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NOVI LABS

NOVI LABS

Austin, Texas, United States

NOVI LABS !

Energy Analytics for better investment decisions.

About NOVI LABS

The future of energy investment is shaped by AI-powered technology.

Novi is fundamentally changing how oil and gas companies and investors allocate capital and evaluate energy assets through advanced technology and data science, leaving behind outdated analytics and outdated workflows. We're empowering individuals in the energy sector to drive impactful change.

Description of Services

Building the missing piece in the energy data ecosystem.

Old energy asset evaluations fall short in addressing today’s challenges. As market conditions continue to be unpredictable, outdated technologies and workflows struggled to keep pace. As a result, E&P companies and energy investors have found themselves losing prime opportunities to competitors. This is largely due to relying on outdated production forecasting methods and the lack of easily accessible, reliable financial and technical datasets.

In the face of these obstacles, Novi Labs emerged as a catalyst for change. Unlike slow-moving incumbents, Novi introduced a data-driven approach tailored specifically for the energy sector. By integrating accurate upstream data licensed from leading operators, meticulously curated datasets by our engineers, and patented predictive analytics, Novi has transformed how investors identify acquisition opportunities, make investment decisions, and optimize drilling programs, all within a single, integrated platform.

While traditional providers grappled with complexity, Novi simplified operations and delivered rapid, actionable insights through a user-friendly interface. Our goal is to empower energy investors with accurate forecasts and valuable insights to make faster informed decisions confidently.

To make informed investment decisions and manage risks, analysts must quickly evaluate assets and validate future production claims across multiple wells, relying on robust datasets and time. The stakes of indecision or errors are high, with competitors potentially seizing opportunities. Novi’s analytics solution streamlines this process by managing the data -> model -> forecasting workflow, enabling quicker and more confident investment decisions.

Today, Novi isn’t just an analytics tool—it’s a competitive edge used by top operators and investors to maximize profits.

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What we do

Energy analytics for your industry

Unlock a comprehensive view of your energy investments with Novi, whether you're dealing with limited historical upstream data or lack in-house predictive analytics. We deliver AI-driven forecasts tailored to your needs.

 

1). Operators

Optimize engineering workflows, enhance development plans, and efficiently evaluate A&D opportunities.

Make rapid & accurate 
investment decisions and optimise development planning

Novi streamlines your workflow by integrating multiple data and analytics platforms, empowering E&P engineering teams with leading forecasting methodologies and top-tier well-level data licensed from top operators. Access unique datasets and accurately predict thousands of scenarios in hours instead of weeks – all without lifting a finger.

What challenges are we solving for E&P companies?

As an oil & gas operators, you’ve got hundreds of problems. Quality data analytics should not be another one.

Upstream Data Quality

Without high-quality data, you won't make high-quality forecasts. Public data has its limitations, but Novi's proprietary datasets and industry-leading allocation algorithm give your team reliable, accurate datasets. Novi has the most up-to-date, accurate and complete oil & gas data on the market.

Building & Maintaining Predictive Analytics

It's a long journey to go from code that runs on somebody's desktop to real software that your team can use reliably. Hiring software engineers and maintaining a codebase over years is NOT the business E&Ps should be in.

Data Visualization & Insights

In order for data to be truly useful, it must be analyzed and interpreted properly, which requires developing the necessary analytical skills and tools. Without these, even the most comprehensive and detailed dataset is unlikely to provide much value.

Legacy Production Forecasting Methods

Traditional forecasting methods may have limitations such as limited data, lack of reservoir complexity consideration, and potential bias. They can offer general insights but should not be solely relied upon for major decision making. AI can potentially provide more accurate forecasting results due to its ability to process large amounts of data and identify patterns

Limited Resources

With fewer engineers on the market and persistent pressure on G&A, operators have to learn how to do more with less. Novi Labs acts as a force multiplier for engineering teams with no coding or maintenance required.

It's a Risky Business

Operators put millions of dollars on the line for their exploration and development projects. Making the wrong decision comes with huge financial costs. By leveraging data science & machine learning, upstream oil and gas organizations can get a more accurate understanding of where and how to drill so they can proceed with confidence.

