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Expanding Machine Learning Models for Better Production Forecasting in Emerging Shale Basins

Novi

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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Forecasting Pads with Spacing Variation: Standard vs Causal Models

Novi

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. Figure 3: Location of test pad in the Delaware Basin, Lea County. Figure 4: Winerack scenarios for Delaware Basin test pad.

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How to Build a Physically Sensible Model in a World of Biased Data: Double Machine Learning

Novi

In these cases, practitioners turn to a field called causal inference to estimate what an RCT would have revealed if it was possible to conduct one. In the second blog post , we saw one of these strategies, known as stratification. However, this mapping will give us one function representing every well in the basin.

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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error. AI-powered tools assist engineers, geologists, and analysts by providing insights that enhance decision-making. Be sure to follow Aresco on LinkedIn !

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The Challenges of DDR Data Entry and Cost Tracking in Oil & Gas Drilling

Oil Gas Leads

In this blog, well explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking. Discrepancies arise when end-of-well (EOW) costs do not align with actual vendor invoices due to missing or inaccurate field entries.

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Natural Gas Performs During Arctic Blast, Keeping Millions of American Homes Powered, Warm

Marcellus Shale Coalition

Here we are, sitting atop one of the largest natural gas basins in the world; producing, processing and transporting the fuel that is clearly the most logical source for ensure reliable and resilient electric generation…We have the grid operator warning us of a significant shortfall in electric generation on the near horizon.

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Valor | Energy Connection – Feb. 3, 2025

Valor

The ruling affects the Sea Lion field, potentially delaying the project led by Harbour Energy, which aims to unlock substantial oil reserves. Read more US drilling activity rises, led by Permian Basin surge Summary : The U.S. This decision highlights the ongoing tension between energy expansion and environmental concerns in the UK.

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