A 2008 study of 300 oil fields producing a total of 84 million barrels per day reported

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A 2008 study of 300 oil fields producing a total of 84 million barrels per day reported that daily production was decaying at a continuous rate of 9.1% per year. Find the estimated production in these fields in 2025 if the decay continues at the same rate.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 10, 2023 06:51 AM

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A 2008 study of 300 oil fields producing a total of 84 million barrels per day reported

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If production continues to decay exp...View the full answer

Applied Calculus

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