A new algorithm for hyperbolic decline curve fitting is presented. The new algorithm is self starting, and converges very rapidly. The algorithm minimizes the sum of squares of the deviations of the logarithm of the producing rate from the predicted value.

Keywords:
decline curve analysis, accuracy, rowland, decline equation, equation, hyperbolic exponent, method 1, upstream oil & gas, spe 15293, production forecasting
Subjects:
Well & Reservoir Surveillance and Monitoring, Formation Evaluation & Management, Information Management and Systems, Production forecasting
Copyright 1986, Society of Petroleum Engineers
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