The essential tool to any one who would appreciate an oil and gas property or determine its rate of depletion, is the decline curve. Since the applications of the appropriate statistical and graphic methods desirable for an understanding of the decline curve have not received adequate attention, it seems to me that it might be helpful if on this occasion I presented an outline of the application of these methods in the construction of decline curves.
In the study of the production of oil or gas wells we may use statistical or graphic methods for three different purposes:
In addition...
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