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Exponential decline has a physical meaning of declining production from finite drainage volume 

LaTeX Math Inline
bodyV_e
with constant BHP
LaTeX Math Inline
bodyp_{wf}(t) = \rm const
 (pseudo-steady state flowa specific type of Boundary Dominated Flow under Pseudo Steady State (PSS) conditions).

Harmonic and Hyperbolic declines are both empirical.

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