SUBSCRIBE
PROFILE

Wood Mackenzie partners with Novi to strengthen analysis of 4.4 million Lower 48 wells

Wood Mackenzie has entered into a strategic partnership with Novi Labs to integrate proprietary well-level production data and advanced lease-to-well algorithms into its Lens Lower 48 solution, covering more than 20% of global oil and gas supply.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Wood Mackenzie announced a strategic agreement with Novi Labs to improve the accuracy and depth of its Lens Lower 48 database by integrating proprietary production data and lease-to-well algorithms developed by Novi. This partnership enhances Wood Mackenzie’s analytical capabilities in the US upstream market, one of the most complex and volatile worldwide.

Unrivalled coverage of unconventional basins

Through this collaboration, Wood Mackenzie’s clients will gain access to detailed data from more than 25,000 wells in key states such as Texas, Oklahoma, and Louisiana. These wells represent a significant share of the 4.4 million drillings recorded in the Lower 48 region, which generates more than one-fifth of global hydrocarbon supply. Novi’s algorithms, powered by actual well data collected from field operators, provide precise mapping of oil, gas, and water production at the well level.

Decision tools suited to current requirements

Data reliability has become critical for investments in the US upstream sector, as operators focus on optimising their portfolios and developing infill wells in mature basins. Even small forecasting errors can significantly impact valuation models and capital allocation decisions.

Clients will also benefit from Wood Mackenzie’s proprietary cost models, covering 37 drilling and completion subcategories, allowing for detailed regional analyses. The integration of Novi’s data is also designed to facilitate the use of artificial intelligence, making data flows compatible with machine learning tools and large language model interfaces within companies.

Enhanced access for investors and producers

The goal of this partnership is to offer a comprehensive alternative to traditional providers, often costly and less flexible. The combination of Novi’s data precision and Wood Mackenzie’s sector expertise enables investors, producers, and financial institutions to access structured intelligence to better manage volatility, identify opportunities, and drive consolidation strategies in the world’s largest oil and gas market.

  • Popular on energynews.pro
Vattenfall commissions 76 MWc agri-photovoltaic park in Germany
Sunsure commissions 82.5 MW solar plant in Uttar Pradesh
Sri Lanka halts LNG imports from India due to infrastructure delays
Southeast Asia’s power demand drives massive integration of solar and wind
EBRD injects $100mn into DenizBank’s green bond in Turkey
International Petroleum repurchases 59,454 shares under its NCIB programme
International Petroleum Corporation repurchased 59,454 common shares between 15 and 19 September, under its ongoing share buyback programme compliant with Canadian and European regulations.
European Union targets 118 tankers and two Russian giants in its 19th sanctions package
The European Commission seeks to block Russian oil flows through new bans targeting Rosneft, Gazprom Neft, foreign refineries and vessels operating outside the regulatory framework.
Venezuela denounces the United States’ naval operation as a disguised war
Caracas steps up its military posture in response to the United States’ naval deployment in the Caribbean, which the Venezuelan government accuses of having strategic designs on its oil and gas resources.
More than $2.2bn diverted from oil in South Sudan, says UN
A UN report reveals that nearly 90% of road projects financed by oil never materialised, fuelling surging poverty amid extreme inflation and poor management.
Sinopec invests in Xinjiang petrochemical expansion with a $2.85bn project
Sinopec modernises its Tahe complex, increasing refining capacity and adding key units to support petrochemical production in western China.
TotalEnergies secures four offshore oil exploration blocks in Liberia
TotalEnergies has signed four production sharing contracts for offshore blocks covering 12,700 km² off the coast of Liberia, marking a new step in the expansion of its activities in West Africa.
Oil industry could unlock 1,000 billion barrels through AI recovery methods
A new analysis estimates that existing oil fields could yield up to 1,000 billion additional barrels without major new discoveries, using proven methods supported by artificial intelligence.
Baker Hughes extends deployment of two offshore stimulation vessels in Brazil
Baker Hughes has signed a multi-year contract with Petrobras to maintain the Blue Marlin and Blue Orca vessels in Brazil’s offshore fields, including the supply of associated chemicals and services.
Kazakhstan resumes crude exports via BTC after one-month technical halt
KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.
Nigeria ends state of emergency in strategic oil-rich Rivers State
After six months of suspended local institutions, Nigeria's federal government restores civilian power in oil-rich Rivers State as political tensions appear to ease.
Uganda builds 2 million barrels of storage to boost oil sector
Backed by flagship projects linked to EACOP and the Tilenga and Kingfisher fields, Uganda aims to lead Africa in new oil storage additions, with a projected impact on its revenues and financial flows by 2030.
Independent producers generated $563bn in US GDP in 2024
A study reveals that independent oil and gas producers supported over 3.1 million jobs and generated $129bn in taxes, representing 87% of the US upstream sector’s economic contributions.
GATE Energy awarded commissioning contract for bp’s Kaskida offshore project
GATE Energy has been appointed to deliver full commissioning services for bp’s Kaskida floating production unit, developed in partnership with Seatrium in the deepwater Gulf of Mexico.
Syrian tanker docks in Trieste, first crude delivery in 14 years
A Syrian vessel carrying 640,000 barrels of crude has docked in Italy, marking the country’s first oil shipment since the civil war began in 2011, amid partial easing of US sanctions.
Canadian exports to China rise on back of expanded TMX pipeline
Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.
Oil and gas to remain dominant in global energy mix through 2050
Faced with rising global electricity demand, energy sector leaders are backing an "all-of-the-above" strategy, with oil and gas still expected to supply 50% of global needs by 2050.
UK sanctions 70 tankers to reinforce Russian oil price cap
London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.
Iraq and Oman in talks to build new oil pipeline to secure exports to Asia
Iraq is negotiating with Oman to build a pipeline linking Basrah to Omani shores to reduce its dependence on the Strait of Hormuz and stabilise crude exports to Asia.
Vallourec signs $1bn contract with Petrobras for Brazilian offshore operations
French steel tube manufacturer Vallourec has secured a strategic agreement with Petrobras, covering complete offshore well solutions from 2026 to 2029.
IEA warns of 3.3 million barrel oil surplus in 2026
Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.

Log in to read this article

You'll also have access to a selection of our best content.