[FANG's Double Eagle Acquisition] Double Eagle Outperforms Peers

Dear Subscriber,?

This week, we're diving into early insights from Brett Sinclair, Principal Analyst at Novi Labs, on the FANG-Double Eagle acquisition. The deal (valued at ~5.2x 2025 EBITDA) secures 40,000 net acres of core, predominantly undeveloped Midland Basin acreage.?

It brings approximately 27 MBo/d of production (69% oil) and includes 407 gross horizontal locations (we model around 244 operated). Activity remains strong, with 46 wells-in-progress averaging lateral lengths of over 11,000 feet.? Read the original post here >>

In this week's newsletter, we also share:

• [URTeC Paper] Forecasting Production Loss for Delayed Secondary Bench Development in the Midland Basin:?As greenfield opportunities shrink, operators turn to secondary benches—but delays can reduce production due to parent well depletion. Our study uses machine learning to quantify these losses and optimize well placement and timing.? Download the URTeC Paper here >>
• [Podcast] Novi’s Industry-Proven Forecasting Methodology – Learn how Novi’s advanced forecasting approach goes beyond traditional workflows, analyzing entire basins and identifying analogs to optimize well spacing, completion design, and development strategy. This methodology helps operators maximize returns and avoid costly inefficiencies.
• We’re Hiring! Novi is looking for a Director of Product Management to lead strategy, roadmap, and technical marketing. Apply now!?

Enjoy the read!

FANG's Double Eagle Acquisition: Double Eagle Outperforms Peers

Midland basin inventory is running thin, and larger operators are feeling the squeeze - FANG is no exception

Some early thoughts as Brett Sinclair works through the FANG-Double Eagle acquisition.

• The Double Eagle deal, valued at ~5.2x 2025 EBITDA, provides approximately 40,000 net acres of core, predominantly undeveloped Midland Basin acreage.
• Production of ~27 MBo/d (69% oil) with 407 gross horizontal locations (we model ~244 operated), including 46 wells-in-progress averaging over 11,000 ft lateral lengths.

Novi Forecasting Methodology: Optimizing Capital Efficiency and Production Accuracy

Inaccurate well forecasts cost operators millions in overcapitalized wells and missed production. Our industry-proven forecasting methodology goes beyond traditional workflows, analyzing entire basins and identifying analogs to optimize everything from well spacing to completion design.

The result? Accurate forecasts that maximize rate of return and prevent leaving money on the table

Forecasting Production Loss for Delayed Secondary Bench Development in the Midland Basin

Delaying Well Development Can Slash Production by 40%

As greenfield opportunities become scarce, operators are turning to secondary bench development in previously drilled locations. Our new Midland Basin research reveals a stark reality: waiting too long can cost you nearly half your potential production due to parent well depletion.

While stacked well configurations continue to show strong performance, staggered layouts face significant challenges from depletion effects. Our ML-driven analysis uncovers optimal timing and placement strategies to protect your investment.

Curious to learn more? Get the full full technical paper here >>

Director of Product Management

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If you're passionate about energy tech, have experience in unconventional Oil & Gas, and want to make an impact at a fast-growing startup disrupting the industry, apply now!

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