Existing technologies have reached their limits – We're radically changing the game

Simplify your development optimization, A&D, and budget/planning.

Novi helps E&P companies evaluate the value of assets, assess the risks, and customize drilling plans.

Best-in-class Upstream Data

Comprehensive coverage of upstream assets continuously updated. Industry-leading datasets for production, completions, spacing, and much more.

Predictive Analytics

Accurately predict scenario-driven well or pad/units forecasts in hours and make more accurate forecasts in hours and make high-quality economic decisions.

Data Visualization & Insights

Easily analyze production and completion trends with an exceptional level of detail and make informed decisions faster with intuitive dashboards

How are our analytics solutions being used?

Our analytics is designed to answer questions that E&P companies commonly have.

 

Spacing & Stacking Design

Drilling density is the most important decision you will make as an operator. Whether you’re optimizing a five-level cube in the Permian or tuning up a single-zone development, Novi can help you identify the most economic decision.

 

Completions Optimization

Forecast production, GOR, and WOR across a range of potential completions designs. Run sensitivities for cost and price across multiple zones and around the basin. Study interactions between completions design and spacing density.

 

Parent-Child Developments

Operators everywhere are dealing with parent-child degradation. How do you optimize your infill around existing parents? Novi can help you design your full development configuration to maximize returns.

 

Analyze Inventory Across the Basin

How many Tier 1, 2, and 3 locations have been drilled? How does that compare to remaining locations? Novi provides data-driven rock quality maps for sophisticated inventory analysis and operator comparisons.

 

Save Time on PDP Forecasts

Novi Machine Learning makes generating PDP forecasts for oil and gas easy. These forecasts can be used for a variety of purposes such as screening business development opportunities, forecasting well performance and monitoring competitor activity. Engineers can save time by using Novi forecasts and focus on other projects.

 

Evaluate PUD Potential

With Novi, you can generate accurate forecasts for undrilled locations in record time. This means more comprehensive evaluations for the bids that matter and time saved on the opportunities that don’t. Improve your ground game with accurate forecasts all the way down to the quarter-section level or smaller.

 

Accurate Production Data

Production data is the most important data to get right for any analysis. Novi’s proprietary datasets and industry-leading lease-to-well allocation algorithm give you the most accurate production data.

 

Understanding Production Drivers

What drives production? What variables are most important? How does that change from basin-to-basin and over time? Novi’s machine learning platform creates production driver datasets that help you answer these questions and more.

Novi is already helping world’s top energy companies improve decision quality, efficiency and return on capital. Curious about how it all works?

 

 

 

 

 

2). Financial Services

Enhance investments, spot trends, and outperform with advanced predictive analytics. 

Accurate asset valuations, data-driven investing and risk analysis.

Eliminate guesswork from your energy investment evaluations and address blind spots across the upstream value chain with our non-public well-level data and patented predictive analytics. You no longer need to juggle multiple tools to access data, news, research, and analytics—Novi streamlines your entire workflow.

Oil & Gas Data Analytics for Financial Services

Evaluate Energy deals confidently in moments — not days or weeks

When competition moves fast, you need to move faster. We empower investors, advisors and traders to make strategic decisions on potential investments, value assets, M&A opportunities with the most advanced data analytics in the industry. Focus on outperforming other investors while Novi seamlessly handles your data, research and insights needs.

Top investment banks, investors and private-equity groups trust our data and research.

Powerful data and analysis on O&G supply, investment opportunities, portfolio valuation, benchmarking...

Novi Labs = Accurate asset valuations, data-driven investing and risk analysis.

Without Novi Labs

Missing investment opportunities or developing faulty strategies based on erroneous data or flawed asset evaluation & forecast techniques.

With Novi Labs

Spot strategic opportunities before your peers, proactively evaluate acreage and make compelling cases for acquisitions or divestitures.

Navigate market changes confidently with our asset valuation and risk analysis methodology.

