Question
For the data given in the following table, identify a suitable decline model, determine model parameters, and project production rate till the end of
For the data given in the following table, identify a suitable decline model, determine model parameters, and project production rate till the end of the 10th year. Time (year) 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 Production Rate (1,000 stb/day) 9.63 9.29 8.98 8.68 8.4 8.14 7.9 7.67 7.45 7.25 7.05 6.87 6.69 6.53 6.37 Time (year) 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 Production Rate (1,000 stb/day) 6.22 6.08 5.94 5.81 5.68 5.56 5.45 5.34 5.23 5.13 5.03 4.94 4.84 4.76 4.67 Time (year) 3.1 3.2 3.3 3.4 4.0 5.0 6.0 7.0 8.0 9.0 10.0 Production Rate (1,000 stb/day) 4.59 4.51 4.44 4.36
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Materials and process in manufacturing
Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser
9th edition
471656534, 978-0471033066, 471033065, 978-0471656531
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