how ML reveals the true economics of the basin, and why a granular, well-level approach is essential for development strategy going forward. Download the full paper to get the insights (Link in the comments)

Civitas Resources's latest Permian acquisition shows tremendous potential! Our analysis reveals this asset could be worth up to 2.7x the acquisition price in the maximized NPV scenario. Even in the base case, the acquisition achieves positive returns with a 1.03 profitability index. The marginal case pushes this to 2.39, showing strong upside potential as development strategies are optimized. This acquisition continues Civitas's strategic rebalancing toward the Midland following earlier moves with Tap Rock, Hibernia, and Vencer acquisitions. Small parcels, big returns - another example of how strategic Permian positioning can deliver outsized value in today's market. Read more about this deal on our report. Only available to Novi Intelligence subscribers. https://lnkd.in/e3cgTxJq

When spacing bias creeps into your ML workflows, forecasts can look accurate but be completely misleading. Traditional models often misinterpret the relationship between well spacing and production due to inherent data biases. Discover how advanced debiasing techniques can uncover the true spacing signal, leading to more accurate forecasts and better decision-making.?

Say hello to Markus Gay! Our new Senior Software Engineer is all about tackling complex challenges and driving innovation. Beyond coding, he enjoys gardening, biking, and exploring new places with his wife. We’re thrilled to have you!

In this week’s newsletter, we take a closer look at Civitas’s Permian deal, explore why tighter well spacing can backfire, and examine how Maverick stacks up across the Anadarko. The 2025 Reservoir Engineer Survey is closing soon—don’t miss your chance to help shape the results.