Core data from Wood Mackenzie is now teamed with Novi Labs in a strategic alliance designed to offer its U.S. Lower 48 upstream intelligence, the world's most data-intensive oil and gas basin.
The collaboration enhances Wood Mackenzie's Lens Lower 48 solution with Novi's operator-verified production data and advanced lease-to-well algorithms, providing customers with the industry's most accurate view of more than 4.4 million wells. The region accounts for more than 20% of global oil and gas supply and remains the driver of U.S. shale growth.
Accurate benchmarking and forecasting have become critical as operators shift from frontier development to infill drilling and maximizing returns from maturing acreage. The partnership integrates Novi's proprietary datasets - built on thousands of well records from Texas, Oklahoma, Louisiana, and other major supply states - with Wood Mackenzie's cost intelligence and market modeling.
"The Lower 48 remains the most dynamic upstream market in the world," said Joe Midgley, global head of upstream and carbon management at Wood Mackenzie. "By combining Novi's data accuracy with our global perspective and cost intelligence, we're giving operators and investors the confidence to make better-informed decisions in a volatile market."
For the user, the combination results in faster insight, more comprehensive well-level production data, and artificial intelligence and machine learning-driven analytics. The solutions will be used to enhance reservoir modeling, investment planning, and portfolio optimization for Lower 48 E&Ps and financial investors.
Novi CEO Scott Sherwood called the combination a "new standard" for the accuracy of U.S. production data with unprecedented confidence in upstream decision-making.
While consolidation has devastated the shale sector, however, the two companies indicated the merger will give operators a more stable platform for capital planning, completions optimization, and sustainability in U.S. production growth.