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:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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
Venture Global sinks 20% after legal defeat to BP over LNG contract dispute
ZimZam 2025 mobilises energy players to accelerate regional integration
ENGIE secures 31GWh/year of biomethane from CVE Biogaz in Ludres
RWE commissions new 12.9 MW wind farm in Rhineland-Palatinate
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
Washington targets Iranian oil with new sanctions on phantom fleet
The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.
Les deux Soudans scellent un accord pétrolier malgré l’ombre des milices
Khartoum et Juba annoncent un mécanisme commun pour protéger les oléoducs transfrontaliers, sans clarifier le rôle des forces armées non étatiques qui contrôlent une partie des installations.
Namibia and McDermott join forces to train future oil workforce
The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.
Nigeria inaugurates its first publicly funded floating oil terminal
Nigeria deploys a 2.2 million-barrel floating storage unit funded by public investment, strengthening sovereignty over oil exports and reducing losses from theft and infrastructure failures.
Bill C-5 fuels uncertainty over the future of pipelines in Canada
Despite open statements of dialogue, the federal government maintains an ambiguous regulatory framework that hinders interprovincial oil projects, leaving the industry in doubt.
Sintana Energy acquires Challenger Energy to strengthen offshore assets in Africa
Canada’s Sintana Energy acquires Challenger Energy in a $61mn all-share deal, targeting offshore exploration in Namibia and Uruguay. The move highlights growing consolidation among independent oil exploration firms.
Exxon restarts catalytic cracking unit in Beaumont after technical failure
The 120,000-barrel-per-day catalytic cracking unit at the Beaumont site resumed operations after an unexpected shutdown caused by a technical incident earlier in the week.
Sudan and South Sudan sign agreement to secure oil infrastructure
An agreement was reached between Khartoum and Juba to protect key oil installations, as ongoing armed conflict continues to threaten crude flows vital to both economies.
Algeria signs two oil assessment agreements with Petrogas E&P
Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.
Chinese refineries cut Iranian crude purchases by 46% in September
Import quotas exhaustion and falling demand push Chinese independent refineries to sharply reduce Iranian crude volumes, affecting supply levels and putting downward pressure on prices.
US sanctions hit NIS, a key player in Serbia’s oil market
Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
Chevron appoints former TotalEnergies executive to lead African exploration
US-based Chevron appoints Kevin McLachlan, a veteran of TotalEnergies, as its global head of exploration, in a strategic move targeting Nigeria, Angola and Namibia.
Lycos Energy sells assets for $60mn and redistributes $47.9mn to shareholders
Lycos Energy finalises the sale of its Alberta assets for $60mn, planning an immediate $47.9mn cash distribution to shareholders and the launch of a share buyback programme.
Russia increases oil production and nears OPEC+ quota
Russian oil output moved closer to its OPEC+ allocation in September, with a steady rise confirmed by Deputy Prime Minister Alexander Novak.
Jihadist blockade disrupts fuel supply across Mali
Fuel shortages now affect Bamako, struck in turn by a jihadist blockade targeting petroleum flows from Ivorian and Senegalese ports, severely disrupting national logistics.
McDermott signs strategic partnership with PETROFUND to train Namibia’s energy workforce
McDermott has signed a memorandum of understanding with PETROFUND to launch technical training programmes aimed at strengthening local skills in Namibia’s oil and gas sector.
Nigeria doubles output at oil block in 100 days through local management
The example of OML 17 highlights the success of an African-led oil production model based on local accountability, strengthening Nigeria’s position in public energy investment.
ExxonMobil returns to Iraq with deal on Majnoon oil field
ExxonMobil has signed a memorandum of understanding with the Iraqi government to develop the Majnoon oil field, marking its return to the country after a two-year absence.
Oil rises 1.3% after limited OPEC+ output increase
Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.
Cenovus raises offer for MEG Energy to $29.80 per share with new mixed structure
Cenovus Energy modifies terms of its acquisition of MEG Energy by increasing the offer value and adjusting the cash-share split, while reporting record third-quarter results.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.