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[Permian Update] Total production topped 5 million b/d, with 5,474 horizontal wells completed last year alone, 15% more than in 2021.

Energy Central

Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gas. 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. We also explored the possibility of unsupervised clustering of machine learning-derived rock quality as a way of binning curves. Daily oil production from horizontal wells, segmented by year of first production.

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

Novi

As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? What about varying completions alongside spacing? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms.

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

This article examines their findings in depth, presenting hard numbers, economic realities, and 23 major flawed assumptions that cast doubt on the IEAs predictions. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. However, the real-world EV market is slowing down. and Europe.

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Introducing Novi’s Insight Engine

Novi

Since then, weve built the industrys highest-quality database, incorporating cutting-edge AI to enhance your understanding of spacing, landing zones , and future production with unprecedented precision. Explore the details below or scroll to the bottom for our video demo and a firsthand look. But we are not stopping there.

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Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

The Energy Law

On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.

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Creating the Industrial Ecosystem

McKinsey

We were provided a variety of insights in different presentations and demonstrations, of the technology they are working upon. They do seem to be are on a good path for growth but to make it a path that fully connects to exploit all the opportunities it can explore. Innovation expertise is as specialized as engineering for example.