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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]

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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.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades.

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Natural gas production in the Haynesville fell by 2 Bcf/d in April from 2 months prior, the steepest decline in the history of the basin

Energy Central

Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil). To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.

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URTeC 2024 Recap: Insights and Highlights from the Novi Team

Novi

Novi Labs Papers Novi authored and presented 5 papers throughout the week, plus an alternate paper. Absolute percent error type curves vs machine learning Analyzing Midland Basin Well Performance and Future Outlook with Machine Learning Through this analysis, we modeled the entirety of the Permian Midland twice.

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Keep It Fresh, Keep It Relevant

Permian Basin Oil and Gas Magazine

Presentations of PowerPoints are adequate, but sometimes PowerPoints need tweaking as well. If you are excited about your presentation, it has a better chance of retention with the intended audience. Ask if they noticed freshness in the presentation. Safety meetings and tests need to have a certain degree of challenge.

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Finding the Spacing Signal in the Noise: How to Debias a Model

Novi

This model uses 11,176 horizontal wells in the Delaware Basin with the following characteristics (Figure 1), and the following input variables: Figure 1. Filters showing composition of wells used to train the Delaware Basin model. SHAP values in the Delaware Basin for proppant loading. Figure 4 shows a different story.

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