Takes the guesswork out of your energy investment evaluations

The actionable intelligence you need to anticipate risks, evaluate opportunities, and optimize investments.

Accelerate Deal Evaluation

Evaluate US energy companies and deals with ease using powerful forecasts, competitor intelligence, basin/play economics and analytical tools to analyze trends and uncover hidden opportunities, all supported by timely, high-quality proprietary insights.

Accurate Asset Valuations

Gain insight into your current upstream assets' intrinsic value and accurately predict production outlook across various scenarios within hours, not weeks — thanks to our advanced forecasting and analytics workflows.

Understand Market Trends

Gain a comprehensive industry view, identify trends, and uncover hidden opportunities to stay ahead and gain a competitive edge—accessible via our interactive online dashboards.

What challenges are we solving for financial services?

As an oil & gas investor or financial institution, you’ve got hundreds of problems. Access to reliable intelligence should not be one of them.

Economic Viability of an Operator's Assets.

Trying to find assets with a high remaining NPV? To achieve this, you need lots of reliable data from a variety of sources and then translate these into the metrics that you care about, like NPV.

Benchmark Operators

Comparing a company to its peers is one way to determine if it is a good investment. But building unbiased benchmarks isn't possible with low-quality data.

Validate Future Revenue Claims

Current tools and analytics are cumbersome, expensive, and require skills that are challenging. Novi helps with analysing revenue potential for new opportunities and expansion.

Forecast Asset Production Potential

Poor production forecasting can create very expensive problems for investors. Novi moves beyond spreadsheets and gut instinct with the data-driven methods built in collaboration with top operators

Asset Valuations & Risk Analytics

Asset valuation requires profound industry knowledge, as well as experience, accuracy, and attention to detail.

Proactively Target Assets

Identify companies that are performing well and are likely to continue growing, or spot trends that could indicate future market movements.

Why choose Novi over other solutions?

Tune out noise, get unbiased evaluations, and uncover hidden commercial opportunities with the most complete industry dataset available.

Proprietary Upstream Data

Quickly and accurately value interests with Novi's proprietary production data, best-in-class lease allocation, permits, geology, and more. Download data directly into your systems or use our visualization solution

Leading Predictive Analytics

Proactively identify investment opportunities, predict future production revenue with analytics-ready datasets and predictive analytics. Eliminate lengthy data gathering processes and time-intensive evaluation workflows

Data Visualization & Insights

Easily analyze production and completion trends with exceptional detail and make faster, informed decisions using intuitive dashboards—to maintain your competitive edge

Better Commercial Terms

Why tolerate price hikes, pushy sales tactics, and a data provider that doesn't listen to your needs? Save your company time and money with friendly commercial terms

We cut down the time spent prepping data to allow investors to focus only on the best-performing assets.

Why is our data so accurate, comprehensive and up-to-date?

To navigate the complexities of the US energy industry and effectively manage risks, you need access to unbiased, accurate, upstream data.

How are our analytics solutions being used?

Below a small sample of how our services are being used by investment banks, traders, investors, and private-equity groups

 

Evaluate the Economic Performance of Producing Wells

Simply state your economics assumptions, and using our forecasts and pricing data from the CME, you can immediately see financial metrics like (remaining) NPV, ROI etc.

 

Compare Which Wells Have a High Remaining NPV

How many wells have reached the end of their economic live? What is the break-even price of certain wells? Here you will find the answer to these and related questions.

 

Forecast How Much Tight Oil & Gas Will Be Supplied

Actual production & rig data is continuously updated for all counties in the US tight basins for the coming months and years.

 

Evaluate Who Are the Top-10 Largest Oil and Gas Operators

Select whether you want to see the top 5 or top 100 and the dashboard immediately reveals the ranking. You can see their production history, and also where the wells are located.

 

Compare Well Performance Between Operators

Has well productivity of the operator that you are interested in changed over time?

 

Asses Which Operators Have the Most DUCs

The status of all wells can be found here (spud, DUC, just completed, producing, inactive or plugged). You can also select a status and display the results by another dimension

 

Evaluate Oil and Gas Land Leasing Opportunities

This is crucial data to understand how much development potential existing operators still have in their acreage.

