Behind the TRP-Diamondback Energy Asset Swap: A Strategic Analysis
Dear Subscriber,
We are glad to share our latest analysis of Diamondback Energy's strategic asset swap with TRP Energy. Our research team examines how this Delaware-for-Midland trade could enhance Diamondback's portfolio through core Wolfcamp B locations, DUCs, and oilier production profile.
Download the full report for our detailed evaluation of inventory quality, breakeven economics, and production potential.
In this week's newsletter, we also share:
Enjoy the read!
What's Behind the Diamondback-TRP Asset Swap?
Our research team analyzes Diamondback’s strategic repositioning in the Permian. The trade: Vermejo asset (33K acres, 51% oil) plus $237.5MM cash for TRP's premium Midland position (15K acres, 70% oil). We estimate the deal delivers 73 high-grade drilling locations, significantly higher oil cut, and expected boost to 2025 cash flows.
Expanding Machine Learning Models for Better Production Forecasting in Emerging Shale Basins
How accurate are ML models in data-limited basins? Kiran Sathaye took on the challenge in the NW Shelf of the Delaware Basin, and the results surprised us. Expanding our dataset proved vital for reducing forecasting errors. Discover how these findings can help operators succeed in emerging fields in this blog post.
Dug Executive Oil Conference Expo
Only 1 week until Jon Ludwig of Novi and Sushma Bhan of Ikon Science share key insights on AI in Well Operations at the DUG Executive Oil Conference! Learn about:
Why do some states show up to 50% discrepancy across data sources?
The difference lies in accurate, well-level data. At Novi, we’re taking the guesswork out, using direct data from operators to deliver precise, reliable insights on production and potential.
Current Job Openings
We're growing rapidly and expanding our team across multiple departments. Visit our careers page to explore the seven job openings available.
- Data Engineering Manager - US Remote
We are seeking an experienced and dynamic Data Engineering Manager to lead our growing data team. In this role, you will oversee the architecture, development, and deployment of our foundational data product while fostering collaboration and driving impactful results.
- Senior Data Scientist - US Remote
We are seeking a skilled and innovative Senior Data Scientist to join our team. In this role, you'll design and implement data-driven solutions, collaborate with SMEs, and drive impactful results through cutting-edge machine learning and analytics.
- Customer Success Advisor - US Remote
We are seeking a dedicated and dynamic Customer Success Advisor to help clients maximize the value of Novi's data analytics solutions. In this role, you'll drive user adoption, deliver tailored training, and collaborate across teams to ensure exceptional customer experiences and impactful results.
- Account Exectuive - Remote / Austin TX?
We’re hiring an Account Executive to drive growth at Novi Labs. If you’re a self-starter with a proven track record in SaaS sales and love a collaborative work environment, this could be your next big move!
- Senior Data Engineer - The Netherlands (Rotterdam)
We are seeking a skilled and passionate Senior Data Engineer to join our dynamic team. In this role, you will be responsible for building, expanding and optimizing data pipelines.
- Senior/Principal Analyst - Austin / Remote (North America)
As an analyst at Novi, you will be at the forefront of revolutionizing how operators and inventory are valued. Leveraging our advanced upstream data, cutting-edge inventory models, and machine learning tools, you will help pave the way to a new, more accurate method of benchmarking energy companies and forecasting future energy supply
- Senior Software Engineer (Python) - Remote / Austin TX?
Novi Labs is looking for an experienced Senior Software Engineer with a passion for systems thinking and careful design. This role is for an engineer to support and further develop our market-leading machine learning platform for forecasting and optimization.
- Senior Java/Full-stack Engineer - US Remote
We are in search of a seasoned Java engineer that has a passion for sound design and engineering practices and is adept at making reasoned short-term vs long-term trade-offs.
Ready to see what’s under the hood and how Novi Labs can help you get valuable insights?
Book your personalized demo with our team: https://novilabs.com/request-a-demo/