At present one is unable to appraise an oil well scientifically until the decline curve is known, the use of which requires a knowledge of the first year’s production. The discovery clause of the Income Tax Law, as now interpreted, makes it very important, however, that the future of a well be predicted at the end of the first day or of the first thirty days thereafter. This paper is offered as a beginning toward the gathering of such data as will permit the solution of this problem.

The writer has secured the first day’s production, the first thirty day’s...

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