 

Compare Which Operators Have the Best Performing Wells

If you want to know where the best or worst performing wells are, and who operates them, we have the answers. You can choose your productivity metric and whether you want to compare operators, counties, or even individual wells.

Novi is already helping investors and financial services companies in identifying revenue opportunities, reducing risk, making cost-effective decisions, and more.

 

 

 

 

 

3). Minerals

Access top data for underwriting, 
asset monitoring, and industry trends. 

Be confident in your underwriting, monitor your assets, and stay on top of industry trends.

With Novi’s proprietary well-level production and industry-leading allocation algorithm you can confidently evaluate mineral interests in seconds, while reducing the frustration of unreliable production data. All available in easy-to-use, streamlined dashboards.

Maximize the potential of your oil and gas investments

With Novi Labs, mineral owners and non-operating investors access high-quality upstream data for underwriting, asset monitoring, forecasting future revenue and production, and staying informed on industry trends – all without the inflated prices and impractical terms of legacy providers.

The world's top mineral and royalty investors rely on us to help them realize the full potential of their upstream investments

Accurately value your investments and stay on top of industry trends.

Novi Labs = highest quality data at a great price

Without Novi Labs

Working with noisy production data and constant restatements. Dealing with painful providers who don't listen and force you to buy things you don't use.

With Novi Labs

Be confident in your asset valuations, and minimize the headache of noisy, inaccurate production data. Work with a friendly vendor with great commercial terms.

An analytics solution to bring peace of mind to mineral and royalty owners.

Assess market trends. Buy and sell with certainty

Gain insights into your mineral rights' value and explore new opportunities with highly accurate production data and PDP forecasts

Proprietary Upstream Data

Quickly & accurately value interest with Novi's proprietary production data, best-in-class lease allocation, permits, geology, and more. You can use our user-friendly interface or download the data directly into your systems.

Get the Most Out of Your Data

Novi can work with you to turn your production data into a valuable dataset. Minimize your time spent reforecasting your own wells thanks to restatements from your data vendors. Forecasting PDP used to be time-consuming, but not anymore with Novi.

Data Visualization & Insights

We brought together disparate oil & gas datasets to generate unique and differentiated production & completion insights accessible through our online interactive, pre-built dashboards.

The only analytics platform mineral & royalty owners need

How can Novi Labs help you?

Here's a quick sample of the questions you can effortlessly answer, all automated and in just seconds:

  • How much is each well producing on my minerals?
  • Can I underwrite this deal?
  • Are my operating partners using the best completion techniques?
  • How can I compare the well performance of different operators?
  • How can I learn about permit activity?
  • How much tight oil & gas will be produced in the future?

How are our analytics solutions being used?

Our products are designed to answer questions that mineral owners or working interest investors commonly have.

 

Evaluate the Economic Performance of Producing Wells

Production data and forecasts are continuously updated with the latest data

 

Compare Well Performance Between Different Operators

Evaluate how these have change over time and who is more productive.

 

Evaluate How Many Permits Have Been Approved

How many permits were approved over time, where they are located and individual details. You can also rank operators by the number of approved permits in any time period.

 

Forecast PDP and PUD Reserves

Not only that, the status of all wells can be found here (spud, DUC, just completed, producing, inactive or plugged).

 

Save Time on PDP Forecasts

Novi Machine Learning makes generating PDP forecasts for oil and gas easy. These forecasts can be used for a variety of purposes such as screening business development opportunities, forecasting well performance and monitoring competitor activity. Engineers can save time by using Novi forecasts and focus on other projects.

 

Asses How Much Oil & Gas Was Produced by Operator

You can find the total amount of oil or gas produced by any set of selected wells.

 

Evaluate Who Are the Top Operators in Your Area

Select whether you want to see the top 5 or top 100 and the dashboard immediately reveals the ranking.

 

Evaluate Which Operators Have the Best Wells

You can see their production history, and also where the wells are located.

