Analysis of Oil and Gas Production Performance
Chapter 1: Introduction to Decline Curves
The first chapter sets the foundation for the ensuing work, which delves deeply into different aspects of production decline analysis. The study of production performance is often denigrated because of the often-uncertain data quality. However, it is the one set of data most often available for estimating well character.
Every well or field does not lend itself to decline curve analysis. The reader is initially introduced to some of these general uncertainties and assumptions. One should be aware of these fundamentals before analyzing and predicting performance no matter how sophisticated the approach is.
Mathematically fitting an equation of a line...