Petroleum & Drilling
Advanced
Exponential Production Decline
Falling production rate of a well over time at a constant decline rate.
Formula
Variables
qRate at time t
q_0Initial rate
DDecline rate
tTime
Example
q_0=1000 bpd, D=0.2/yr, t=3: q ≈ 549 bpd
Did You Know?
Arps' decline curves, from 1945, still forecast the lifetime output of most oil wells.
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