 

Asses How Gas/Oil Ratios are Changing Over Time

Many customers find it important to understand GOR trends as they may impact decline curves and it changes the product mix over time.

 

Interpret Subsurface Data

Applying machine learning for subsurface data interpretation helps improve production and recovery rates. Determine if an unconventional play is worth the time and effort.

 

Spot Trends in Horizontal Drilling

Spot what the trends are and how activity is shifting between counties/basins.

 

Rank Operators by the Number of Approved Permits

Get insights on which operators are most likely acquiring new permits and where are these permitted locations.

Novi is already helping mineral companies quickly & accurately value interest with Novi's proprietary production data, best-in-class lease allocation, permits, geology, and more.

 

 

 

 

4). Oil Field Services (OFS)

Monitor production, D&C, and basin performance.

Capture new business development opportunities

Grow your business by tracking production trends, D&C activity, and well performance in all basins. Discover drilling opportunities, monitor oilfield activity, and make cost-effective decisions with Novi's easy-to-use analytics and friendly commercial terms.

Trusted by some of the world's top E&P Companies

Understand the factors driving well performance and identify business opportunities

Novi Labs = high quality data for a reasonable price

Without Novi Labs

Do you want to keep dealing with price increases, aggressive sales reps, and a data provider who doesn't listen to you?

With Novi Labs

High-quality data in an easy-to-use interface. Work with the friendly upstart!

An analytics solution that will help you gain more customers and grow revenue.

Visualize current market trends and monitor opportunities

Understand the areas you are interested in and take advantage of our analytics to increase your revenue

Better strategic planning

Actionable market intelligence to support oil and gas companies' contract, procurement, and strategic planning teams in making better sourcing decisions.

Uncover revenue opportunities

Screen and assess investment opportunities, mitigate subsurface risks, track competitors, evaluate partners, and benchmark reservoir performance.

Understand Market Trends

Gain a comprehensive view of oilfield activity and market trends with our simple web platform, integrating permitting details, production metrics, completion insights, and rig data seamlessly

Why choose Novi over other solutions?

Tune out noise, get unbiased evaluations, and uncover hidden commercial opportunities with the most complete industry dataset available.

Proprietary Upstream Data

Quickly and accurately value interests with Novi's proprietary production data, best-in-class lease allocation, permits, geology, and more. Download data directly into your systems or use our visualization solution

Leading Predictive Analytics

Accurately predict revenue from future production with analytics-ready oil and gas data and predictive analytics, eliminating lengthy data gathering processes and time-intensive evaluation workflows.

Data Visualization & Insights

Easily analyze production and completion trends with an exceptional level of detail and make informed decisions faster with intuitive dashboards

Better Commercial Terms

Why tolerate price hikes, pushy sales tactics, and a data provider that doesn't listen to your needs? Save your company time and money with friendly commercial terms

How are our analytics solutions being used?

Below a small sample of how our services are being used by top OFS companies.

 

Compare Well Performance Between Different Operators

Evaluate how these have change over time and who is more productive. Make sure you have the context you need to win the contract.

 

Evaluate the Economic Performance of Producing Wells

Who’s making money, and who is losing it? Quickly screen value at a range of prices.

 

Scout Permit Activity

How many permits have been approved, and where are they? You can also rank operators by the number of approved permits in any time period.

 

Asses How Gas/Oil Ratios are Changing Over Time

Is an operating having trouble with wells going gassy? Quickly answer that question with Novi.

 

Spot Trends in Horizontal Drilling

Spot what the trends are and how activity is shifting between counties/basins.

 

Rank Operator Performance

Learn from the leading operators, and use that to refine your pitch to the rest.

 

Save Money on Your Data Subscription

Novi won’t force you to buy every fancy dataset and functionality under the sun. We offer competitive pricing — we aren’t a monolithic corporation trying to squeeze you!

 

Integrate Data into Your Own Systems

Do you have internal databases and dashboards? Novi offers standard API access for full internal integration.

Novi is already helping oil field service companies identify revenue opportunities, make cost-effective decisions, and more.

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