A means of predicting future oil or gas well production based on past production history.
The first and the most popular decline curve methodology is Arp's decline model:
| Fig. 1. Arp's Exponential decline | Fig. 2. Arp's Harmonic decline | Fig. 3. Arp's Hyperbolic decline |
See Arp's DCA @model for mathematical Arp's model.
See Also
Petroleum Industry / Upstream / Production / Subsurface Production / Field Study & Modelling / Production Analysis