A means of predicting future oil well or gas well production based on past production history.
It does not involve the knowledge of formation pressure or bottom-hole pressure and solely based on production data.
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 DCA @model for mathematical models.
See Also
Petroleum Industry / Upstream / Production / Subsurface Production / Field Study & Modelling / Production Analysis