article thumbnail

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.

Basin 52
article thumbnail

How Do We Inform a Model About a Well’s Surroundings?

Novi

In addition to algorithmic methods, there are also feature engineering improvements we have implemented to provide better information to models about a wells surroundings. If there are many different ways to describe pad development to fellow humans, how should we communicate spacing information to a machine learning model?

Basin 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When Numbers Lie: What Permian Basin Spacing Trends Don’t Tell Us About Well Performance

Novi

Examining the relationship between oil production and proppant , we see both the Delaware Basin (Figure 1) and Midland Basin (Figure 2) showing a production increase with proppant intensity. Figure 1: Delaware Basin 12 month cumulative oil production per lateral foot, plotted against proppant per lateral foot used in the completion.

Basin 52
article thumbnail

Petrobras’ Test at Sirius-2 Well Offshore Columbia Proves 'Good Productivity'

Offshore Engineer

Petrobras has informed that a Drill Stem Test (DST) in the Sirius-2 well, located in deep waters of the Gujaira Basin offshore Colombia, proved good productivity

article thumbnail

Where Water Takes Center Stage

Permian Basin Oil and Gas Magazine

The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.

Basin 59
article thumbnail

Permian Basin Gas Production Pushes Limits – Infrastructure Expansion Needed

Rextag

The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Energy Information Administration (EIA).

Basin 40
article thumbnail

New Permian Pipeline Projects Are Crucial to Energy Security and Market Stability

Energy Central

The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration.